The Corn Refiners Association ( CRA ) is a trade association based in Washington, D.C. It represents the corn refining industry in the United States. Corn refining encompasses the production of corn starch , corn oil , and high-fructose corn syrup (HFCS).
92-697: The CRA opposed the merger of the Union Pacific and Southern Pacific railroads on the grounds it would reduce competition and raise shipping prices. In 2004, the CRA worked with the University of Illinois and the Agricultural Research Service to create computer models of ethanol production costs. In 2019, the United States Department of Agriculture (USDA) proposed rules that would streamline
184-526: A Germany -based grain trading firm. In 1989, ADM purchased Collingwood Grain Inc. based in Hutchinson Kansas, adding 48 million bushels of grain storage at 36 terminal elevators. Dwayne Andreas stepped down from his position as CEO in 1997 and was succeeded by his nephew G. Allen Andreas. The transition occurred a year after the company pleaded guilty to price-fixing . In 2001, Paul B. Mulhollem became
276-453: A class action antitrust suit. The Informant is a nonfiction thriller book based on this event, which was later adapted into the 2009 film The Informant! . A noteworthy case of transfer mispricing came to light in 2011 in Argentina involving the world's four largest grain traders: ADM, Bunge , Cargill and LDC . Argentina's revenue and customs service began an investigation into
368-436: A consensus recommendation. The company moved its headquarters to Chicago in 2014. That same year, ADM completed its acquisition of Toepfer International , Germany's largest grain trader, and renamed the company ADM Germany GmbH. The company also announced that it would buy Swiss-German natural ingredient company Wild Flavors for $ 3 billion, a move aimed at expanding ADM into health-oriented food sectors. ADM announced
460-597: A credit crunch, but not bankruptcy. As boom followed bust, the Union Pacific continued to expand. A new company, with dominant stockholder Jay Gould , purchased the old on January 24, 1880. Gould already owned the Kansas Pacific (originally called the Union Pacific, Eastern Division, though in essence a separate railroad), and sought to merge it with UP. Through that merger, the original "Union Pacific Rail Road" transformed into "Union Pacific Railway". Extending towards
552-617: A hump. Union Pacific also closed facilities in Kansas City ("Neff yard"), Hinkle, Oregon , and Pine Bluff, Arkansas in 2019. Union Pacific has owned some of the most powerful locomotives. These include members of the Challenger-type (including the 3985 ), and the Northern-type (including the 844 ), as well as the Big Boy steam locomotives (including the 4014 ). Union Pacific ordered
644-627: A linseed crushing business in Minneapolis, Minnesota . George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company. The new corporation had total assets exceeding $ 11 million and controlled just over
736-483: A location closer to the company's soybean processing operations. At this time, it was already considered one of the world's largest agribusiness company, with a labor force of more than 24,000 employees. Dwayne Andreas was named CEO of ADM in 1970, and two years later was elected chairman of the company's board. Under his leadership, Archer Daniels Midland acquired many smaller agricultural companies and expanded into international markets, eventually becoming one of
828-451: A new Union Pacific "Railroad". In the early 20th century, Union Pacific's focus shifted from expansion to internal improvement. Recognizing that farmers in the Central and Salinas Valleys of California grew produce far in excess of local markets, Union Pacific worked with its rival Southern Pacific to develop a spoilage-resistant rail-based transport system. These efforts came culminated in
920-428: A number of units were repainted with a large, billowing American flag with the corporate motto "Building America" on the side, where the 'UNION PACIFIC' lettering is normally positioned. Until 2017, UP operated some locomotives still in the paint scheme of their former railroads. In addition, some locomotives were renumbered by UP, varying in the degree of the previous railroads' logos being eradicated, but always with
1012-446: A partnership on regenerative agriculture projects that would increase the practice across their North American supply chains and help the companies meet carbon reduction goals. In July 2023, ADM launched an expansion of the program, which offers producers financial incentives and technical support to implement regenerative practices. As of December 2023, the company had allocated nearly 2 million acres of land within its supply chain for
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#17328697308881104-552: A rail safety organization founded in 1970. As of December 2023, the Union Pacific had 7,175 locomotives on its active roster consisting of 42 different models. Union Pacific continues to use a small number of "heritage" steam locomotives and early streamlined diesel locomotives. This equipment is used on special charters (excursions). Union Pacific maintains a fleet of low-emissions locomotives. Most are used in Los Angeles basin rail yards, to satisfy an air quality agreement with
