Canadian Shipper March 2017

ĥ ƫĂĀāĈ

16#-*4)&% 4*/$& ] 83*55&/ '03 #6:&34 0' 53"/41035"5*0/ 4&37*$&4 16#-*4)&% 4*/$& ] 83*55 55 5&/ &/ '03 #6:&3 34 0' 53"/41035"5*0/ 4&37*$&4

ă

!/1(0/ƫ".+)ƫƫ +1.ƫĂĀāĈƫ $%. ƫ .05ƫ

+#%/0% /ƫ 1.2!5

ċƫ ƫ

.0*!./$%,/ƫ * ƫ ,.+#.!//

ƫ

ƫ ĕ ƫ ĕ

333ċ * % */$%,,!.ċ +)

When it comes to air freight, a global network helps you grow.

As your business grows, so does your need to access new markets around the world.

Air Canada Cargo continues to add cities to its global network in 2017, launching direct service to key cities like Mumbai, Taipei, Algiers, Berlin, Marseille and Nagoya starting this spring.

With 80 years of expertise, we proudly make the success of businesses like yours our mission.

aircanadacargo.com

ĥ ƫĂĀāĈ

āĀ

ĆƮħƮ %0+.Ě/ƫ +.3 .

5SVTUJOH JO USBEF TBZJOH HPPECZF

ƫ ƫ

ĈƮħƮ *ƫ0$!ƫ !3/ .BSJOF USBEFT 4IJQQFST DBO FYQFDU SJTJOH SBUFT JO

ġ ƫ

ăąƮħƮ !0.+/,! 0%2!

5SVDLJOH T FBSMZ GPSBZT JOUP GSFF USBEF

*0!.ƫ0$!ƫ$%#$(5ƫ $ .#! ƫ 0)+/,$!.!ƫ+"ƫ ƫ*!3ƫ ƫ )%*%/0. 0%+*ƫ1* !.ƫ +* ( ƫ .1),Čƫ0$!ƫ,+//% %(%05ƫ+"ƫ ƫ ƫ.!3.%0!ƫ * ƫ0%#$0!*%*#ƫ +. !.ƫ +*0.+(/ċƫ +3ƫ3%((ƫ 0$%/ƫ ""! 0ƫ * ġ ƫ0. !ĕ

ăĆƮħƮ + $%*#ƫ +.*!. $POUJOVJOH FEVDBUJPO BOE TLJMMT VQHSBEF B iMJGFMJOFw UP DBSFFS TVSWJWBM

ăĈƮħƮ */% !ƫ0$!ƫ 1) !./ 1VSDIBTJOH QMBOT GPS $BOBEJBO NPUPS DBSSJFST JO ăĉƮħƮ $!ƫ %##!.ƫ % 01.!

1SPUFDUJPOJTN WT QSJODJQMFT PG HMPCBMJ[BUJPO

ă ƫ

5IF MBUFTU $BOBEJBO 4IJQQFS BOE .. % 5IJSE 1BSUZ -PHJTUJDT TVSWFZ FYBNJOFT UIF QPQVMBSJUZ PG PVUTPVSDJOH BT B TPMVUJPO BEESFTTJOH TVQQMZ DIBJO DIBMMFOHFT

į '5 . .+ 1 0%+*ĥ% 0+ '

āĉ

ƫ2%!3ƫ+"ƫ0$!ƫ %* +(*ƫ +*1)!*0ƫ * ƫ ,%0+(ƫ 1%( %*#ƫ%*ƫ /$%*#0+*Čƫ ċ

āĆ

ƫ ƫ ƮħƮāĆ 64 $BOBEB USBEF IFBET JOUP B IJHIMZ DIBSHFE FOWJSPONFOU

ċƫ ƫ ƮħƮĂĆ 5PXBSET iFBTF PG OBWJHBUJPOw

ƫ ƫ ƮħƮĂĊ " XPSE GSPN $IBNCFS PG .BSJOF $PNNFSDF IFBE #SVDF #VSSPXT

ƫ ƫ ƮħƮăā 0NOJDIBOOFM SFUBJM BOE JUT QSFTTVSFT PO UIF TVQQMZ DIBJO 333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭă

Jaime Lobo Director, Panama Operation Center MOL (Panama) Inc.

