Posted on 07/16/2021 12:18:44 PM PDT by dynachrome
Union Pacific is temporarily suspending eastbound service from West Coast port terminals to its Global IV intermodal facility in Chicago to help ease “significant congestion” at inland terminals, especially Chicago, and at the ports. The suspension is aimed at helping ocean carriers reduce backlogs.
UP (NYSE: UNP) hopes this suspension, which will start on Sunday and last for about seven days, will not only help relieve port backlogs for Chicago-bound container traffic but also ultimately help address backlogs for containers destined to other markets.
The suspension applies to UP-served terminals at the ports of Los Angeles, Long Beach and Oakland, California, and Tacoma, Washington.
FreightWaves has been told that the suspension reportedly entails customers shipping IPI 20-foot or 40-foot equipment, not customers using domestic 53-foot equipment.
(Excerpt) Read more at freightwaves.com ...
Count on it.
One key reason I don’t think it will happen is that Warren Buffet is the biggest stockholder in BNSF. And, like all good Democrats, he thrives on the misery of others.
Trains are one of three components. The other two are containers and rail lines. Of the three, the most critical shortage is rail lines.
First we lost Guam when it tipped over from too much weight...
Now we’ll probably lose California...
Hard to see the downside...
Cut off all supplies to Chicongo, that will chill the rats down.
Considering that a couple years ago, there were prolly 200 UP engines sitting idle outside Missouri Valley, Iowa, quantity isn’t the issue.
“Wait, what? Stopping eastbound service from West Coast terminals is supposed to ease congestion with ocean carriers?”
yeah, i can’t figure it out either ... read the article multiple times to see if i was missing something ...
ok, i figured it out: Global III is a GIANT intermodal terminal located in Rochelle, IL (slightly west of Chicago near the junction of I-88 & I-39) that UP shut down two years ago because of lack of usage ...
the article was written by a moron, because it should have indicated that UP was SWITCHING west port freight FROM Global IV (in Joliet, IL - part of chicago metro area) TO the newly RE-opened Global III terminal west of Chicago ...
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