1196-491: A takeover, with details "unclear" at the time. At that point, Bunge had a market value of about $ 9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017. In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made. In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services. The next year,
1288-532: A third (35%) of the total linseed mill capacity within the United States. In 1924, ADM was listed on the New York Stock Exchange . A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927. In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which
1380-512: A three-year memorandum of understanding with Daimler AG and Bayer CropScience to explore the use of jatropha as a feedstock for biofuel . Natural flavors were added to ADM's product portfolio with the 2014 acquisition of Wild Flavors and vanilla products were added through the acquisition of Rodelle in 2018. Long known as a food and ingredients company, it has also invested in fuel production. ADM nearly doubled capital spending in its 2007 budget to an estimated $ 1.12 billion. The increase
1472-464: A yellow patch applied over the locomotive's former number and a new UP number applied on the cab. That allowed UP to number locomotives into its roster without spending the time and money necessary to perform a complete repaint. In May 2015, UP rostered 212 "patches", consisting of: In 2017, Union Pacific decided to repaint all locomotives which were not in the current corporate colors. As of March 2018, only 41 locomotives remained unpainted. From
1564-464: Is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois . The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food , beverage , nutraceutical , industrial , and animal feed markets worldwide. ADM ranked No. 35 in
1656-866: Is named in honor of George H. W. Bush , the US 41st President and is exhibited at the George H. W. Bush Presidential Center at Texas A&M University in College Station, Texas. The locomotive, custom painted in the colors of GWH Bush's Air Force One is the only UP locomotive not painted in traditional Armour yellow. The engine also pulled the president's funeral train on his final journey to College Station in 2018. The Union Pacific system includes hundreds of yards. Most are flat yards used for local switching. Other types of yards include intermodal terminals and hump yards. Most UP intermodal terminals are typically ports, but UP also has inland terminals for transfers to trucks, such as
1748-464: Is planned for bioenergy projects, focusing on bioethanol and biodiesel . The oilseeds processing segment includes global activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds (cottonseed, sunflower seed, canola, and flaxseed) into vegetable oils and protein meals. The first quarter of 2020, during the COVID-19 pandemic , saw
1840-696: Is the principal operating company of Union Pacific Corporation , which are both headquartered at the Union Pacific Center , in Omaha, Nebraska . The original company, the "Union Pacific Rail Road", was incorporated on July 1, 1862, under the Pacific Railroad Act of 1862 . President Abraham Lincoln had approved the act, which authorized railroad construction from the Missouri River to the Pacific to ensure
1932-603: Is the second largest railroad in the United States after BNSF , with which it shares a duopoly on transcontinental freight rail lines in the Western , Midwestern and West South Central United States. Founded in 1862, the original Union Pacific Rail Road was part of the first transcontinental railroad project, later known as the Overland Route . Over the next century, UP absorbed the Missouri Pacific Railroad ,
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#17328697308882024-501: The New York Sun , Union Pacific's largest construction company, Crédit Mobilier, had overcharged Union Pacific; the railroad would then pass the inflated costs on to the United States government. To convince the federal government to accept the increased costs, Crédit Mobilier had bribed multiple congressmen. Several prominent UP board members (including Durant) had been involved in the scheme. The ensuing financial crisis of 1873 led to
2116-660: The Center for Science in the Public Interest stated HFCS "is chemically or enzymatically degraded to glucose ... High-fructose corn syrup just doesn't exist in nature." The claim that HFCS is safe in moderation has also been criticized, as HFCS is used in tens of thousands of products in America. Lisa McLaughlin from Time responded by saying "unless you're making a concerted effort to avoid it, it's pretty difficult to consume high-fructose corn syrup in moderation." In September 2010,
2208-484: The Central Pacific Railroad line, which had been constructed eastward from Sacramento, California . The combined Union Pacific–Central Pacific line became known as the first transcontinental railroad and later the Overland Route . The line was constructed primarily by Irish labor who had learned their craft during the recent Civil War . Under the guidance of its dominant stockholder, Thomas C. Durant ,
