Transportation/Logistics April Domestic Truck, Intermodal, and Rail Trends

May 1, 2013

Domestic freight trends below-seasonal into April, consistent with March-end. Easter
timing and cold spring weather have tempered retail trends, while industrial trends have
moderated, creating a softer-than-expected start to 2Q13 demand; though some carriers
remain optimistic that delayed retail demand will support volumes in May/June.

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