VESSEL ON-TIME PERFORMANCE ASIA - U.S. WEST COAST • OCT - DEC 2016 TARGET: 100%

What’s behind a number?

People. People like Jaime Lobo. Professionals committed to the highest level of service. Whether it’s vessel planning, operations, stowage or ensuring vessels remain on schedule, a top-notch team is in place to deliver what you need when you need it.

Review all of our fresh KPI results at CountOnMOL.com.

ŏ ƫ

1(% ƫ 16!(&!2% $ . $ĥ ,.%(ƫĂĀāĈ +(1)!ƫāĂĀƫƫƫ //1!ƫ +ċĂ

1(% ƫ 16!(&!2% $ƫƫĨąāćĩƫĆāĀġćĉĉĀƫ &1(% Į*!3 +)ċ ƫ

+1ƫ )5.(%/ƫ (+1Į*!3 +)ċ ƫ ((%!ƫ + %*/+*ƫ !((%!Į*!3 +)ċ ƫ ..+((ƫ +.)% 'Čƫ !+ƫ 5 *Čƫƫ

)!/ƫ !*6%!/Čƫ +$*ƫ ċƫ )%0$Čƫƫ *ƫ 106#!.Čƫ !*ƫ .'ċ ƫ ƫ %) !.(5ƫ +((%*/ƫƫĨąāćĩƫĆāĀġćĈĈĊƫƫ '%)Į*!3 +)ċ ƫ ƫ . ƫ %*#

ƫ .5ƫ .1"%ưƫĨąāćĩƫćāąġĆĉăāƫ ) .5Į*!3 +)ċ

% 'ƫ .1'+3/'%ưƫĨąāćĩƫĆāĀġĆāĀĉƫ *% 'Į*!3 +)ċ

+!ƫ (%+** ƫĒƫ

%)ƫ (%+** ġ Čƫ !(%// ƫ 1))!."%!( ƫ čƫ

. !čƫ0.1),%*#ƫ%0ƫƫ * ƫ03! '%*#ƫ%0

F BSF QMFBTFE UP QSFTFOU ZPV XJUI B TUSPOH GPDVT PO DSPTT CPSEFS USBEF JO PVS .BSDI "QSJM JTTVF 1SJNF .JOJTUFS +VTUJO 5SVEFBV IFME IJT fiSTU NFFUJOH JO 8BTIJOHUPO JO 'FC SVBSZ XJUI 64 1SFTJEFOU %POBME 5SVNQ B NFFUJOH UIBU GPS UIF NPTU QBSU XBT TFFO BT QPTJ UJWF #VU BT MFHBM UFBN +PIO . 1FUFSTPO BOE 3JDIBSE ' 0 /FJMM PG /FWJMMF 1FUFSTPO --1 QVU JU XF BSF NPWJOH JOUP B AIJHIMZ DIBSHFE USBEF FOWJSPONFOU CFUXFFO $BOBEB BOE UIF 64 1FUFSTPO BOE 0 /FJMM TQPLF BU $BSHP -PHJTUJDT $BOBEB T 7BODPVWFS DPOGFSFODF FBSMZ JO 'FC SVBSZ BOE BSF GFBUVSFE JO PVS A$PNQMZ PS %JF GFBUVSF /PUXJUITUBOEJOH UIF VOEFSTUBOEBCMF UFOTJPO UIBU USBEF VODFSUBJOUZ DSFBUFT UIFZ BEWP DBUFE iTQFOEJOH MFTT UJNF TQFDVMBUJOH PO XIBU UIF OFX 64 BENJOJTUSBUJPO .*()5 EP IPX UIFZ NJHIU SFOFHPUJBUF /"'5" BOE NPSF UJNF LFFQJOH JO NJOE UIF UZQFT PG BEWPDBDZ ZPV DBO QBSUJDJQBUF JO HPJOH CBDL UISPVHI ZPVS DPNQMJBODF NFBTVSFT BOE NBLJOH TVSF FWFSZ POF PO ZPVS DPNQMJBODF UFBN JT VQ UP TQFFEu #JHHFS 1JDUVSF $PMVNOJTU -BVSJF 5VSOCVMM JO iThF EFFQ FOE PG /"'5"u MPPLT BU IPX TJHOJfiDBOU DIBOHFT JO /"'5" CZ UIF OFX 5SVNQ BENJOJTUSBUJPO JO UIF 64 BSF FYQFDUFE UP JNQBDU UIF PUIFS UXP USBEF QBSUOFST $BSSPMM .D$PSNJDL T GFBUVSF PO 64 USBEF MPPLT BU UIF GFBST PG JOEVTUSZ TUBLFIPMEFST BSPVOE SFOFHPUJBUJOH GSFF USBEF BHSFFNFOUT TVDI BT /"'5" BOE UIF OFFE GPS $BOBEB UP QSPUFDU JUT JOUFSFTUT BOE TFFL FWFO CFUUFS UFSNT UIBO UIPTF UIBU DVSSFOUMZ FYJTU UISPVHI TFFLJOH PVUDPNFT UIBU BSF XJO XJO TDFOBSJPT GPS BMM QBSUJFT u