2300-754: The Chicago & Northwestern trackage starting in 1936. Disputes over trackage rights and passenger revenues with the C&NW prompted the UP to switch to the Milwaukee Road for the handling of its streamliner trains between Chicago and Omaha beginning in late 1955. The last intercity passenger train operated by UP was the westbound City of Los Angeles , arriving at Los Angeles Union Station on May 2. Since then, Union Pacific has satisfied its common carrier requirements by hosting Amtrak trains. Many Amtrak and commuter rail routes use Union Pacific rails. This list excludes
2392-554: The Clean Air Act that require pollution control upgrades when a plant is modernized. The company paid $ 4.5 million in penalties and more than $ 6 million to support environmental projects. In addition, ADM agreed to eliminate more than 60,000 tons of emissions of carbon monoxide , particulate matter , volatile organic compounds , and other pollutants from 42 plants in 17 states, at a cost of hundreds of millions of dollars. ADM reported Total CO 2 e emissions (Direct + Indirect) for
2484-801: The FCPA . Alfred C. Toepfer International Ukraine Ltd. (ACTI Ukraine), plead guilty in the Central District of Illinois to one count of conspiracy in violation of the anti-bribery sections of the FCPA. They agreed to pay $ 17.8 million in fines. The Department of Justice also entered into a non-prosecution agreement with ADM due to the company's failure to implement a system of internal financial controls, addressing improper payments both in Ukraine and by an ADM joint venture in Venezuela. ADM agreed to pay more than $ 36 million to settle
2576-572: The Missouri Pacific and Western Pacific railroads, and 1988, the Missouri–Kansas–Texas . By 1993, Union Pacific had doubled its system to 17,385 miles (27,978 km) routes. By then, few large (class I) railroads remained. The same year that Union Pacific merged with the Chicago and North Western (1995), Burlington Northern and ATSF announced merger plans. The impending BNSF amalgamation would leave one mega-railroad in control of
2668-578: The Missouri–Kansas–Texas with UP 1988 , the Chicago and North Western with UP 1995 , the Southern Pacific with UP 1996 , and the Denver and Rio Grande Western with UP 1989 . In October 2005, UP unveiled SD70ACe 4141 , commissioned in honor of George Bush . The locomotive has " George Bush 41" on the sides and its paint scheme resembles that of Air Force One . It was sent into storage in 2007, but returned in 2018 to power Bush's funeral train . It
2760-647: The National Linseed Oil Trust for violating the Sherman Antitrust Act . Several co-defendants were named, including the Archer-Daniels Manufacturing Company. The suit alleged all of these companies were acting in collusion to raise prices, citing a spike in linseed oil costs between 1916 and 1918, when the price rose from $ .50 per gallon to $ 1.80. In 1993, the company was the subject of a lysine price-fixing investigation by
2852-629: The Post , ADM "sold the land at a small fraction of its estimated value just as it stood to benefit from a friendly secretary of agriculture." In 2020, ADM's board agreed to have bonuses of senior executives tied to the nutrition segment's success—a unit which accounts for less than 10 percent of the company's revenue—replacing the standard practice of tying the award to adjusted earnings. In January 2023, its seven top executives collectively received shares worth about $ 72 million for exceeding those performance metrics. In January 2024, ADM disclosed that
Corn Refiners Association - Misplaced Pages Continue
2944-527: The Russian invasion of Ukraine and the global food crisis . The company has been the subject of several major federal lawsuits related to air pollution . In 2001, it agreed to pay a $ 1.46 million fine for violating federal and Illinois clean-air regulations at its Decatur feed plant and to spend $ 1.6 million to reduce air pollution there. In 2003, the company settled federal air pollution complaints related to its efforts to avoid New Source Review provisions of
3036-461: The U.S. Justice Department . Senior ADM executives were indicted on criminal charges for engaging in price-fixing within the international lysine market. In a tape played at the trial, ADM's President said that a single phrase inspired the company: "Our competitors are our friends. Our customers are the enemy." Three of ADM's top officials, including vice chairman Michael Andreas were eventually sentenced to federal prison in 1999. Moreover, in 1997,
3128-653: The Western Pacific Railroad , the Missouri–Kansas–Texas Railroad and the Chicago, Rock Island and Pacific Railroad . In 1995, the Union Pacific merged with Chicago and North Western Transportation Company , completing its reach into the Upper Midwest . In 1996, the company merged with Southern Pacific Transportation Company , itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad . The Union Pacific Railroad Company
3220-448: The first diesel streamliner , the largest fleet of turbine-electric locomotives in the world , and the largest diesel locomotives ever built (including 6936 ). The yellow paint scheme was introduced in the spring of 1934. Engineers claimed the visibility of yellow would reduce grade crossing accidents. In 1941, UP introduced its yellow and gray color scheme with red highlights, which remains in use today. The middle two-thirds of
