News / US cold store giant Americold unfazed by 83% drop in net revenue

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 of the year amounted to $262,000, or zero cents per ...