OMAHA, Neb., April 29, 2021 /PRNewswire/ -- Union Pacific
today announced that it is building a state-of-the-art grain
transload facility within its Global IV intermodal terminal in
Joliet, Illinois that will reduce
supply-chain costs for agricultural producers and processors. The
Union Pacific Global IV Transload facility will be managed by JCT,
which is a 50/50 joint venture between Consolidated Grain and Barge
Co. and Gavilon Grain, LLC.
Union Pacific Global IV Transload will be open to all Midwest
agricultural producers and processors, expanding connection
opportunities to both empty containers and Union Pacific's
extensive West Coast port terminal network. Regional producers and
processors will be able to transport their product by truck to
Global IV, where it will be transloaded into intermodal marine
containers for shipment by rail to West Coast ports, then loaded
onto ocean carriers and shipped to overseas markets. The program
will offer greater access to containers for exporters and faster
turnaround times for ocean carriers and their containers.
Construction began this month, with an estimated completion by Q4
2021. Once fully operational, the terminal will have the capacity
to process 50,000 containers per year.
"This facility will support the regional agriculture economy by
providing reduced supply-chain costs and efficient loading support
for exporting grain products, whole grains and oilseeds," said
Kari Kirchhoefer, Union Pacific Vice
President – Marketing and Sales Premium. "By colocating on site at
G4, we create greater efficiencies within the supply chain."
About Union Pacific
Union Pacific (NYSE: UNP) delivers
the goods families and businesses use every day with safe, reliable
and efficient service. Operating in 23 western states, the company
connects its customers and communities to the global economy.
Trains are the most environmentally responsible way to move
freight, helping Union Pacific protect future generations. More
information about Union Pacific is available at www.up.com.
About Consolidated Grain and Barge Co.
Consolidated
Grain and Barge Co., a wholly owned subsidiary of CGB Enterprises,
Inc., is headquartered in Covington,
Louisiana, and operates an extensive network of grain
facilities across the Midwest. In addition to grain
facilities, CGB Enterprises, Inc. has dedicated operations in
logistics and transportation (CTLC), agri-finance (AGRIfinancial
Services), soybean processing, producer risk management, and other
related businesses. For more information on CGB Enterprises, Inc.
and its family of businesses, please visit www.cgb.com.
About Gavilon Grain, LLC
The Gavilon Group, LLC
connects producers and consumers of food, feed and fuel, linking
agricultural supply with demand through its global supply chain
network. The company provides origination, storage and handling,
transportation and logistics, marketing and distribution, and risk
management services to customers and suppliers across the
globe.
A wholly owned subsidiary of Marubeni Corporation, Gavilon
employs more than 1,900 people at nearly 300 facilities and offices
worldwide. For more information, please visit www.gavilon.com.
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SOURCE Union Pacific Corporation