3312-477: The 1906 founding of Pacific Fruit Express , soon to be the world's largest lessee of refrigerated railcars . Meanwhile, Union Pacific worked to construct a faster, and more direct substitute for the original climb to Promontory Summit . In 1904, the Lucin cutoff opened, reducing curvature and grades. The original route would eventually be stripped of track in 1942 to provide war scrap . To attract customers during
3404-465: The 2023 Fortune 500 list of the largest United States corporations. The company also provides agricultural storage and transportation services. The American River Transportation Company along with ADM Trucking, Inc., are subsidiaries of ADM. ADM has been the subject of significant media attention and infamy over the years with its various scandals, one inspiring a novel and subsequent film The Informant! . In 1902, John W. Daniels started
3496-598: The 22% recommendation rating from Glassdoor.com. When Union Pacific bought out the Chicago & North Western in 1995, it inherited the railroad's Metra commuter rail services in the Chicago metropolitan area : the Union Pacific North Line to Kenosha, Wisconsin , Northwest Line to Harvard, Illinois , and West Line to Elburn, Illinois , all of which operate from Ogilvie Transportation Center (the former North Western Station–a name still used by many Chicago residents). In order to ensure uniformity across
3588-428: The CRA applied for permission to use the name "corn sugar" in place of high fructose corn syrup on food labels for products sold in the United States. Time stated that the CRA's decision to change the name of HFCS was because HFCS had such a bad reputation. In response to the proposed name change, The New York Times ran an article asking nutrition experts what they would suggest as appropriate names for HFCS. Three of
3680-681: The Chicago area commuter rail system, trains are branded as Metra services and use Metra equipment. However, Union Pacific crews continue to operate the trains under a purchase-of-service agreement. In 2023, UP announced its intentions to surrender the control and operation of commuter rail services and trains in Chicago to Metra , however the UP would retain ownership and control of the right-of-ways of former Chicago & Northwestern lines radiating from Chicago. Between 1869 and 1971, Union Pacific operated passenger service throughout its historic "Overland Route". These trains ran between Chicago and Omaha on
3772-525: The Decatur capture and storage project. In March 2023, the Decatur City Council voted unanimously to allow ADM to expand its carbon sequestration program onto city land, with the company paying the city $ 450 per acre of land. The agreement enabled ADM to inject liquified carbon dioxide into "pore space" 1.25 miles under land owned by the city of Decatur. In September 2022, PepsiCo and ADM established
Corn Refiners Association - Misplaced Pages Continue
3864-521: The Decatur facility had actually increased from 4.2 million tons of carbon dioxide in 2016, the year before the project launched, to 4.4 million in 2019. The United States Department of Energy responded that the agency wasn't concerned about the project reaching the stated goals, as ADM successfully demonstrated that the storage technologies work and could be utilized for future projects. In August 2021, ADM announced that its US flour milling operations had achieved net carbon neutral status, in part due to
3956-590: The Department of Energy's office of fossil fuel, the majority of which was slated for the Industrial Carbon Capture and Storage (ICCS) program. Through this ICCS initiative, the Department of Energy co-sponsored two large-scale capture and storage projects at ADM facilities in Illinois. These projects were intended to test the feasibility of underground disposal of carbon dioxide emissions. In November 2011,
4048-562: The Great Depression, Union Pacific's chairman W. Averell Harriman simultaneously sought to "spruce up" the quality of its rolling stock and to make its unique locations more desirable travel destinations. The first effort resulted in the purchase of the first streamlined train : the M-10000 . The latter resulted in the Sun Valley ski resort in central Idaho ; it opened in 1936 and finally
4140-754: The IL-CCS project involved storing that same amount in only one year. The Department of Energy contributed $ 141 million to the project, while the private sector cost share amounted to over $ 66 million. Other partners included Richland Community College and the Illinois State Geological Survey. In November 2020, Investigate Midwest reported that the Illinois Industrial Carbon Capture and Storage Project had not reached its milestone of one million tons stored and had only stored approximately half that amount, and that carbon emissions from
