Canadian Pacific Kansas City, Americold Realty Trust to Explore Project Opportunities in Mexico

MT Newswires Live12-12

Canadian Pacific Kansas City (CP, CP.TO) and Americold Realty Trust (COLD) said Thursday that they will formally explore co-development opportunities in Mexico under their collaboration to optimize temperature-sensitive logistics between the US, Mexico and Canada.

The companies formed the collaboration last year and broke ground on their planned $127 million import-export hub in Missouri in June, the partners said. The facility is scheduled to open in mid-2025 to facilitate the import and export of temperature-sensitive food between Mexico and the US, the partners added.

Americold plans to invest $500 million to $1 billion over the next five to ten years in development projects with its partners Canadian Pacific Kansas City and DP World, the partners said.

Price: 75.75, Change: -0.35, Percent Change: -0.46

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