Destination Storage Changes Effective February 1, 2024

Announcement Number: PR2023-141
Categories: All Premium
Posted Date: December 1, 2023

Dear Intermodal Customer,

Union Pacific is modifying our storage policy to simplify the destination storage charges outlined in Intermodal Terms and Conditions (ITC) Section C.12.

Effective February 1, 2024, all calendar days will be included in calculating free time and storage charges, including Saturdays, Sundays and holidays. If an intermodal terminal is closed for an entire calendar day, for any reason, that day will not be included in the free time or storage charge calculations.

Revised language for ITC Section C.12 will be as follows:

Destination Storage. Once Union Pacific notifies the Notify Party that the Intermodal Unit is grounded and available for Outgate, Free Time will start at 0001 the day following the day of notification. All days are included for calculating Free Time, including Saturdays, Sunday, and holidays. If an Intermodal Terminal is closed for an entire calendar day for any reason, that day will not be included in the Free Time calculations. Domestic Traffic will be granted 24 hours of Free Time and International Traffic will be granted 48 hours of Free Time. Upon expiration of Free Time, any Intermodal Unit held at a Union Pacific Intermodal Terminal will be assessed a Storage Charge. Once Storage Charges commence, every day thereafter is subject to Storage Charges (including Saturdays, Sundays, and holidays). If an Intermodal Terminal is closed for an entire calendar day for any reason, that day will not be included in the Storage Charge calculations. Storage Charges will not be waived due to failure of the Notify Party to provide notification to Customer or Broker. Any Commodity or Intermodal unit that is left on Union Pacific's property in excess of sixty (60) days after the notification date will be considered abandoned and the contents forfeited to Union Pacific.

Please contact your Union Pacific Sales Representative with any questions.

Sincerely,

Union Pacific Premium Business Team