Union Pacific UNP

In the news release, Viterra announces intent to build grain elevator in Dalhart, Texas, issued 26-Jun-2024 by Viterra Canada Inc. over PR Newswire, we are advised by the company that the third, fourth and fifth paragraphs have been updated. The complete, corrected release follows:

Viterra announces intent to build grain elevator in Dalhart, Texas

OMAHA, Neb., June 26, 2024 /PRNewswire/ - Viterra has announced its intent to build a grain facility in Dalhart, TX, enabling the company to strengthen its service to customers in West Texas. The new facility will include a state-of-the-art grain handling system and loop track served by Union Pacific Railroad's 32,000-mile network.

"As local demand for grain increases, this investment will allow us to market and move product more efficiently to customers in the West Texas area," stated Rayner Freyberg, CEO US & Mexico for Viterra. "As we've shown with our previous investments in the area, Viterra is committed to serving its growers and customers and finding solutions in an ever-changing landscape."

With its loop track served by the Union Pacific Railroad, the facility in Dalhart is expected to provide greater market access for producers and end users throughout Viterra's supply chain.

"Union Pacific appreciates and values the relationship we have with Viterra to provide safe and reliable service to this growing agricultural market for years to come," said Jason Hess, Senior Vice President – Marketing and Sales, Union Pacific Railroad. "We innovate for growth just like this, investing more than $10 million per day in infrastructure, technology and network expansion to provide solutions for our customers to win in the marketplace."

Anticipated to be complete in mid-2025, Viterra expects this new build to bring substantial benefits to Dalhart and the surrounding area, fostering economic growth and creating employment opportunities.

About Viterra

At Viterra, we believe in the power of connection. Our world-leading, fully integrated agriculture network connects producers to consumers with sustainable, traceable, and quality-controlled agricultural products. With more than 16,000 talented employees operating in 37 countries, our strategic network of storage, processing and transport assets enable us to offer innovative solutions and open pathways for our customers, creating successful partnerships that last. Together, we are stronger, and achieve more.

About Union Pacific

Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

IMPORTANT NOTICE CONCERNING THIS RELEASE INCLUDING FORWARD LOOKING STATEMENTS

This release contains, or incorporates by reference, statements that are, or may be deemed to be, "forward-looking statements", which are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, commitments, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy. Forward-looking statements can be made in writing but also may be made verbally.

By their nature, forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the control of Viterra or its subsidiaries. Forward-looking statements are not guarantees of future performance and may, and often do, differ materially from actual results.

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SOURCE Viterra Inc.