4232-681: The Pacific Northwest, Union Pacific built or purchased local lines to reach Portland, Oregon . Towards Colorado, it built the Union Pacific, Denver and Gulf Railway : a system combining narrow-gauge trackage into the heart of the Rockies and a standard gauge line that ran south from Denver, across New Mexico , and into Texas. The Union Pacific Railway would later declare bankruptcy during the Panic of 1893 . The resulting corporate reorganization reversed Gould's name change: Union Pacific "Railway" merged into
4324-526: The SEC's charges, bringing the total amount paid to over $ 54 million. The Swiss NGO Public Eye elaborated the case. In 2021, an investigation by the Washington Post found that ADM had sold land to incoming Secretary of Agriculture Sonny Perdue in 2017 at a fraction of its estimated value. Ethics lawyers had legal and ethical concerns about the sale, questioning whether it amounted to bribery. According to
4416-405: The Union Pacific", which is painted in a scheme to honor the United States armed forces. On June 6, 2019, Union Pacific unveiled SD70ACe 1111, the "Powered By Our People" unit. In April 2021, Union Pacific repainted an SD70M into a commemorative paint scheme called "We Are ONE" to honor Juneteenth and Pride Month. UP also has a collection of locomotives painted for Operation Lifesaver ,
4508-528: The agricultural processing industry. ADM investor services, Inc. is a registered futures commission merchant and a clearing member of all principal commodities exchanges in the U.S. ADM Investor Services International, Ltd., a member of commodity exchanges and clearing houses in Europe, and ADMIS Hong Kong Limited, offer broker services in Europe and Asia. In 1920 the US Department of Justice brought suit against
4600-429: The appointment of current CEO Juan R. Luciano on November 5, 2014. Luciano initially joined the company in 2011 as chief operating officer. Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business. In October 2015, ADM announced the sale of its global cocoa business to Olam International . The sale
4692-556: The case is still ongoing: "[A]s of December 31, 2018, Bunge's Argentine subsidiary had received income tax assessments relating to 2006 through 2009 of approximately 1,276 million Argentine pesos (approximately $ 34 million), plus applicable interest on the outstanding amount of approximately 4,246 million Argentine pesos (approximately $ 113 million )." On December 20, 2013, the SEC announced that it had charged ADM for failing to prevent illicit payments ( bribes ) made by its foreign subsidiaries to Ukrainian government officials in violation of
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#17328697308884784-421: The commuter services the company directly operates in Chicago (see above). On June 28, 2004, a UP train collided with an idle BNSF train in a San Antonio suburb . In the course of the derailment, a 90-ton tank car carrying liquified chlorine was punctured. As the chlorine vaporized, a toxic "yellow cloud" formed, killing three and causing 43 hospitalizations. The costs of cleanup and property damaged during
4876-474: The company acquired a trademark for "ADM" and began referring to itself by those initials. In 1965, ADM registered the original patent for textured vegetable protein and began producing the soy flour product at its Decatur East Plant by 1966. In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM. In 1969, ADM relocated its headquarters from Minneapolis to Decatur, Illinois ,
4968-500: The company announced it was consolidating the ag services and oilseed units. In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $ 450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery. Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein , and completed its acquisition of Deerland Probiotics & Enzymes. In 2022, ADM saw rising profits due to
5060-475: The company was fined $ 100 million, the largest antitrust fine in U.S. history at the time. Mark Whitacre , FBI informant and whistleblower of the lysine price-fixing conspiracy, would also find himself in legal trouble for embezzling money from ADM during his time as an informant for the FBI. In addition, according to ADM's 2005 annual report, a settlement was reached under which ADM paid $ 400 million in 2005 to settle
5152-607: The company's chief executive officer. In February 2007, Woertz was elected chairman of the board at ADM. In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp , an Australian grain firm with a network of storage and port facilities in Australia. On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach
5244-608: The company's president. In December 2001, ADM completed the first U.S. commercial sale to Cuba since the embargo was imposed in October 1960. The next year ADM sponsored a major agribusiness show in Havana, where the company signed a $ 10 million contract with Cuba’s food import agency, Alimport, to deliver rice, cooking oil, and soy. In March 2006, G. Allen Andreas announced he was stepping down as CEO. Later, in May 2006, Patricia A. Woertz became
5336-701: The eastern terminal was moved to a location where the Union Pacific could link up with the Mississippi and Missouri Railroad in Iowa. Following the Act's passage, commissioners appointed by Congress began selling stock in the federally chartered Union Pacific Railroad Company. By 1863, Durant had organized the purchase of 2,000 shares, the prerequisite amount of stock sold in order to begin the railroad's construction. The resulting track ran westward from Council Bluffs, Iowa , to meet in Utah
