Alaska Cargo and Cold Storage Expands in Anchorage

Ted Stevens Anchorage International Airport

[Stay on top of transportation news: Get TTNews in your inbox.]

Alaska Cargo and Cold Storage has executed with the state of Alaska a 55-year lease agreement at Ted Stevens Anchorage International Airport for a 700,000-square-foot, climate-controlled warehouse facility at the world’s sixth-busiest cargo airport.

Located on the Great Circle Route, the airport is within 9½ hours of 90% of key markets in Asia, Europe and North America, according to the Anchorage-based company:

“[The airport] offers daily, nonstop freighter service to more than 30 destinations and near-daily service to an additional 20. This facility will allow perishables to be consolidated from North America and Latin America and then distributed to freighters bringing perishables closer to the consumer. Cutting the time from field or sea to the consumer will provide a better product.”

In September, the U.S. Department of Transportation awarded the Alaska Energy Authority a $21 million BUILD grant to administer in support of the ACCS project.

The facility will be constructed in phases. The first phase will be about 190,000 square feet with plans to begin construction in the second half of the year. When fully completed, the facility will offer cold and warm storage, quick cargo, and general warehousing options, logistics services and auxiliary space for tenant offices.

Alaska Cargo and Cold Storage is a joint venture of industrialist Chad Brownstein and McKinley Capital Management. — Transport Topics

Want more news? Listen to today's daily briefing: