LOUISVILLE, Ky.--(BUSINESS WIRE)--A&R Logistics ("A&R") announced today that it has entered into a collaboration agreement with Union Pacific ("UP") to co-develop an export supply chain solution for the U.S. plastic resin industry. The project will be aimed at establishing a transportation and plastics packaging facility near UP's Dallas Intermodal Terminal to handle the anticipated significant increase in export plastic resins.
Commenting on the agreement, Mark R. Holden, CEO, stated, "Approximately $50 billion is expected to be invested in the U.S. over the next 10 years by the plastics industry to expand production. Thanks to growth in domestic shale gas production, the U.S. plastics industry is benefitting from feedstocks derived largely from natural gas. As a result, the export of plastic resins is expected to surge over the next decade. Net exports are expected to more than triple, growing from $6.5 billion in 2014 to $21.5 billion by 2030.”
Holden further commented, "A&R looks to develop a state-of-the art packaging facility and transportation related product to provide what we believe will be the most flexible and efficient supply chain for the export of plastic resins in the U.S."
About A&R Logistics
Headquartered in Louisville, KY, A&R Logistics, Inc. is a leading provider of dry-bulk transportation, packaging, distribution and logistics solutions to numerous multinational companies within the chemical and plastic industries. A&R provides a comprehensive suite of services including over-the-road transportation, trans-loading, packaging, warehousing and end-to-end outsourced transportation management through a nationwide network of 25 facilities, a combination of company-owned equipment and owner operators and a non-asset based transportation management division. For more information on A&R Logistics, Inc. please visit www.ARDoingItRight.com.