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Union Pacific Constructing Chicago-Area Transload Facility For Agricultural Producers
Union Pacific(NYSE: UNP) is constructing a grain transload facility near Chicago to benefit Midwest agricultural producers and processors and reduce their supply chain costs.
The company is building the facility within its Global IV intermodal terminal in Joliet, Illinois. The Union Pacific Global IV Transload Facility will be managed by JCT, a 50-50 joint venture between Consolidated Grain and Barge Co. and Gavilon Grain.
The terminal will have a capacity of 50,000 containers per year. Construction started in April and should finish in the fourth quarter of 2021.
Union Pacific (UP) says the terminal will expand connection opportunities to both empty containers and its West Coast port terminal network. Regional producers and processors seeking to export products such as whole grains and oilseeds will be able to truck their products to Global IV, where they will then be transloaded into