1. May 14, 2010 - ACACSO

2.  Founded in 1906  Purpose (from 1906 Articles of Association):  “to construct or acquire, maintain and operate a standard broad gauge railroad, with one or more tracks... of the length of ten miles or thereabouts... to a point of connection with other railroads now or hereafter constructed...”  “also switch or spur tracks necessary and convenient for the operation of said line and to connect it with the industries or business concerns now or hereafter established along, adjacent to or in the vicinity of said main lines...”

3.  Purpose (continued):  “to construct, establish, maintain and operate a Union Station for passengers or freight depots, or for both”  “to take and hold such real estate and railroad and other property as it may acquire by conveyance or by condemnation”

4.  KCT’s 12 Owners in 1910  The Atchison, Topeka an Santa Fe Railway  Chicago, Milwaukee and St. Paul Railway  The Chicago, Rock Island and Pacific Railway  St. Louis and San Francisco Railroad  Union Pacific Railroad  The Chicago and Alton Railroad  The Wabash Railroad  Missouri, Kansas and Texas Railway  The Missouri Pacific Railway  Chicago, Burlington and Quincy Railroad  The Kansas City Southern Railway  Chicago Great Western Railroad

5.  Opened in 1914  850,000 Sq. Feet  Passenger traffic peaked in 1945 at nearly 700K  Housed KCT offices through the 1980s  Deeded to the city in 1994  Redeveloped via a bi-state sales tax passed in 1996

9.  Track and signal maintenance contracted to Santa Fe  Switching services and yard/industry track assigned to Gateway Western  Majority of KCT employees transfer to ATSF or GWWR rolls  Dispatching, real estate and contract management become KCT’s main focus

10.  3.2 miles elevated, double-track corridor on the east side of Kansas City, MO  $75M in bonds issued through a new Transportation Corporation in cooperation with the Missouri Highway Commission  Bonds guaranteed by BNSF & UP  Completed in 2000

14.  Double-deck, double-track bridge spanning the Kansas River  Part of structure originally built in 1911  Spans in both Kansas and Missouri  One of UP’s primary coal routes  Financed through $57M bond offering  Bonds guaranteed by the UP  Completed in 2004

18. Effectuated 3-level grade separation on KCT property just east of BNSF’s Argentine Yard Spans in both Kansas and Missouri Part of BNSF’s Transcon corridor Financed through $59M bond offering Bonds guaranteed by the BNSF Completed during 2004

24.  KCTL formed  Began operations on March 1, 2006 upon expiration of 1994 GWWR agreement  Contract with Watco to perform switching services and maintain yard and industry track  Serve 30 customers including Proctor & Gamble, Advantage Metals (Nucor) and International Paper

26.  Ownership  UP 42%  BNSF 25%  KCS 17%  NS 8%  IC&E/CP 8%

27.  95 track miles  20 Employees (14 in dispatching)  2009 Revenue of $38M  $17M - joint facility reimbursements  $13M - special project assessments  $8M - switching revenue  $205M assets  $165M net PP&E

28.  As KCT progresses in its second century of operations, it continues to strive to expedite rail traffic in the most safe, efficient and cost- competitive manner to ensure the future success of its owners, customers and other stakeholders. As always, at the KCT, our motivations are driven by SAFETY FIRST.

29. Questions?