Number Crunch

Why a Cold-Storage Logistics Company Has a Unicorn Valuation

Investors are hot for the business of keeping things cold

The text “$18 billion: The valuation of Lineage Logistics, a company specializing in refrigerated storage Source: The Wall Street Journal” next to the “Number Crunch” logo. Behind the text there is an illustration of icicles.

$18 billion: That’s the recent valuation of Lineage Logistics, a Novi, Michigan-based company that is now the world’s largest temperature-controlled warehouse and storage firm (as gauged by total space), according to…