OMAHA, Neb., July 26, 2017 /PRNewswire/ -- It's something rarely seen in the international shipping industry – a new startup. Union Pacific and SM Line Corporation, an international ocean carrier based in South Korea, teamed up to move products from global shippers specializing in electronics and appliances across the railroad's network. A new Inside Track story published today on the company's website outlines why this is good news for consumers.
"International intermodal is typically a mature business; we're used to seeing long-term stakeholders, such as K Line and Evergreen," said Union Pacific's Assistant Vice President of International Intermodal Mark Simon. "You just don't see a startup happen this quickly."
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. In the last 10 years, 2007-2016, Union Pacific invested approximately $34 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.