ĉĀƫ ((!5 .++'ƫ .%2!Čƫ +.+*0+Čƫ ƫ ă ƫĂ Ċƫ * % *ƫ $%,,!.ƫ%/ƫ3.%00!*ƫ"+.ƫ * % *ƫ0. */,+.0 0%+*ƫ * ƫ (+#%/0% /ƫ ,.+"!//%+* (/ƫ 3$+ƫ ) * #!ƫ ,.+ 1 0ƫ "(+3ƫ ".+)ƫ ) *1" 01.!.ƫ 0+ƫ ,+%*0ġ+"ġƫ/ (!ċƫ %0ƫ+.% (ƫ %/ƫ "+ 1/! ƫ +*ƫ.!ƫ,+.0%*#Čƫ * (5/%/ƫ * ƫ%*0!.,.!0 0%+*ƫ+"ƫ *ƫ % *ƫ(+#ġ %/0% /ƫ0.!* /ƫ * ƫ%//1!/ċƫ 0ƫ%/ƫ,1 (%/$! ƫ 5ƫ ƫ ġ ƫ ƫ ċƫ

čƫ +*0 0ƫ1/ƫ 0čƫ) .5Į*!3 +)ċ ƫ !(čƫĨąāćĩƫćāąġĆĉăāƫƫ 4čƫĨąāćĩƫćāąġĉĉćāƫƫ ! /%0!čƫ * % */$%,,!.ċ +)ƫ Ĩ (% 'ƫ+*ƫ/1 ƫ/ .%,0%+*ƫ 100+*ĩ

ƫ čƫ * čƫ ĸćĆċĊĆƫ Őƫ ,,(% (!ƫ 0 4!/Čƫ ,!.ƫ 5! .Ďƫ ĸāĀĈċĊĆƫ Őƫ ,,(% (!ƫ 0 4!/Čƫ "+.ƫ 03+ƫ 5! ./ċƫ ċ ċ ċčƫ ĸāĀĈċĊĆƫ,!.ƫ5! .ċƫ ((ƫ+0$!.ƫ"+.!%#*čƫ ĸāĀĈċĊĆƫ,!.ƫ 5! .ċƫ %*#(!ƫ +,%!/ƫĸĉƫ!4 !,0ƫ"+.ƫ0$!ƫ **1 (ƫ +#%/0% /ƫ 15!./Ěƫ 1% !ƫĨ 1#ĩƫĸćĀċĊĆƫŐƫ ,,(% (!ƫ0 4!/ČƫĨ*+0ƫ%* (1 %*#ƫ ĩƫ ,(1/ƫĸĂċĀĀƫ"+.ƫ,+/0 #!ċƫ čƫ ĸćĉċċĊĆČƫ +.!%#*čƫ ĸćĉċĊĆƫ ƫĂĂĊĂġĂąĊĀƫĨ,.%*0ĩČƫ ƫĂĂĊĂġĂĆĀąƫĨ %#%0 (ĩČƫĨ *ƫ % *ƫ $%,,!.ċĩƫ * !4! ƫ 5ƫ * % *ƫ 1/ƫ%*!//ƫ !.%+ %ƫ (/ƫ * !4ċƫ .%*0! ƫ%*ƫ *ƫ ċƫ ((ƫ.%#$0/ƫ.!ƫ/!.2! ċƫ $!ƫ +*0!*0/ƫ+"ƫ0$%/ƫ ,1 (% 0%+*ƫ) 5ƫ*+0ƫ !ƫ.!,.+ 1 ! ƫ!%0$!.ƫ%*ƫ, .0ƫ+.ƫ%*ƫ"1((ƫ 3%0$+10ƫ0$!ƫ +*/!*0ƫ+"ƫ0$!ƫ +,5.%#$0ƫ+3*!.ċƫ

