Slide 2 of 21

THE RISING TIDE OF CHANGE

• U.S. global maritime trade projected to triple by 2020
  
• Port expansion projects face immense public resistance
  
• Intermodal container traffic volume in U.S. increased over 7% from 1998 to 1999
  
• 10,000 more trucks per day projected on I-95 corridor by 2010
  
• Cost of expanding U.S. highway system prohibitive
  
• New highway costs $32 million per mile (est.)
  
• New highway interchange costs over $100 million (est.)