STOCK TITAN

STG Logistics and Union Pacific Railroad Extend Long-Running Partnership to Deliver Consumer Goods

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
STG Logistics and Union Pacific Railroad have extended their partnership to deliver consumer goods, enhancing supply chain efficiency and customer satisfaction.
STG Logistics e Union Pacific Railroad hanno rinnovato la loro partnership per la consegna di beni di consumo, migliorando l'efficienza della catena di approvvigionamento e la soddisfazione del cliente.
STG Logistics y Union Pacific Railroad han extendido su asociación para entregar bienes de consumo, mejorando la eficiencia de la cadena de suministro y la satisfacción del cliente.
STG 로지스틱스와 유니온 퍼시픽 철도는 소비재를 배송하기 위한 파트너십을 연장하여 공급망 효율성과 고객 만족도를 향상시켰습니다.
STG Logistics et Union Pacific Railroad ont prolongé leur partenariat pour la livraison de biens de consommation, améliorant ainsi l'efficacité de la chaîne d'approvisionnement et la satisfaction des clients.
STG Logistics und Union Pacific Railroad haben ihre Partnerschaft verlängert, um Konsumgüter zu liefern, was die Effizienz der Lieferkette und die Kundenzufriedenheit verbessert.
Positive
  • None.
Negative
  • None.

CHICAGO, April 17, 2024 /PRNewswire/ -- STG Logistics, a leading provider of transportation and logistics solutions, is pleased to announced an extended, long-term partnership with Union Pacific Railroad. The agreement builds upon three decades of STG and Union Pacific working together to deliver goods and products to consumers, while ensuring continuity and excellence within the nation's supply chain.

"We are extremely excited about this partnership," said Tyler Holtgreven, Senior Vice President of Operations with STG. "This new contract will help STG with our growth trajectory while continuing a relationship that reflects our values and our vision for the future of intermodal."

Moving freight by rail offers a variety of benefits, including reduced carbon emissions, making it an environmentally responsible option. Rail transportation also offers cost-effective solutions for long-distance freight hauling, leading to economic efficiency and sustainability for customers.

"We are proud of the long and successful history we share with STG Logistics," said Kari Kirchhoefer, Senior Vice President – Marketing and Sales, Union Pacific Railroad. "Our partnership is a reflection of our mutual commitment to providing safe, reliable and environmentally responsible service to our customers."

About STG Logistics

STG is a leading national containerized logistics services provider including asset-based intermodal transportation, marine and rail drayage, warehousing and CFS solutions and over the road FTL and LTL services. With over 35 years of experience in domestic logistics STG has access to every major rail ramp and port in the country. STG is a portfolio company of Wind Point Partners and Oaktree Capital Management.

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.

CONTACT:
Courtney McCrimmon
412-225-6899
cmccrimmon@gatesmanagency.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/stg-logistics-and-union-pacific-railroad-extend-long-running-partnership-to-deliver-consumer-goods-302119937.html

SOURCE STG Logistics

FAQ

What is the latest partnership announcement involving STG Logistics and Union Pacific Railroad?

STG Logistics and Union Pacific Railroad have extended their partnership to deliver consumer goods.

How long have STG Logistics and Union Pacific Railroad been working together?

STG Logistics and Union Pacific Railroad have been working together for three decades.

What is the focus of the extended partnership between STG Logistics and Union Pacific Railroad?

The extended partnership focuses on delivering goods and products to consumers, enhancing supply chain efficiency.

Union Pacific Corporation

NYSE:UNP

UNP Rankings

UNP Latest News

UNP Stock Data

141.98B
607.88M
0.21%
82.23%
0.74%
Line-Haul Railroads
Transportation and Warehousing
Link
United States of America
OMAHA

About UNP

The Union Pacific Corporation is a publicly traded railroad holding company. It was incorporated in Utah in 1969 and is headquartered in Omaha, Nebraska.