Investor Presentaiton

Value in Freight Rail Transportation HIGHWAY GRIDLOCK REDUCTION 100 00 A doublestack intermodal train removes +280 long-haul freight trucks from the highway WORKHORSE OF THE ECONOMY In the U.S., railroads account for approximately 40% of all freight (more than any other transportation mode) COST EFFICIENCY In general, shippers pay less for shipping per ton mile via rail than other forms of surface transportation $ - Source: Association of American Railroads (AAR) BNSF - SUSTAINABILITY Moving freight by rail instead of trucks reduces greenhouse gas emissions by an estimated 75% 17

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