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Investor Presentaiton

Agenda ■ Welcome and Introductions Study Overview and What We've Heard ■Route Development and Evaluation Methodology ■ Identification of Routes Approach for Development of Route Service Development of Capital and Operations and Maintenance Cost Estimates Implementation Timeframe Feedback Ongoing Long-Distance Collaboration and Planning Closing and Next Steps U.S. Department of Transportation Federal Railroad Administration 5 FRA LONG-DISTANCE SERVICE STUDY

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