Investment
Logistics Investment
Cold logistics — 3PL, port cold storage, reefer trucking and last-mile — offers recurring contracted revenue with lower CAPEX intensity than manufacturing plays.
3PL contract length
3 – 10 years
EBITDA margins
12 – 22%
Asset turn
1.5 – 2.5x
Investment thesis
- E-commerce grocery and quick-commerce accelerate demand.
- Port cold storage is a chokepoint asset.
- Reefer telematics reduces claims and enables premium contracts.
Key risks
- Contract concentration.
- Driver shortages and fleet electrification transition.
FAQ
Are port cold storage assets bankable?
Yes — usually the strongest cash flow profile due to captive demand and long contract with terminal operators.