Union Pacific (NYSE: UNP) is hoping to attract more intermodal customers in the Upper Midwest now that it has an intermodal terminal in Minneapolis.
The Union Pacific (UP) Twin Cities Intermodal Terminal has opened, and intermodal service to Minneapolis will start in January, UP said Friday.
The new offering consists of domestic intermodal service between the Twin Cities and Los Angeles, UP said.
“We are excited to introduce an intermodal terminal strategically located in the heart of the Minneapolis-St. Paul metropolitan area that offers efficient access to Union Pacific’s intermodal network,” said UP’s Kenny Rocker, executive vice president for marketing and sales. “This new marketplace alternative will give regional shippers and receivers fast, direct and reliable intermodal service to key markets.”
UP will evaluate additional service expansion opportunities into the Twin Cities terminal throughout 2021.
According to the Minnesota Department of Transportation, the other Class I railroads serving the Minneapolis area are BNSF (NYSE: BRK), CN (NYSE: CNI) and Canadian Pacific (NYSE: CP).
Short lines include the Minnesota Commercial, Progressive Rail and the Twin Cities and Western.
Subscribe to FreightWaves’ e-newsletters and get the latest insights on freight right in your inbox.
Click here for more FreightWaves articles by Joanna Marsh.
Related articles:
Union Pacific seeks to sweat its assets
Union Pacific sets all-time quarterly record for operating ratio