Union Pacific says closed rail bridges to Mexico account for about half of cross-border shipments
Union Pacific said on Tuesday it was working to prevent congestion at the border, adding that it will be more difficult for cross-border trade to resume the longer these closures remain in effect. The company estimates that the overall economic impact of the closure will be more than $200 million per day.
![Union Pacific says closed rail bridges to Mexico account for about half of cross-border shipments](https://devdiscourse.blob.core.windows.net/imagegallery/27_06_2019_18_37_32_7527733.png)
Union Pacific Corp said on Tuesday that El Paso and Eagle Pass rail bridges, which were closed on Dec. 18 by U.S. border officials, account for about 45% of its cross-border shipments and include goods critical to the U.S. economy. The railroad operator said it is working closely with multiple government agencies to reopen the two border crossings, but flagged that the Department of Homeland Security did not have an estimated time of reopening.
Earlier in September, about 8,000 trailers carrying goods worth $1 billion were stranded on the U.S.-Mexican border after authorities shut down crossings and imposed extra security checks amid an increase in migration. Union Pacific said on Tuesday it was working to prevent congestion at the border, adding that it will be more difficult for cross-border trade to resume the longer these closures remain in effect.
The company estimates that the overall economic impact of the closure will be more than $200 million per day. Earlier this week, Union Pacific flagged that its other locations cannot handle the extra traffic.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
U.S. Faces Challenges in Reinstalling Gaza Aid Pier Amid Rough Seas
U.S. and South Korea Strengthen Nuclear Deterrence Against North Korea
The U.S. Soccer Coach Search: Is Jurgen Klopp the Answer?
Currency Volatility: Tokyo's Possible Intervention to Stabilize Yen Amid U.S. Inflation Report
Yen Wavers Amid U.S. Inflation Data and Speculation of Tokyo Intervention