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0.000222182723071504 0.000222182723071504 0.000755421258443014 0.00333274084607181 0.00164415215072878 0.000466583718450134 -0.00253288304301455 -0.00328830430145743
Stock impact report

Stonepeak Acquires 2.3 Million Square Foot Logistics Portfolio in Houston, Texas [Yahoo! Finance]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Yahoo! Finance
announced the acquisition of six logistics assets totaling 2.3 million square feet in Houston, Texas. The assets are strategically located less than 8 miles from Port Houston, which lifts 3.8 million TEUs annually and is the fifth-largest container port in the United States. Port Houston is investing $1.7 billion over the next five years to modernize and expand its existing facilities. Houston's transport infrastructure is further supported by an extensive rail network anchored by Union Pacific, BNSF, and CPKC. Houston has seen positive demographic trends, with a population of 7.5 million that has grown three times the national average since 2014 and trailing 12-month job growth of 2.3% compared to the national average of 1.6%. "We are thrilled to add these high-quality assets to our port logistics platform, which has grown rapidly over the past year," said Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak. "We continue to believe in the power of supply Show less Read more
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