To better serve customers, ADM integrating stevedoring operations into world-class logistics network

CHICAGO, Nov. 12, 2014 - Archer Daniels Midland Company (NYSE: ADM) announced today that it is restructuring its stevedoring operations in the Gulf of Mexico. The company's stevedoring assets and operations, currently part of a joint venture, will become part of ADM's integrated global logistics business. ADM will retain a minimum of 50 percent of the joint venture's assets, and intends to invest in additional equipment-including cranes-to enhance the company's stevedoring capabilities on the lower Mississippi.

"We look forward to expanding and strengthening the services-including bulk transfer stevedoring and crane service; fleeting, switching, boat and related harbor services; and linehandling and crewboat services-we offer customers on the lower Mississippi," said Scott Fredericksen, president, Transportation. "That offering is just one aspect of the comprehensive portfolio of logistics capabilities that we provide customers. ADM operates a global logistics network that includes 2,500 barges, more than 27,000 railcars, 600 trucks, 1,300 trailers, and more than 50 oceangoing vessels. Our customers on the Mississippi can depend on that network-and our expertise-to move their goods around the world efficiently."

ADM expects to retain the colleagues who operate the assets that transfer to ADM, as well as the colleagues who support those assets.

For more information on ADM's transportation and logistics capabilities, see www.adm.com/logistics.  

About ADM/ARTCO in Louisiana

ADM's operations in Louisiana involve agricultural processing and transportation and logistics, as the company sources crops and secures energy and transportation needs throughout the state. The company's river operations in the Gulf-managed by ADM subsidiary American River Transportation Company (ARTCO)-include 20 harbor and fleet vessels, a full-service shipyard, a barge washing and repair facility, and a stevedoring operation. ADM employs approximately 500 employees in the south Louisiana port system.

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