Performance Team to Open Cold Chain Facility in South Carolina, Adds Capacity to Move More Protein

Performance Team, a company under shipping giant Maersk, will open a cold storage facility in South Carolina that is set to begin operations in Q1 2023.

The new facility will reach 80 million consumers within one day and 225 million consumers within two days, per a Maersk press release. According to American Shipper, the facility is designed to move imports of proteins, fruits and vegetables.

The publication quoted Mike Meierkort, head of logistics and services for Maersk North America, during a groundbreaking ceremony in Charleston...

Lineage Logistics acquires Cold Storage Nelson for major expansion into New Zealand

Lineage Logistics, LLC., the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired leading New Zealand cold storage business, Cold Storage Nelson Limited (“CSN”). Financial terms of the transaction were not disclosed.

“CSN has industry-leading skills in inventory control, compliance and traceability,” Mr. Jeff Rivera, Lineage’s Global Chief Operations Officer, said. “CSN’s facilities, combined with our industry-leading technology and innovation, will assist New Zealand customers to navigate increasing supply chain demands in New Zealand and internationally..."

Latest Maersk Cold Storage Facility Set to Open in New Jersey This Fall

A cold storage facility serving both imports and exports of fish, poultry, beef, pork, fruits and vegetables will open in Dayton, New Jersey in October, Performance Team – A Maersk Company, announced on June 6.

Maersk explained that end-to-end supply chain solutions are made by the company’s Oceans services calling APM Terminals Elizabeth, New Jersey that can be integrated with Maersk Customs Services, USA Inc. customs clearance expertise and Performance Team – A Maersk Company’s 60+ warehouses and Transportation services - designed to serve storage, fulfillment...

Lineage Logistics Named to CNBC Disruptor 50 List for Second Year in a Row

Lineage Logistics appeared on CNBC Disruptor 50 list in back-to-back years the company announced on May 17. The company landed on the #3 spot after debuting at the #17 spot in 2021.

CNBC’s list displays the 50 fast-growing private companies in a number of industries. 

Companies named as a CNBC Disruptor 50 are selected by CNBC and CNBC.com editorial staff using a proprietary blend of quantitative and qualitative information submitted by more than 1,400 nominated companies, Lineage shared in a press release...

Lineage Logistics’ Latest Acquisition Sets Groundwork for Significant Singapore Expansion

Cold storage giant Lineage Logistics has made another acquisition. This time the company has bought Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore.

Lineage said the financial terms of the deal were not made public, but the move sees Lineage acquire the market leader in Singapore for the provision of cold storage services and automated operations.

“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,” Jeff Hogarth...

Lineage Logistics Expands Footprint in Canada Through Latest Acquisition

Lineage Logistics announced the acquisition of VersaCold Logistics Services, a Canadian cold chain solution provider from TorQuest Partners (“TorQuest”) and its co-investment partners, The Investment Management Corporation of Ontario (“IMCO”) and OPTrust on April 13.

VersaCold was founded in 1941 and has grown to run 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its network spans nine provinces and features facilities in some of the key metropolitan markets in the country.

“Our acquisition of VersaCold represents yet another...

Lineage Logistics Next-Generation Automated Cold Storage Facility to Provide Food Chain Hub for JBS 

Lineage Logistics, LLC, the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced the construction of a next-generation automated cold-storage facility in Windsor, Colo., on behalf of JBS USA, a leading global food company.

Lineage designed an automated facility spanning more than 200,000 square feet that will provide JBS with expanded blast freezing and storage capacity, as well as rail access to support the shipment of export products to ports located on the West Coast. The facility...

ANALYSIS: Turkey Cold Storage: A Post-Holiday Peek into the Freezers

As turkey market participants eagerly dig through November’s Cold Storage Report, they find that most of the final figures serve to reinforce what they already know: Inventory levels remain constricted...

This Week in Retail: Seafood Features Are Ablaze Amid the Holidays

With Christmas at our doorstep, some households are stocking up on last-minute gifts, along with food for those hosting holiday meals.

Just ahead of the holiday, seafood climbed to the top spot among protein ads this week with 29.5 percent. Beef comes in second with 25.9 percent of total protein ad volume, followed by pork with 21.6 percent. Chicken makes up 4.7 percent, compared to 5.7 percent the previous week. Turkey features increased to 16.8 percent, up from 12.2 percent last week...

This Week in Retail: Tight Cold Storage Stocks Keep Prices Elevated for Many Meat Items

Pumpkin spice lovers, rejoice! Yesterday marked the first day of autumn and consumers are gearing up for cooler temperatures and hearty home-cooked meals. As we approach the fourth quarter, retailers are optimistic that fall-oriented demand will help maintain a strong consumer pull for meat and poultry products.  

For hog producers, autumn typically signals a period of seasonal expansion in supplies. Buying interest among packers who purchase hogs in the open market has slowed considerably in recent weeks, according to livestock dealers. This suggests that hog supplies overall are adequate for packers’ needs and current processing capacity, which continues to be strained by labor challenges...

ANALYSIS: Turkey Cold Storage Holdings Continue Year-over-Year Thaw

The latest release of July’s Cold Storage Report underscores what many players in the turkey industry already know: That supplies are tight...

ANALYSIS: July Pork in Cold Storage Breakdown

July’s USDA Cold Storage report, released on August 23^rd, showed that while progress was made in restocking the freezers for a couple of categories of cuts, there are still...

ANALYSIS: Depleted Inventories Contribute to Boneless Breast Rally

Although the chicken market environment has been anything but consistent lately, that’s not to say that there aren’t some familiar tenets still shining through...