5428-565: The extent that the FRA, in a letter to UP's CEO, said "safety of railroad operations is paramount ... decisions that comprise that fundamental ... are unacceptable. You must ensure that highly trained and experienced personnel perform critical inspections and repairs .... Your railroad (layoffs) are far outpacing any of your Class 1 peers." In 2024 the railway celebrated 150 years of having its headquarters in Omaha. The railway's Big Boy #4014,
5520-618: The first of these projects, the Illinois Basin - Decatur Project (IBDP), began operation. The project involved injecting carbon captured at an ADM biofuel facility into Mount Simon Sandstone , a saline reservoir. This project was carried out by the Midwest Geological Sequestration Consortium at the University of Illinois. The Department of Energy provided $ 66.7 million in funding, with other funding coming from private partners. After three years of injection, it
5612-456: The five experts recommended alternate names, including Michael Pollan who suggested "enzymatically altered corn glucose". Dr Andrew Weil recommended not changing from HFCS, calling the term corn sugar "too vague" and the CRA's attempt to change HFCS's name " Orwellian ". However Dr. Barry Popkin felt that "corn sugar" was an appropriate term. In May 2012, the Food and Drug Administration rejected
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#17328697308885704-728: The food and beverage industry including sweeteners, starch, syrup, glucose (dextrose). Dextrose and starch are used by the Corn Processing segment as feedstocks for its bioproducts operations. In 2021, ADM was ranked second on the Top 50 Global Sweetener Companies list by FoodTalks. ADM's agricultural services segment uses its U.S. grain elevator, global transportation network, and port operations to buy, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo , oats, rice, and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for
5796-461: The four companies when prices for agricultural commodities spiked in 2008 and yet very little profit for the four companies had been reported to the office. As a result of the investigation, it was alleged that the companies had submitted false declarations of sales and routed profits through tax havens or through their headquarters. In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce
5888-448: The grounds that trade and consumer confidence in agricultural products could be compromised. The CRA launched a public relations campaign in 2008 called "Changing the Conversation about High Fructose Corn Syrup " (HFCS). Initial commercials stated that HFCS was "natural". Later ads stated HFCS is "made from corn ... and is okay to eat in moderation". In response to the claims HFCS is "natural", Michael Jacobson , executive director of
5980-520: The incident exceeded $ 7 million. Investigations of the Macdona incident revealed several serious safety lapses on the part of the Union Pacific and its employees, including employees not following the company's own safety rules. While the immediate cause of the derailment was the UP crew's "fatigue", chlorine tank cars had been improperly placed near the front of the train, a danger in the case of derailment. Archer Daniels Midland The Archer-Daniels-Midland Company , commonly known as ADM ,
6072-460: The information presented by CRA. In 1991, the Netherlands implemented trade barriers that affected American corn growers and refiners such as implementing a maximum allowable content for fat and starch that would have effectively ended the duty-free status of corn-based gluten meal by reclassifying most of it as animal feed. The tariffs would have been roughly $ 100-to-$ 175 per metric ton. The CRA opposed these trade restrictions. A compromise trade deal
6164-463: The late 1990s, Mexico erected trade barriers on corn-based sweeteners made in the United States and then implemented a 20% tax on soft drinks not flavored with Mexican sugar in 2002. This ignited a decade long dispute. The World Trade Organization eventually ruled that the soft-drink tax was illegal. Mexico and the United States reached an agreement to phase them out starting in October 2006 and ending in zero tariffs in 2008. The CRA expressed support for
6256-431: The local authorities. According to UP's 2007 Annual Report to Investors, at the end of 2007 it had more than 50,000 employees, 8,721 locomotives, and 94,284 freight cars. Broken down by specific type of car, owned and leased: In addition, it owns 6,950 different pieces of maintenance of way work equipment. At the end of 2007, the average age of UP's locomotive fleet was 14.8 years, the freight car fleet 28 years. UP
6348-483: The locomotive body is painted Armour Yellow , a color used by Armour and Company on the packaging of its meat products. A thin band of Signal Red divides this from the Harbor Mist Gray (a light gray) used for the body and roof above that point. There is also a thin band of Signal Red along the bottom of the locomotive body, but this color has gradually become yellow as new Federal Railroad Administration (FRA) regulations for reflectorized tape came into effect in 2005;
