Canadian Pacific Kansas City (CP) and Americold Realty Trust (COLD) announced plans to formally explore co-development opportunities in Mexico as part of their continued strategic collaboration focused on optimizing temperature-sensitive commodity flows between the United States, Mexico and Canada. Americold plans to invest between $500M-$1B over the next five to 10 years in development projects with CPKC and its other strategic partner DP World.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CP:
- North American rail traffic up 2.2% for the week ending December 7
- Ballard Power signs new Long Term Supply Agreement with Canadian Pacific Kansas City
- North American rail traffic down 11.3% for the week ending November 30
- North American rail traffic up 19.1% for the week ending November 23
- North American rail traffic down 1.3% for the week ending November 16