Loup Logistics Acquires Phoenix Transload Facility
On January 25, 2022, Loup Logistics, a Union Pacific Railroad subsidiary, announced the acquisition of Precision Components Inc. (PCI Reload) in Phoenix, Arizona, finalized on December 30, 2021. This acquisition enhances Loup's transloading, storage, and trucking services in the Phoenix area, positioned on a 100+-acre facility with significant rail and storage capacity, processing over 8,000 rail cars and 38,000 trucks annually. Loup aims to build on PCI Reload's legacy of excellent customer service and expand its market reach, supporting economic growth in Arizona.
- Acquisition of PCI Reload enhances Loup's service offerings in the Phoenix market.
- Facility has significant capacity with 125,000 square feet of covered storage and three miles of rail.
- Acquisition expected to fuel growth and improve customer access to transloading services.
- None.
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.
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.
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SOURCE Union Pacific Railroad
FAQ
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