Reported about 7 hours ago
FreezPak Logistics has opened its first West Coast facility in the Los Angeles area, featuring 150,000 square feet of freezer and refrigerated spaces. This strategic location will enhance cold chain logistics services for temperature-sensitive goods due to its proximity to major ports. Meanwhile, cold storage giant Lineage faces challenges as its stock prices drop, prompting layoffs despite a strong initial public offering last year. Additionally, grocery stores are adapting to shifts in consumer spending influenced by the growing popularity of GLP-1 drugs, which have caused declines in frozen food sales.
Source: YAHOO