• TPM25
  • March 2-5, 2025 | Long Beach Convention Center

Thomas Holt Jr.

Holt Logistics Crop.

President

Mr. Holt Jr.’s career spans over thirty years in the transportation services business including US domestic and marine logistics, US Jones Act marine transport, stevedoring, marine terminal, and distribution center logistics as well as domestic trucking.

Mr. Holt is currently President and CEO of Astro Holdings, Inc., a port related real estate holding company and Chairman of Holt Logistics Corp. He has been Chairman, President, and Chief Executive Officer of numerous maritime transportation and logistics businesses. He has also served as President and Chief Executive Officer of NPR, Inc., a large Jones Act marine transport carrier with five container vessels which carried cargoes to and from Puerto Rico. He is a member of the Philadelphia Maritime Society and the World Trade Association of Philadelphia. In addition, he serves on the CEO Council for Growth and an active member of the Chamber of Commerce for Greater Philadelphia.

Mr. Holt currently resides in Philadelphia, PA with his wife Angela. They have five children and eleven grandchildren.

Sessions With Thomas Holt Jr.

Tuesday, 5 March

  • 04:20pm - 05:00pm (PST) / 06/mar/2024 12:20 am - 06/mar/2024 01:00 am

    TPM Cold Chain: Investments in Cold Storage and Refrigerated Equipment — Capital Requirements

    The global cold storage market is expected to triple over the next 10 years, from $1.2 billion in 2022 to more than $3.8 billion in 2032, according to a recent report from Towards Healthcare. Driving the growth are a number of factors: rapidly increasing demand for perishable goods, including fresh fruit and vegetables, dairy products, meat, seafood, and frozen foods; globalization and trade trends that demand longer shipping times; and increasing demand for online grocery services. In North America, two providers dominate the cold-storage market: Lineage Logistics and Americold, with a fragmented group of regional companies making up the balance. As demands grow so does the need for new investment – in properties primarily, but also technology, equipment, and space at ports and terminals to limit spoilage that was so prevalent in the COVID era. On the equipment side, lower demand in 2023 put little stress on reefer availability, but that is likely to change soon. That's because the 288,000 reefer units that carriers acquired between 2008 and 2012 are now nearing retirement age, leading to replacement buying, according to Eskesen Advisory. Likewise, lower demand put little stress on port fluidity in 2023, but with new routing patterns resulting from disruption to services in the Suez and Panama canals, bunching could begin to occur at ports and terminals in the trans-Pacific trades. This session will assess the growth of the global cold-storage market, the warehouse and equipment investment outlook, and how technology is influencing improving efficiency for refrigerated shippers at ports and throughout the global cold chain. In the process, it will address the following questions:

    • What is the state of the cold-storage market, the inventory, and construction outlook?

    • Where is the greatest demand for new development and what’s driving it?

    • What is the investment outlook for new cold storage, equipment, technology, and ports?