Americold Says Tariff Impact Limited, Offers Cautious Outlook

The cold storage warehouse and logistics operator still plans to expand its worldwide projects in the second quarter.
Americold Says Tariff Impact Limited, Offers Cautious Outlook
An Americold cool storage facility in Auckland, New Zealand, on Aug. 14, 2020. Fiona Goodall/Getty Images
Wesley Brown
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Atlanta-based cold storage warehouse and logistics operator Americold Realty Trust told Wall Street analysts on May 8 that tariffs and U.S. trade policy have had a limited “direct” impact on its fast-growing global operations, but are indirectly affecting its future growth.

Americold CEO George Chappelle said during the company’s first-quarter conference call that the Atlanta-based cold storage real estate investment trust (REIT) was updating its yearly guidance based on declining consumer confidence related to tariffs, rather than the Trump administration’s trade policy itself.

Wesley Brown
Wesley Brown
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Wesley Brown is a long-time business and public policy reporter based in Arkansas. He has written for many print and digital publications across the country.