NAIOP, a commercial real estate development association, has honored Union Pacific with its Chairman's Award for UP's new $400 million Strauss Yard railroad facility near Santa Teresa, N.M. "For the first time, New Mexico will have a key inland port, positioning the area as a strategic focal point for goods movement in the southwestern United States," according to a video that was aired at the awards ceremony. Construction of the Class I's intermodal transportation hub will create 3,000 jobs during the build out, which should be finished next year.

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