Driven by the rampant growth in e-commerce, forwarders have been scrambling for warehouse space, steadily driving up rents.
Lately there have been indications of the momentum shifting down a notch or two, as in other hot sectors like trucking – but the US’s largest provider of temperature-controlled warehousing, Americold, raised some eyebrows when its Q2 results showed a massive 83.3% drop in net income, to $4.9m,
Net income for the first half …

The post US cold store giant Americold unfazed by 83% drop in net revenue appeared first on The Loadstar.

Source: The Loadstar