Union Pacific plans to open a new rail terminal near the ports of Los Angeles and Long Beach for shipping multimodal freight to the Chicago area. The rail operator will start with a “pop-up” operation which will “reduce truck traffic on California’s road” as well as “cut drayage costs” for importers. Union Pacific has seen a surge of multimodal traffic in 2021 with handling of containers and trailers up by 8.6% and 29.0% respectively in Q1’21 followed by growth of 34.8% and 52.3% in April. The year-over-year rise partly reflecting compar...