HOME Research Insight Americold logistics (U.S.) and Preferred Freezer Services (PFS) are the Global Leader in the Cold Chain Market

Americold logistics (U.S.) and Preferred Freezer Services (PFS) are the Global Leader in the Cold Chain Market

The key players in the cold chain market include Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.), and Nichirei Logistics Group Inc. (Japan). Other players include Swire Cold Storage Ltd (Australia), AGRO Merchants Group (U.S.), Cloverleaf Cold Storage (U.S.), Kloosterboer Group (Netherlands), and Interstate Cold Storage Inc. (U.S.).

Key strategies such as expansions & investments, new service launches, mergers & acquisitions, partnerships, collaborations, agreements, and joint ventures were adopted by the prominent players to expand their global presence and increase their share in the market for cold chain. The leading players are focusing on strengthening their R&D capabilities by investing in advanced cooling technologies to offer diversified service portfolios for different applications, particularly in the food & beverages, dairy, and confectionery industries.

Innovative new service launches, strategic acquisitions, and organic expansions, were the core strengths of the leading players of the cold chain market; these strategies were adopted by the players to increase their market presence. They helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their service portfolios. Market leaders such as Americold Logistics (U.S.), Preferred Freezer Services (U.S.), Burris Logistics (U.S.), Lineage Logistics Holding LLC (U.S.), and Nichirei Logistics Group Inc. (Japan) successfully tapped the potential markets through new service launches, expansions, investments, and acquisitions.

Americold logistics (U.S.) is the global leader in temperature-controlled warehousing and logistics, and offers the most comprehensive warehousing, transportation, and logistic solutions in the world. It offers warehousing services to food producers, processors, distributors, retailers, and end consumers. The company also offers a full range of temperature-controlled transportation solutions for its customers, including LTL (less than truckload) and Multi-Vendor Consolidation programs. Americold has a well-established business in North America and is now focusing on the Asia-Pacific region for expansions and partnerships. For instance, in January 2012, China Merchants Americold Holdings Co. Ltd (Hong Kong), a subsidiary of Americold, partnered with Yum! China, a Chinese restaurant company. This benefited the company to enhance its dry and temperature-controlled logistics chain in the Chinese market. Also, in July 2016, Americold set up a temperature-controlled storage facility at Georgia. This expansion would increase the company’s Georgia-based facility network to fifteen and add more than 90 million cubic feet of capacity in the Southeast U.S.

Preferred Freezer Services (PFS) is a temperature-controlled warehousing and logistics services-providing company that offers a wide range of temperature-controlled cold storage facilities and other cold chain services to various food industries, worldwide. It offers intermodal, less than truckload, truckload, and drayage services. The company focuses on increasing its market share through expansions and joint ventures. For instance, in September 2015, Preferred Freezer Services set up a new facility in Lynden, Washington, U.S., to expand its footprint. The facility would cater to the increasing demand of the local agricultural market. Also, in September 2012, Preferred Freezer Services formed a joint venture with Sinotrans Logistics Limited (China) and established a new logistics company called Sinotrans PFSYiDA Logistics (HK) Co. Ltd, in Shanghai, China. The new joint venture provided customers with temperature-controlled transportation and distribution services throughout Shanghai. The company is also investing in advanced engineering temperature control warehouses to improve warehouse management systems. As the demand for fresh fruits & vegetables, meat, seafood, and temperature-sensitive food items is increasing across the globe, the company is expected to witness a rapid growth in its services.

Related Reports:

Cold Chain Market by Type (Refrigerated storage, Transport), Temperature Type (Chilled, Frozen), Technology (Air blown, Eutectic), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy, Meat, Fish & Seafood), and Region - Global Forecast to 2022

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