Border Closures Threaten Cross-Border Trade and Christmas Season

Union Pacific is urging the reopening of two key border crossings in Texas that have been closed due to the migrant crisis, warning that the continued closures will severely impact cross-border trade, especially during the holiday season. The company states that these crossings represent 45% of their cross-border business and include goods critical to the U.S. economy. Union Pacific is in close communication with government agencies and customers, emphasizing the need for immediate reopening. The closures have forced the company to embargo customers' goods on over 60 trains, affecting agricultural products, automotive parts, and consumer goods. Talks are ongoing in Washington about policy changes to secure funding for border security.