6440-404: The name change. In 2010, the CRA approached bloggers who run mom blogs , through the organization MomCentral.com. Bloggers were extended offers of $ 50 Wal-Mart gift certificates in exchange for writing about a CRA sponsored seminar that made the claims that high fructose corn syrup is safe and healthy. Several prominent bloggers criticized the CRA's methods as well as the bloggers who passed on
6532-426: The namesake of the city of Durant, Iowa , the first rails were laid in Omaha . The two lines were joined at Promontory Summit, Utah , 53 miles (85 km) west of Ogden on May 10, 1869, hence creating the first transcontinental railroad in North America. Leland Stanford, founder of the Central Pacific Railroad which itself eventually was merged with Union Pacific, himself drove the golden spike , inscribed with
6624-410: The operating profit of Ag Services and Oilseeds (ADM's biggest revenue segment) rise $ 422 million, or 1.2%. ADM's corn processing segment is engaged in corn wet milling and dry milling activities, with its asset base primarily located in the central part of the United States. The Corn Processing segment converts corn into sweeteners and starches, and bioproducts. Its products include ingredients used in
6716-625: The preliminary trade deal reached between the United States and China in December 2019. As of 2020, the president and CEO of CRA was John Bode. Members of the CRA include Archer Daniels Midland , Cargill , Ingredion , Roquette America, Inc. and Tate & Lyle Ingredients Americas. Union Pacific The Union Pacific Railroad ( reporting marks UP , UPP , UPY ) is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans . Union Pacific
6808-466: The program. Products include oils and meal from soybeans , cottonseed , sunflower seeds , canola , peanuts , flaxseed , Palm kernel , and DAG oil , as well as corn germ , corn gluten feed pellets, syrup , starch , glucose , dextrose , crystalline dextrose, high fructose corn syrup sweeteners , chocolate , ethanol , and wheat flour . End uses are consumption by people, livestock , and additives for fuel . In January 2008, ADM signed
6900-645: The recorded profits earned in the country. According to the country's revenue and customs service, the outstanding taxes amounted to almost US$ 1 billion. The companies involved have denied the allegations. To date, the Argentinian tax authorities have not replied to the Swiss NGO Public Eye ’s request regarding the current state of the case. In its 2018 annual report to the US Securities and Exchange Commission (SEC), Bunge mentioned provisions which suggest that
6992-627: The regulation of biotech crops including those that are genetically engineered. The rules would exempt such crops from regulation if the changes they introduce could have been made through traditional breeding methods. The proposed rules would give biotech firms three options: self-declaring their products as exempt, seeking an exemption letter from the UDSA, or asking the USDA to determine if the traits in question should be exempted or regulated. The CRA, along with other industry groups, strongly opposed this rule change on
7084-561: The second half of 2005 to the summer of 2006, UP unveiled a new set of six EMD SD70ACe locomotives in "Heritage Colors", painted in schemes reminiscent of railroads acquired by the Union Pacific Corporation since the 1980s. The engine numbers match the year that the predecessor railroad became part of the Union Pacific system. The locomotives commemorate the Missouri Pacific with UP 1982 , the Western Pacific with UP 1983 ,
7176-695: The stability of the Union throughout the American Civil War , but construction did not complete until after the conflict's conclusion. Under the original bill that formed the basis of the 1862 Pacific Railroad Act , the Union Pacific Railroad was to be built from the Nevada–Utah border in the west to the Colorado–Kansas border in the east. However, due to intense lobbying by Dr. Thomas Clark Durant ,
7268-602: The terminal in San Antonio that opened in 2009 or the one in Santa Teresa, New Mexico , that opened in 2014. In 2006, Union Pacific had 11 major active hump yards : In the late 2010s, Union Pacific began deactivating hump yards in favor of flat switching. In this, Union Pacific followed the industry-wide trend towards Precision Scheduled Railroading (PSR); railway executive Hunter Harrison explained that under PSR, few yards receive enough variegated traffic to necessitate
7360-473: The trucks (painted Aluminum from 1955 to 1982), underframe, fuel tanks and everything else beneath that line are also Harbor Mist Gray. Lettering and numbering are in Signal Red, with black outlines. Most locomotives have white-outlined blue "wings" on the nose, on either side of the renowned shield featuring white lettering on a blue background and, below it, red and white vertical stripes. Beginning in early 2002,
