Americold Realty Trust breaks ground in Port Saint John, New Brunswick, on its first import-export hub to be built in Canada. Provincial and local leaders join company executives to celebrate this significant investment in New Brunswick, a ceremony held in conjunction with Port Saint John's Port Days. The new cold storage facility, to become the sixth operated by Americold in Canada, will leverage the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City.
Americold will invest between $75 and $80 million to develop this import-export hub, providing approximately 22,000 pallet positions - the equivalent of over 800 full truckloads of temperature-sensitive goods. The facility will enhance trade routes between Canada and global markets, increase export capacity, improve import logistics, and support economic growth through strategic partnerships and infrastructure development. This build is expected to contribute up to $37 million in direct provincial GDP.
Opportunities NB will invest up to $1.01 million in the form of a payroll rebate to assist Americold with the creation of up to 100 jobs by the end of 2029. The Americold facility is slated to open in 2026.
