Railroad Clearinghouse Update ACACSO –May 12th, 2010 Kansas City, MO Robert Sanford Manager Car Accounting Norfolk Southern Corp.

RCH Settlement Process Detail records submitted electronically to Railinc through Car Hire Data Exchange (CHDX) CHDX Summary Records (Type 9) are used to determine the net car hire position of each participant Net-Net Position reports produced by Railinc

Benefits Over 470 RCH Participants Single payment received between the 21st and 23rd of each month. Decreased collection issues Decreased costs from: Processing payments/receipts Reconciling accounts and bank statements Improved audit trail

Timeline Monthly RCH processing: 19th - CHDX details processed through RCH 20th – Net/Net Reports available by 10:00 A.M. 21st – For net payable participants, funds must be received by 11:30 A.M. 21st – For net receivable participants, funds are disbursed by 2:00 P.M. RCH processing will occur on the next business day for any date which falls on a weekend or holiday

Railinc Reports Railinc Single Sign On Website Address: https://www.railinc.com/sso RCH Application: Net/Net Report Participant List CHDX Application Negative Payable Table

RCH - Net/Net Report

RCH –Participant List

CHDX -Negative Payable

Current Status 1st RCH processing and settlement occurred on September 23rd, 2008 $50M average monthly settlement 82.1% of roads participating: 470 participating roads 102 non-participants (some are no longer active operating railroads) 7.9M CHDX records processed

Project Update Approved by EAC and RCH Board of Directors Private equipment owners (including TTX Company) Private participation voluntary Programming complete Participant testing complete 1st settlement scheduled for June 21st, 2010

Important Information and Contacts Mr. Warren Alvis - RCH Administrator 919-651-5001 warren.alvis@railinc.com Jim Pinson – General Questions 919-651-5047 james.pinson@railinc.com Robert Sanford – RCH TAG Chair 404-529-1011 robert.sanford@nscorp.com

Questions?