The International Association of Refrigerated Warehouses (IARW), a core partner of the Global Cold Chain Alliance (GCCA), released the association’s annual Global Top 25 List of the largest temperature-controlled warehousing and logistics members. Accompanying the IARW Global Top 25 is the IARW North American Top 25 List and a list of the largest operators in Latin America and the Caribbean as well as Europe, reflecting the strength of the cold chain in both regions.
IARW members currently own or operate 5.54 billion cubic feet (156.83 million cubic meters). A total capacity of 399.6 million cubic feet was added to the Global Top 25, as a result of growth and M&A activity. Regions worldwide reported increased capacity and several new companies joined IARW in the past year. The lists are determined by total capacity of temperature-controlled space in IARW membership.
“We continue to see the evolution of the Top 25 list as a result of consolidation due to mergers and acquisitions in the industry,” said GCCA President & CEO Corey Rosenbusch. “Each year, company rankings shift with new companies coming on the list, including companies that didn’t even exist a few years ago.”
Additionally, Lineage Logistics’ acquisition of Preferred Freezer Services’ 390 million cubic feet is not reflected in this list as the transaction is not expected to be finalized until later this year. But the expected result of that acquisition is that Lineage will be 1.3 billion cubic feet and the largest operator in the world.