Americold Realty Trust (COLD) said Tuesday it plans to build its first import-export hub at Port Saint John in New Brunswick, Canada.
The firm said it will invest between $75 million to $80 million to develop the new site that will connect with two of its key partners, DP World and Canadian Pacific Kansas City, to provide a cold chain for food moving between Canada and its global trading partners.
Shares of Americold were up about 1.3% in recent trading.
Price: 22.62, Change: +0.28, Percent Change: +1.25
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