A planned intermodal container ramp in eastern Washington is back on track after finding a new investor.
Tri-Cities Intermodal LLC (TCI) announced Wednesday it had signed a lease/purchase agreement with Union Pacific (NYSE: UNP) to develop the 67-acre Tri-Cities Intermodal Center in Wallula, Washington.
PNW Capital has agreed to invest in the project, which aims to service UP’s customers at ports in Seattle and Tacoma, as well as customers as far east as Chicago. Terms of the investment were not...