With cold storage warehouse space in the US jammed to capacity from coast to coast, the pace of temperature-controlled industrial warehouse acquisitions, expansions and new facilities will accelerate in 2022.
The demand for freezer space at cold storage warehouses may soon exceed their capacity as US consumers who have gotten used to purchasing groceries online during the pandemic continue to stuff their refrigerators with frozen food.
A 70-percent increase in the cost of shipping perishable goods in refrigerated trucks also is intensifying the demand for last-mile cold chain facilities across the country. The per-mile rate for refrigerated trucks hit $4.97 this month, up from a rate of $2.93 in 2020, before the supply-chain crunch developed during the pandemic.
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