Dow, Accredo, Union Tank Car, UP make freight rail news
June 2nd, 2020
June 2, 2020 - TRA Newswire -
Dow Chemical looks to sell Freeport TX rail-served terminal
Union Tank Car to convert Sheldon, TX facility to rail car repair
Accredo Packaging 32-acre Sugarland campus plans rail expansion
Union Pacific declares stock dividend
FREEPORT, TX.
Dow Inc. is exploring the sale of its ports on the U.S. Gulf Coast, including Freeport, Texas as it moves to refocus its chemical business. The Freeport marine and storage terminal is served by Union Pacific and the potential sale could include open land and unused tank capacity. Dow also wants to sell off six rail hubs it owns. Dow is looking for long-term partners for infrastructure critical to its manufacturing operations at six sites in North America including Houston and Corpus Christi.
SUGARLAND, TX.
Accredo Packaging, a supplier of plastic film for the prepackaged food and consumer products markets, expanded its 32-acre Sugar Land headquarters by nearly 60 percent. Three phases of project development at the site total $200 million. The third phase added two new rail spurs and 1,825ft of railroad track with a crossover and accommodations for drainage.
SHELDON, TX.
Union Tank Car Company (UTLX) will downsize and convert its railroad tank car manufacturing plant in Sheldon to a rail car repair facility. By August the company expects to cease manufacturing operations and switch to repairing rail cars. Around 350 people work at the repair facility and that number will drop to about 100 when the repair site becomes fully operational.
OMAHA, NB.
The Board of Directors of Union Pacific Corporation (NYSE: UNP) declared a quarterly dividend of 97 cents per share on the company's common stock, payable June 30, 2020, to shareholders of May 29, 2020. Union Pacific has paid dividends on its common stock for 121 consecutive years.
Dow Chemical looks to sell Freeport TX rail-served terminal
Union Tank Car to convert Sheldon, TX facility to rail car repair
Accredo Packaging 32-acre Sugarland campus plans rail expansion
Union Pacific declares stock dividend
FREEPORT, TX.
Dow Inc. is exploring the sale of its ports on the U.S. Gulf Coast, including Freeport, Texas as it moves to refocus its chemical business. The Freeport marine and storage terminal is served by Union Pacific and the potential sale could include open land and unused tank capacity. Dow also wants to sell off six rail hubs it owns. Dow is looking for long-term partners for infrastructure critical to its manufacturing operations at six sites in North America including Houston and Corpus Christi.
SUGARLAND, TX.
Accredo Packaging, a supplier of plastic film for the prepackaged food and consumer products markets, expanded its 32-acre Sugar Land headquarters by nearly 60 percent. Three phases of project development at the site total $200 million. The third phase added two new rail spurs and 1,825ft of railroad track with a crossover and accommodations for drainage.
SHELDON, TX.
Union Tank Car Company (UTLX) will downsize and convert its railroad tank car manufacturing plant in Sheldon to a rail car repair facility. By August the company expects to cease manufacturing operations and switch to repairing rail cars. Around 350 people work at the repair facility and that number will drop to about 100 when the repair site becomes fully operational.
OMAHA, NB.
The Board of Directors of Union Pacific Corporation (NYSE: UNP) declared a quarterly dividend of 97 cents per share on the company's common stock, payable June 30, 2020, to shareholders of May 29, 2020. Union Pacific has paid dividends on its common stock for 121 consecutive years.