CRANDIC receives 2011 Win-Win Award
Partnership puts CRANDIC in national spotlight
Argus Rail Business has named the Cedar Rapids and Iowa City Railway Company (CRANDIC) and Archer Daniels Midland (ADM) recipients of the 14th annual Win-Win Award for 2011.
The honor recognizes the best railroad-shipper partnerships in the industry. CRANDIC highlighted its collaboration with ADM on the $540 million dry grind facility in Cedar Rapids, which opened in June 2010.
CRANDIC's partnership with ADM, its largest customer, dates back 40 years. The two companies entered into a long-term service and rate agreement in late 2005. "That assurance allowed us to invest our resources and proceed with millions of dollars in track improvements to meet ADM's current and future production demands," said Kevin Burke, CRANDIC vice president and general manager.
"The new ethanol plant created more than 400 new jobs. It was a win-win for Midwest crop producers, the corridor and the entire state of Iowa, Burke explained. "This award is icing on the cake."
Similiar praise came from ADM Director of North American Rail Operations, Jim Bobbit. "CRANDIC has proven time and time again their committment to to the highest level of service and have been a steadfast partner in helping us meet the food and biofuel needs of the world."
The award was presented May 25 at the North American Rail Shippers annual meeting in San Francisco.
CRANDIC is the only two-time winner of the Win-Win Award. In 1999 they were selected along with co-applicant Cedar River Paper/Weyerhaeuser.
CRANDIC, an Alliant Energy Transportation Company, serves 10 communities in Linn, Benton, Iowa and Johnson Counties.
Argus Media is the largest independent energy news and price reporting agency.