UPS to Acquire German Cold Chain Company
UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.
Lineage’s Shares Climb Up to 5% After Biggest IPO Since Arm
Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO.
Cold Storage Firm Lineage Seeks Up to $3.85 Billion in IPO
Temperature-controlled storage and logistics giant Lineage Inc. is seeking to raise as much as $3.85 billion in its initial public offering.
Candor Expedite Launches Cold Chain Division
Expedited freight specialist Candor Expedite unveiled a cold chain division in early May, building the launch around a specially designed pallet that can maintain cargo temperatures for days, the company said.
$73 Million Cold Storage Site Set for Port of Gulfport
A subsidiary of Core X Partners is investing $73 million to establish a Mississippi cold storage site at the Port of Gulfport in a venture to revitalize the Gulf Coast cold supply chain.
Agile Cold Storage Chooses Louisiana for $45.9M Facility
Agile Cold Storage is revamping a historic Louisiana brick-making facility with plans to ship 100 containers weekly of food products from its new Pearl River facility.
Americold, Arkansas Officials Kick Off $90M Expansion
Arkansas Gov. Sarah Huckabee Sanders helped open a $90 million cold storage and distribution facility expansion by Americold to strengthen the state’s food supply chain.
Virginia, USDA Offer $6.3M in Cold Storage-Related Grants
Virginia has partnered with the U.S. Department of Agriculture to offer $6.3 million in supply chain grants to expand transportation options and increase cold storage and flash-freezing facilities.
FreezPak Logistics Plans Virginia Facility for Mid-Atlantic
FreezPak Logistics, a full-service cold and dry storage company, will invest $77.5 million to build a facility serving the Mid-Atlantic region.
Virginia Officials Laud WCS Logistics’ Cold Storage Expansion
Virginia Gov. Glenn Youngkin announced a $27 million cold storage expansion by WCS Logistics along the Interstate 81 trucking corridor in Frederick County.