čƫ (! /!ƫ"+.3 . ƫ"+.)/ƫĂĊ ƫ * ƫćĈ ƫ0+čƫƫ ĉĀƫ ((!5 .++'ƫ .%2!Čƫ +.+*0+Čƫ *0 .%+Čƫ ă ƫĂ Ċƫƫ ! +* ƫ ( //ƫ %(ƫ !#%/0. 0%+*ƫ 1) !.ƫĀĈĂāċƫ

ƫ ƫ ƫąĀĀćăāĈĀ 8F BDLOPXMFEHF UIF GJOBODJBM TVQQPSU PG UIF (PWFSONFOU PG $BOBEB UISPVHI UIF $BOBEB 1FSJPEJDBM 'VOE PG UIF %FQBSUNFOU PG $BOBEJBO )FSJUBHF

$ *#!ƫ%/ƫ /ƫ#++ ƫ /ƫ ƫ.!/0 *U T WFSZ IBSE UP XSJUF UIFTF XPSET CVU UIJT XJMM CF NZ MBTU JTTVF BT &EJUPS PG $BOBEJBO 4IJQQFS "O PQQPSUVOJUZ DBNF VQ UIBU PffFSFE DIBOHF BOE HSPXUI BT XFMM BT UIF DIBODF UP TUBZ JO UIF MPHJTUJDT JO EVTUSZ BOE To I fiOE NZTFMG EFDJEJOH UP NPWF PO *U T OPU XJUIPVU B DPOTJEFSBCMF EFHSFF PG TBEOFTT .Z ZFBST JO NFEJB IBWF CFFO ZFBST PG USFNFOEPVT HSPXUI DIBMMFOHF FYDJUFNFOU BOE MFBSOJOH * WF CFFO GPSUVOBUF UP XPSL XJUI B UFBN UIBU GFFMT MJLF GBNJMZ BOE GPS DPNQBOJFT UIBU IBWF XFMM TVQQPSU FE XIBU JU JT UIBU FEJUPST OFFE BOE EP * E MJLF UP UIBOL NZ DPMMFBHVFT UIF QVCMJTIFST FEJUPST UBMFOUFE GSFFMBODFST BSU EJSFDUPST QSPEVDUJPO WJEFP UFBN BOE BENJO JTUSBUJWF TVQQPSU TUBGG UIBU IBWF NBEF DPNJOH UP XPSL B QMFB TVSF ThBOLT UP NZ NBOZ NFOUPST XIP IBWF QBTTFE EPXO LOPXMFEHF BOE FYQFSJFODF ThBOLT UP /FXDPN #VTJOFTT .FEJB GPS ZPVS CFMJFG JO BOE TVQQPSU PG UIF FEJUPSJBM QSPEVDU "OE UIBOLT UP UIF DPOUJOVFE TVQQPSU PG PVS SFBEFSTIJQ XJUI PVU XIPN UIJT QVCMJDBUJPO XPVME TJNQMZ OPU IBWF B SFBTPO UP FYJTU -POH MJWF MPHJTUJDT

HPPECZF

.&.#&3 $"/"%*"/ #64*/&44 13&44

į% 0+ '

