APLL Automotive Intermodal Overview September 2015

Kintetsu World Express and NOL entered into a “sale and purchase” agreement of APL Logistics on 2/17/15 Company Structure

APL launched Stacktrain in 1984, as a division of American President Lines, to enhance inland intermodal transportion via double stack services. The automotive industry in the United States quickly embraced the service, and used it increasingly in import and export operations of auto parts. The use of this service also spread to the interior of the United States, because of its efficiency, reliability, and cost savings. When OEMs built new automotive assembly plants in Mexico in the early 1990’s, Stacktrain expanded the double stack system to support the traffic between the United States and Mexico. This facilitated the supply of assembly parts via intermodal service and allowed OEMs to realize greater supply chain savings in the growing NAFTA corridor. Intermodal Stacktrain History: “We started it”

Dedicated automotive intermodal services with 98.34% on-time reliability Deep NAFTA corridor expertise with proven performance Forward looking, data-based, and proactive intermodal service approach Intermodal transportation solutions that leverage the NOL group’s position as a top customer to multiple Class 1 railroads Award winning contingency management Managing over 123,937 shipments(containers) in 2013 Managing over $350 million in Intermodal transportation spend Automotive Intermodal Services

What APLL does for GM, Ford, Chrysler and our Tier 1 customers :  Proactively manage truck/rail intermodal movements of parts and racks  Integrate multiple railroads and dray carriers to provide seamless service  Provide Automotive operating experience  Seasoned experienced professionals operating in a “just in time” production environment  Commitment to excellence with award winning contingency management  Proven recovery capabilities in crisis scenarios

Centralized Operations Management Center for Automotive in Farmington Hills, MI Mexico, U.S. and Canadian staffing, operations and infrastructure Service available 24 hours, 7 days/week, 365 days/year Dedicated “customer specific” service agents “On-site” APLL staffing provided per customer’s requirements Extensive knowledge of automotive industry and associated operating requirements Daily customs / broker interface activity Decision making support (data-based analysis & forecasting ) On-line access with all major service partners and customers Comparative OTR lane conversion analysis Intermodal Operations/Customer Service

6  More Fuel Efficient – Rail movements are 4x more fuel efficient than truck moves  Lower Emissions – The typical truck generates 3x more nitrogen oxides and particulates per ton mile than a locomotive  Less Highway Congestion – A single intermodal train can take up to 280 loads off the highway  Partner with a recognized environmental leader – APL Logistics is a multi-year recipient of the U.S. Environmental Protection Agency’s SmartWay Transport Partner award – Together with APL/NOL, winner of numerous industry awards on environmental leadership in the transportation & logistics sector Intermodal transport can help contribute to your company´s sustainability objectives

7 Why APLL for your shipments?  Industry leader in Supply Chain services  Retail market leader in Mexico North-South Intermodal service, with a strong reputation and proven performance in serving the highly service-sensitive Automotive sector  Our Intermodal services leverage multiple underlying rail carriers that connect the major manufacturing & consumption centers in both the U.S. and Mexico  Intermodal provides a reliable, cost-effective, environmentally friendly solution for your long-haul shipments  Truck Brokerage option serves locations outside core Intermodal lanes or for when faster transits are required  Unlike most U.S. domestic competitors who depend on 3 rd party equipment or Mexican partners, we can leverage our strong company-owned and managed infrastructure in the US and Mexico to ensure service integrity Proven Performance Broad Service Coverage Bi-Modal Capability Established Infrastructure