7452-457: The twelve months ending December 2022 at 15,630 Kt (-370 year over year). In April 2020, ADM announced that by 2035, the company intends to have reduced its greenhouse gas emissions by 25%, and its energy intensity by 15%. The American Recovery and Reinvestment Act of 2009 , the economic stimulus package developed in response to the Great Recession , included a $ 3.4 billion allocation for
7544-551: The west. To compete, UP merged with Southern Pacific , thereby incorporating D&RGW and Cotton Belt , and forming a duopoly in the West. The merged railroad took the Union Pacific name. As of 1999, the UP had 33,705 miles (54,243 km) of track, about 33,000 employees, nearly 7,000 locomotives and over 155,000 rail cars. In March 2024 Union Pacific layoffs caused concern at the Federal Railroad Administration to
7636-754: The words "to span the continent and wed the oceans." Subsequently, the UP purchased three Mormon -built roads: the Utah Central Railroad extending south from Ogden to Salt Lake City , the Utah Southern Railroad extending south from Salt Lake City into the Utah Valley , and the Utah Northern Railroad extending north from Ogden into Idaho . The original UP was entangled in the Crédit Mobilier scandal , exposed in 1872. As detailed by
7728-457: The world's largest agricultural processing companies. During this period, the company's soybean exports increased from $ 1.5 billion to $ 7 billion. In 1974, ADM made its first expansion into Europe and South America when the company acquired soybean plants in Holland and Brazil . In 1982, ADM established international grain operations when it purchased a portion of Toepfer International ,
7820-524: The world's largest operating steam locomotive, will visit 14 states in middle America in 2024. Twenty-five locomotives of Big Boy's size were fabricated during World War II, but only Big Boy survives. Its "Heartland of America" tour begins in August 2024 in Cheyenne, Wyoming, and visits Arkansas, Colorado, Illinois, Iowa, Kansas, Missouri, Nebraska, Oklahoma and Texas through October. Another locomotive, UP No. 4141,
7912-442: Was capable of producing 32,000 barrels of flour per day. In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil. The rapid development of similar extraction plants soon followed. By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees, and by 1952 the company was operating overseas and manufacturing over 700 products. In 1962,
8004-461: Was determined that the sandstone was accepting CO 2 in an easier fashion than was originally expected. In 2017, operations began on a larger project, the Illinois Industrial Carbon Capture and Storage Project (IL-CCS), which again involved injecting carbon into Mount Simon Sandstone, but this time at a different location and at a much higher volume. Whereas the first project involved injecting one million tons of carbon underground over three years,
8096-537: Was donated to the George H. W. Bush Presidential Library and Museum on November 8, 2019. On March 31, 2010, UP dedicated a specially painted GE ES44AC locomotive commemorating the centennial of the Boy Scouts of America . On September 28, 2010, UP dedicated a specially painted GE ES44AC locomotive, as a tribute to Susan G. Komen for the Cure . On October 19, 2017, Union Pacific unveiled SD70AH 1943, "The Spirit of
8188-485: Was ranked 134th on the 2019 Fortune 500 list of the largest United States corporations by revenue and had 41,967 employees. The Chief Executive Officer of Union Pacific since August 14, 2023, is Jim Vena , the President is Beth Whited, and the chairman of the board is Mike McCarthy. In 2019, Union Pacific has been rated the worst company to work for by 247wallst.com, citing Past CEO Lance Fritz's 12% approval rating and
8280-688: Was reached in 1992. The CRA has expressed strong support for the United States–Mexico–Canada Agreement (USMCA) free trade deal. The CRA and other trade groups sponsored the Farmers for Free Trade Motorcade for Trade. The motorcade traveled extensively through rural areas of the United States to promote approval of the USMCA. The motorcade was intended to raise awareness of the link between free trade and farm income and influence members of Congress, especially freshman lawmakers elected in 2018. In
8372-707: Was sold in 1964. Despite the fact that the M-10000 and its successors were among the first diesel locomotives, Union Pacific completed dieselization relatively late. In 1944, UP finally received delivery of its last steam locomotive: Union Pacific 844 . As the 20th century waned, Union Pacific recognized—like most railroads—that remaining a regional railroad would only lead to bankruptcy. On December 31, 1925, UP and its subsidiaries operated 9,834 miles (15,826 km) routes and 15,265 miles (24,567 km) tracks; in 1980, these numbers had remained roughly constant (9,266 route-miles and 15,647 track-miles). But in 1982, UP acquired
8464-489: Was valued at about $ 1.2 billion. Approximately 1,500 employees transferred to Olam with the sale. In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $ 127.5 million. In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins. The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about
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