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĆ

$!.!ƫ +)!/ƫ ƫ0%)!ƫ%*ƫ!2!.5ƫ0. ""% ƫ) * #!.Ě/ƫ(%"!ƫ3$!*ƫ0$!5ƫ3 *0ƫ 0+ƫ/0 .0ƫ/!!%*#ƫ+0$!.ƫ ..%!./ċƫ $ 0Ě/ƫ1/ƫģƫ*% !ƫ0+ƫ)!!0ƫ5+1ē

! .*ƫ)+.!ƫ 0 5+101 !ċ +)ĥ1/!.ĥ$!. 1(!/".!%#$0

$!. 1(!/".!%#$0ċ +)

ƫ ƫ

$%,,!./ƫ/$+1( ƫ,.!, .!ƫ"+.ƫ$%#$!.ƫƫ ) .%*!ƫ/$%,,%*#ƫ +*0. 0/ƫ%*ƫĂĀāĈ

1(% ƫ 16!(&!2% $

.#+ƫ/$%,ƫ(+ ! ƫ%*ƫ !3ƫ +.'ƫ +*0 %*!.ƫ0!.)%* (ƫ 0ƫ*%#$0ƫ 2%!3! ƫ".+)ƫ (%6 !0$ƫ ƫ .+//ƫ (%6 !0$,+.0ƫ.! $ċ

ThF TIJQQJOH NBSLFU JT IFBEJOH JOUP B OFX FSB PG GBJSMZ MPX HSPXUI GPMMPXJOH MJUUMF HSPXUI JO TBJE NBSJUJNF SFTFBSDI DPO TVMUBOUT GSPN %SFXSZ JO B +BOVBSZ XFCJOBS iThF EBZT PG HMPCBM HSPXUI BSF DFSUBJOMZ PVU *U T B NJYFE QJDUVSF SFHJPO BMMZ CVU BT GBS BT JT DPODFSOFE HSPXUI JT B MJUUMF CJU NPSF QPTJUJWF BU u TBJE /FJM %FLLFS EJSFDUPS PG DPOUBJOFS SF TFBSDI BU %SFXSZ i'PS UIF fiSTU UJNF JO NBOZ ZFBST TVQ QMZ BOE EFNBOE IBWF WFSZ NVDI CFFO JO UVOF ThF MBUFTU BTTFTTNFOU GPS TVQQMZ TJEF HSPXUI JO XBT BSPVOE ThFSF IBT CFFO B CJH VQMJGU JO TDSBQQJOH BOE UIF EFMJWFSZ QBUUFSO XBT DIBMMFOHFE CZ UIF GBDU UIBU B MPU PG TIJQT XFSF QVTIFE JOUP BOE QPTJUJPOT *O TVQ QMZ HSPXUI XJMM CF BSPVOE BOE JO FWFO IJHIFS BU u %FLLFS OPUFE ThF JOEVTUSZ JT FYQFDUFE UP MPTF fiWF

CJMMJPO EPMMBST JO GPMMPXJOH UIF NB KPS GBJMVSF PG )BOKJO 4IJQQJOH 0O UIF EFNBOE TJEF JU T TUJMM WFSZ NVDI B NJYFE CBH JO BOE HMPCBM HSPXUI XBT QSFUUZ XFBL BDSPTT UIF CPBSE ThFSF BSF NBOZ RVFTUJPOT BSPVOE #SFYJU BOE UIF TUSFOHUI PG &VSPQFBO FDPOPNJFT *O -BUJO "NFSJDB #SB[JM JT JO SFDFTTJPO BOE "SHFOUJOB IBT IBE B WFSZ QSPUFDUJPO JTU TUBODF i8F EP TFF B CJU PG BO VQMJGU UIJT ZFBS CVU XF XPO U TFF UIF IVHF WPMVNF HSPXUI "GSJDB JT WFSZ XFBL XJUI /JHFSJB BOE "O HPMB DIBMMFOHFE CZ XFBL PJM QSJDFT ThFSF XJMM CF BO VQUVSO JO UIF WPMVNF OVNCFST JOUP "GSJDB BT FDPOPNJFT TUBSU UP QJDL VQ /PSUI "NFSJDB JT QSFUUZ TUBCMF BOE UIFSF JT SFBTPOBCMF HSPXUI UIFSF "TJB IBT CFFO QSFUUZ XFBL BDSPTT UIF CPBSE *G UIFSF JT B TUFMMBS SFHJPO JU JT 4PVUI "TJB UIPTF NBSLFUT BSF VQ BCPVU

