Freight Partners Update AASHTO - Council on Rail Meeting February 21, 2018 Jerry Vest, Senior Vice President, Government & Industry Affairs Genesee & Wyoming Railroad Services Inc.

Legislative Agenda for Short Line Railroads in 2018 Short Line Tax Credit Truck Size and Weight “Infrastructure”

Short Line Tax Credit Proven track record of very efficiently facilitating more investments in Class II and III lines Everyone benefits Broad support by stakeholders Fits concepts promoted for public incentive of private infrastructure investment

Short Line Tax Credit So, where are we?

Truck & Size Weight A continuing re-run of an issue One that has a potential for real harm to short line railroads But more importantly, could cause significant public harm

Infrastructure See “Short Line Tax Credit” An opportunity for the federal government to learn from state efforts already undertaken Short line industry eager to take part in these discussions