OMAHA, Neb., Jan. 25, 2022 /PRNewswire/ -- Loup Logistics
Company (Loup), a wholly owned Union Pacific Railroad subsidiary,
today announced the acquisition of the Precision Components Inc.
(PCI Reload) transload facility in Phoenix, Arizona. The deal was finalized
December 30, 2021, and offers
transloading, storage and trucking solutions to customers shipping
into and out of the Phoenix
market.
PCI Reload is a premier transload facility located in the heart
of Phoenix. The 100+-acre facility
includes 125,000 square feet of covered storage and three miles of
rail capacity, served by Union Pacific Railroad. The facility
processes over 8,000 rail cars and 38,000 trucks annually.
"PCI Reload helped fuel Arizona's economic growth by offering
transloading, inventory management and final-destination shipping
for a variety of industries," said Hal
Owens, president – PCI Reload. "We believe Loup is well
positioned to continue the PCI Reload tradition of exceeding
customers' expectations."
"Loup is excited about the growth potential this acquisition
provides to customers seeking access to the Phoenix market," said Josh Perkes, vice president – Loup. "Loup is
backed by a strong leadership team who will seek to maximize rail
throughput at the facility. We are focused on maintaining the
excellent reputation PCI has built over the past 60 years,
providing creative rail solutions and cost-effective transload
operations."
ABOUT LOUP LOGISTICS
Loup is a wholly owned subsidiary
of Union Pacific. With over 40 years of experience, Loup services
both manifest and premium customers, with a goal of connecting the
supply chains of non-rail served customers. Loup owns and operates
25 facilities across the western half of the U.S. and maintains
partnerships with over 800 third-party transloaders across
North America, offering their
customers access to an unparalleled transload network. More
information about Loup is available at www.louplogistics.com.
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.
www.up.com
www.facebook.com/unionpacific
www.twitter.com/unionpacific
ABOUT PRECISION COMPONENTS INC.
PCI Reload has served
as the premier Phoenix
transloading facility for 32 years offering transloading, inventory
management and final-destination shipping for a variety of
industries. Transloaded commodities include forest products, gypsum
products, structural steel, non-ferrous metals, food grade bulk,
feed grade bulk and bulk plastic resins.
This news release and related materials contain statements
about the Company's future that are not statements of historical
fact, including specifically the statements regarding the Company's
expectations with respect to economic conditions and demand levels;
its ability to generate financial returns, improve resource
productivity; enhancing the customer experience; implementing
corporate strategies; and providing excellent service to its
customers, returns to its shareholders and potential impacts of the
COVID-19 pandemic. These statements are, or will be,
forward-looking statements as defined within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements also generally
include, without limitation, information or statements regarding:
projections, predictions, expectations, estimates or forecasts as
to the Company's and its subsidiaries' business, financial, and
operational results, and future economic performance; and
management's beliefs, expectations, goals, and objectives and other
similar expressions concerning matters that are not historical
facts.
Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be
accurate indications of the times that, or by which, such
performance or results will be achieved. Forward-looking
information, including expectations regarding operational and
financial improvements and the Company's future performance or
results are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in the statement. Important factors, including risk
factors, could affect the Company's and its subsidiaries' future
results and could cause those results or other outcomes to differ
materially from those expressed or implied in the forward-looking
statements. Information regarding risk factors and other cautionary
information are available in the Company's Annual Report on Form
10-K for 2020, which was filed with the SEC on February 5, 2021. The Company updates information
regarding risk factors if circumstances require such updates in its
periodic reports on Form 10-Q and its subsequent Annual Reports on
Form 10-K (or such other reports that may be filed with the
SEC).
Forward-looking statements speak only as of, and are based
only upon information available on, the date the statements were
made. The Company assumes no obligation to update forward-looking
information to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information. If
the Company does update one or more forward-looking statements, no
inference should be drawn that the Company will make additional
updates with respect thereto or with respect to other
forward-looking statements. References to our website are provided
for convenience and, therefore, information on or available through
the website is not, and should not be deemed to be, incorporated by
reference herein.
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SOURCE Union Pacific Railroad