Business as usual. Americold Realty Trust Announces Second Quarter 2020 Results July 8, 2020. Americold’s picking systems have evolved significantly over the years, with the company constantly reviewing and evolving best practice approaches to delivering a faster and ever-more accurate cold chain solution for their customers. Regional News "We are looking at a similar strategy here in Australia," Mr Winnall said. The transaction raised $110 million in proceeds during the quarter. That's pushing up prices on freezing," he said, and making expansion an attractive proposition.Before the Oxford deal in December last year, private equity-backed Emergent scooped up sites in Allansford, Truganina and Tullamarine owned by another private player, Montague Cold Storage.When it first arrived in Australia early last year it acquired a foothold of 15 warehouses by taking over another of the country's oldest and biggest privately run operators, Swire Cold Storage, heralding the end of an era where the sector was controlled by family-run businesses.European cold storage specialist NewCold also entered the market in 2017 when it completed two mega-size cold storage warehouses in Truganina, in Melbourne's west.In second quarter results filed with the New York exchange on Thursday, Americold said it completed a land purchase in Sydney for US$45.5 million after paying a US$4.4 million deposit in 2018.The company reported an 11 per cent increase in total revenue for the quarter to US$438.5 million, of which US$84.4 million was generated out its Australian business.Refrigerated warehouses typically provide storage and logistics handling for food and grocery companies like Coles, Woolies, Peters Ice Cream, McCains, Pizza Hut, Dominoes and Collins Foods.Simon Johanson is a business journalist at The Age and The Sydney Morning Herald.Stack and rack: Americold has three sites across Australia’s eastern seaboard and one in Perth.Americold and another US based giant, Emergent Cold, are going head-to-head in Australia. Press Release RSS Feed (opens in new window) Press release year list 2020 2019 2018 2017 2016. The cold chain remains intact on our temperature-controlled docks.Abide by regulatory requirements, extend product lifespan indefinitely, and lock in flavor, vitamins, and minerals. Stack and rack: Americold has three sites across Australia’s eastern seaboard and one in Perth. By partnering with Americold, you can pay more attention to your customers, exceeding their expectations, and growing your business. News Life Supermarket chaos erupts in Auckland Chaotic scenes have unfolded in Auckland tonight as panic-stricken shoppers rip open … Covid-19 has spread from Auckland - reports Based in Richmond, VA, Todd is the finance editor at FreightWaves. Credit: Pat Scala. "Freezer demand is very high and there is very high utilisation rate right around the country, less so on the chiller space. Americold owns and operates 179 temperature-controlled warehouses in the United States, Australia, New Zealand, Canada, and Argentina. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. Americold owns and operates 183 sites in the United States, Canada, Australia, New Zealand and Argentina. © Copyright 2020, All Rights Reserved, FreightWaves, IncCold storage sees choppy Q2; Americold says business ‘stable’ Rent and storage revenue per pallet increased $1.37 to $52.64, holding currency fluctuations constant.Management sees ample opportunity within its portfolio, noting they have sold most of the future pallet positions on expansion projects in Chicago, Atlanta andAmericold had $1.2 billion in total liquidity at the end of the second quarter with total debt of $2 billion, $1.8 billion of which is tied to real estate. Americold Realty Trust Sets Date for Second Quarter 2020 Earnings Release and Conference Call June 16, 2020. Americold's newly appointed managing director in Australia, Richard Winnall, said the company's warehousing business in Australia and New Zealand had been "capacity stagnant", or dormant, for the past 10 years. Americold's newly appointed managing director in Australia, Richard Winnall, said the company's warehousing business in Australia and New Zealand had been "capacity stagnant", or dormant, for the past 10 years. "An expansion strategy will look like building new capacity in Australia and New Zealand and/or potential acquisitions, although there is no immediate acquisition target," he said.Americold has three sites across Australia's eastern seaboard and one in Perth, which house six large freezer and chiller facilities. Americold’s blast freezing process is available at many of our facilities.We have a scheduled, temperature-controlled national LTL network that drives right by your facilities – and those of your customers.