Union Pacific has opened the Twin Cities Intermodal Terminal in Minnesota with intermodal services expected to begin in January 2021.
The new service will feature domestic intermodal service between the Twin Cities and Los Angeles, expanding its customers’ reach to key Upper Midwest markets.
The terminal will serve the Minneapolis – St. Paul region providing efficient access to Union Pacific transport network.
“We are excited to introduce an intermodal terminal strategically located in the heart of the Minneapolis – St. Paul metropolitan area. This new marketplace alternative will give regional shippers and receivers fast, direct and reliable intermodal service to key markets,” said Kenny Rocker, executive vice president – Marketing and Sales at Union Pacific.
The U.S. operator has the largest intermodal network in North America, with the most direct services from coast to coast. It will evaluate additional service expansion opportunities into the Twin Cities Intermodal Terminal throughout 2021.
The Union Pacific intermodal terminal is located at 525 Kasota Avenue SE in Minneapolis. The terminal works from Monday to Friday from 8 am to 6 pm while in weekend is available for four hours, from 8 am to 12.
The company operates 24 intermodal facilities across the United States of America including the new one.
In the third quarter of 2020, company’s operating revenue of USD 4.9 billion was down 11%, compared to the similar period of 2019. Third quarter business volumes, as measured by total revenue carloads, decreased 4% compared to 2019. Premium volumes increased compared to 2019, while industrial and bulk declined. In addition, quarterly freight revenue declined 11%, compared to third quarter 2019, as core pricing gains were more than offset by lower volumes, a less favorable business mix, and decreased fuel surcharge revenue.
In the third quarter of 2020, on intermodal segment, Union Pacific recorded a 20,096 million tonne-mile revenue, representing a 10% increase compared to the similar period of 2019 (18,216 million tonne-mile). The year-to-date statistics, in 2020 the operator’s revenue on tonne-miles (millions) decreased by 2%, from 56,540 tonne-miles (millions) to 55,344 tonne-miles (millions).