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KANSAS CITY, Kan.--(BUSINESS WIRE)--Union Pacific Railroad celebrated the grand opening of its newest intermodal terminal today in Kansas City, Kansas. This is the fourth intermodal facility Union Pacific has opened since 2021 as part of its ongoing commitment to quickly meet customers' needs and grow the railroad's intermodal footprint. The Kansas City Intermodal Terminal (KCIT) is strategically located near several key highway and interstate arteries that will provide shippers seamless access.
OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Railroad will launch a new, truck-competitive domestic intermodal service connecting Southern California's Inland Empire to the heart of Chicago, significantly boosting intermodal capacity. Beginning Sept. 3, this innovative service enhances the seamless connection from the Los Angeles Basin's most active warehouse district through Union Pacific's Inland Empire Intermodal Terminal (IEIT) directly to Chicago's Global 2 Intermodal Terminal. Customers wi.
America's industrial engine is built on logistics. Nowhere is this more apparent than in the petrochemical sector, where the ability to move high-value commodities like oil, natural gas, and other petroleum products efficiently across the country and to the world can make or break a company's bottom line.
Seven associations of shippers have reportedly expressed concern the planned deal would significantly increase the power of the merged railroad to raise prices or reduce service standards.
U.S. railroad customer groups have demanded regulators block or put onerous conditions on the proposed merger of Union Pacific and Norfolk Southern , the Financial Times reported on Sunday.
Senate Democratic Leader Chuck Schumer criticized Union Pacific's plan to acquire Norfolk Southern in a $85 billion deal to create the first U.S. coast-to-coast freight rail operator.
The Surface Transportation Board said on Wednesday that Union Pacific and Norfolk Southern have formally filed a notice of intent to combine, triggering the U.S. regulatory review process for a proposed $85 billion merger between the two major railroads.
Jim Chadwick, President of Ancora Alternatives, joins CNBC's Morgan Brennan to break down the Norfolk Southern–Union Pacific merger, how his proxy fight at NSC helped pave the way, and his investor playbook for the sector. Plus, what he thinks the next target for consolidation could be in rails.