Traffic originated

Railway Age, August, 2004

TRAFFIC ORIGINATED

CARLOADS                   WEEK 28 ENDING JULY 17, 2004

MAJOR U.S. RAILROADS

By commodity                  2004      2003   % Change

Agricultural products       36,724    39,185      -6.3%
Chemicals                   36,506    33,975       7.4%
Coal                       133,296   129,582       2.9%
Forest products             17,997    17,609       2.2%
Metallic ores & min.        36,444    31,592      15.4%
Motor veh. & equip.         10,492    14,094     -25.6%
Nonmetallic min. & prod.    41,324    40,972       0.9%
Other carloads              15,429    14,479       6.6%
Total cars loaded          328,212   321,488       2.1%

CANADIAN RAILROADS

By commodity                  2004      2003   % Change

Agricultural products       13,069    11,091      17.8%
Chemicals                   14,622    12,921      13.2%
Coal                         7,475     7,511      -0.5%
Forest products             10,896    10,565       3.1%
Metallic ores and min.       4,780     4,837      -1.2%
Motor veh. & equip.          2,604     4,125     -36.9%
Nonmetallic min.& prod.      5,055     4,986       1.4%
Other carloads               2,044     1,908       7.1%
Total cars loaded           60,545    57,944       4.5%

U.S./Canadian totals       388,757   379,432       2.5%

U.S. TOTAL                 28 weeks: 9,343,743 *
                             % change from 2003: 3.7%
CANADIAN TOTAL             28 weeks: 1,876,715 *
                             % change from 2003: 8.8%
U.S./CANADIAN TOTAL        28 weeks: 11,220,458 *
                             % change from 2003: 4.5%

MEXICO (TFM reporting)

All commodities              8,021     7,256      10.5%

TOTAL                      28 weeks: 238,830 * % change from 2003: -0.8

INTERMODAL UNITS           WEEK 28 ENDING JULY 17, 2004

U.S.TRAFFIC

Trailers                    55,381    49,037      12.9%
Containers                 160,439   145,455      10.3%
Total units                215,820   194,492      11.0%

CANADIAN TRAFFIC

Trailers                     2,558     3,899     -34.4%
Containers                  40,450    39,615       2.1%
Total units                 43,008    43,514      -1.2%

U.S./Canadian total        258,828   238,006       8.7%

U.S. TOTAL                 28 weeks: 5,729,945 *
                             % change from 2003: 9.1%
CANADIAN TOTAL             28 weeks: 1,159,786 *
                             % change from 2003: 0.1%
U.S./CANADIAN TOTAL        28 weeks: 6,889,731 *
                             % change from 2003: 7.5%

MEXICO (TFM reporting)

Trailers                       441       548     -19.5%
Containers                   2,726     2,897      -5.9%
Total units                  3,167     3,445      -8.1%

Total                      28 weeks: 100,206 *
                             % change from 2003: -0.6%

Estimated ton-miles (billions),

                           U.S. Class I railroads

Week 28                       2004      2003   % change
                              29.5      28.7       2.8%

Totals 2004                2004: 58.4 * 2003: 57.2 * % change 2.1%

Source: "Weakly Railroad Traffic," Association of American Railroads