09:04 AM EDT, 05/29/2025 (MT Newswires) -- Americold Realty Trust ( COLD ) said Thursday that it has broken ground on an import-export hub in Port Saint John, New Brunswick.

The new cold storage facility will make use of DP World's maritime logistics capabilities as well as rail logistics from Canadian Pacific Kansas City ( CP ) , Americold said.

Americold said it will invest between $75 million and $80 million to build the import-export hub, which is meant to increase export capacity, improve import logistics, and support economic growth.

The facility is expected to open next year, Americold said.