Cannon Moss President & GM Norfolk Portsmouth Belt Line March 15, 2012 The First and Last Mile Cannon Moss President & GM Norfolk Portsmouth Belt Line March 15, 2012

Who We Are Class III Terminal Switching Railroad founded in 1897 Corporate headquarters in Portsmouth, VA Own 35 miles of track with an additional 27 miles of trackage rights Jointly owned by NS & CSX Operate in the Hampton Roads, Virginia communities of Portsmouth, Chesapeake and Norfolk

Our Business Handled 24,251 cars in 2011 (+2.6%) Bulk Products Grain, Ethanol & Chemicals Award our 7th straight Jake Award for Safety Last five have been with distinction

Issues We Face Government Regulation Urban Environment 51 road crossings, 24 of them public No room for expansion Mainline Bridge First bridge on the southern branch of the Elizabeth River (Inland Waterway System). International Markets Work closely with customers and the Virginia Port Authority

Grants Virginia Rail Preservation Grant Virginia Rail Industrial Access Grant Rail Enhancement Fund Aid to Local Ports Grant Highway-rail Grade Crossing Safety Improvement Program Tiger II Homeland Security Grants

Thank you