FINANCIAL RESULTS FOR FY2022 2ND QUARTER

On 9/15/22, a tentative agreement was reached between rail carriers and unions averting a potential work action on 9/16. Since this tentative agreement was reached, there have been multiple ratification votes by the membership of the 12 unions in negotiation with the National Carriers' Conference representing the rail carriers.

This is to provide update to the Schedule Recovery Measures that were in place on TransPacific Service EC5. As outlined below, a number of changes were previously implemented on this string in order to properly recover schedule integrity.

Due to heavy delays for intermodal rail deliveries of transpacific eastbound cargo via PSW ports, “change of destination” (COD) administrative charges will be waived when changing destination on bills of lading from an ”intermodal rail point” routed via Los Angeles, Long Beach, or Oakland (PSW) to local PSW ports.

Please be advised that Union Pacific (UP) has announced a new requirement for High- Security Seals to be affixed to all Intermodal containers. UP anticipates this requirement to become effective Mid-2023.

This is to provide update to the Schedule Recovery Measures that were in place on TransPacific Services EC1, E2, and PN4.

This is to inform you that restrictions will be implemented on some Inbound Cargo to Japan during the upcoming New Year’s Holiday.