TJODF MBTU ZFBS IF TBJE ThF PSEFSCPPL IBT CFFO TUBUJD PWFS UIF MBTU ZFBS XIJDI JT B QPTJUJWF GPS UIF JO EVTUSZ XBT B SFDPSE ZFBS GPS TDSBQ QJOH XJUI 5&6 PG 1BOBNBY TJ[F BOE BCPWF ThJT ZFBS JT FYQFDUFE UP SF NBJO IJHI LFFQJOH HSPXUI BU CBZ UP B EF HSFF CVU B MPU PG CJH TIJQT BSF EVF UP DPNF JO JO ThF DBTDBEF JT DPOUJOVJOH UP QMBZ PVU JOUP UIF PUIFS TFDUPST &WFO UIPVHI UIF PSEFSCPPL IBT QSFUUZ NVDI TUPQQFE UIFSF JT BO BXGVM MPU PG DB QBDJUZ UP CF EFMJWFSFE JO BOE BOE NVDI NPSF TP UIBO JO EFTQJUF JODSFBTFE TDSBQQJOH MFWFMT ThF EFMJWFSZ JT TLFXFE UPXBSET CJH TIJQT BOE BSPVOE PG BU MFBTU 5&6 BSF EVF GPS EFMJWFSZ UIJT ZFBS ThJT XJMM QVU JODSFBTFE QSFTTVSF PO UIF DBTDBEF BOE UIF BCJMJUZ PG BMM MJOFT UP EFQMPZ UIFN XJUIPVU EPJOH BOZ EBN BHF UP UIF USBEF MBOF GVOEBNFOUBMT +*0%*1! ƫƫ

į %$ %ƫ * .%0+%1ĥ% 0+ '

ƫ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĈ

ƫ ƫ

+*0%*1! ƫ".+)ƫ,ċĈ

ė 0Ě/ƫ%),+.0 *0ƫ0+ƫ.!)!) !.ƫ0$ 0ƫ /ƫ%),.!//%2!ƫ /ƫ/+)!ƫ+"ƫ0$!ƫ # %*/ƫ) 5ƫ !ƫ%0Ě/ƫ0!/0 )!*0ƫ (/+ƫ0+ƫ$+3ƫ ƫ0$%*#/ƫ$ ƫ#+00!*ċƫƫ $!ƫ +*0. 0ƫ) .'!0ƫ$ /ƫ/!!*ƫ ƫ.! !*0ƫ%* .! /!ƫ%*ƫ/,+0ƫ. 0!/ċƫ 0ƫ3 /ƫƫ 0$!ƫ"%./0ƫ%* .! /!ƫ%*ƫ /0ġ !/0ƫ +*0. 0ƫ. 0!/ƫ%*ƫ*! .(5ƫ03+ƫ5! ./ċĘ %)+*ƫ ! *!5Čƫ !*%+.ƫ * #!.Čƫ +*0 %*!.ƫ !/! . $

4NBMM 5&6 WFTTFMT NFBO XIJMF BSF EFQMPZFE JO GFFEFS BOE OJDIF USBEFT BT XFMM BT JOUSB "TJB ThF GVOEB NFOUBMT BSF CFUUFS BOE GSPN BO PXOFS T QFSTQFDUJWF DIBSUFS SBUFT BSF BU MFBTU OPU OFDFTTBSJMZ CFMPX PQFY 8JUI IFGUZ TDSBQQJOH PG PMEFS TIJQT PG UIJT TJ[F BOE SFMBUJWFMZ TNBMM SFQMFOJTINFOU PO UIF OFXCVJME TJEF UIFTF TIJQT IBWF B CSJHIU FS GVUVSF SJHIU OPX BDDPSEJOH UP %SF XSZ T FYQFSUT %JTDVTTJOH GSFJHIU SBUFT 4JNPO )F BOFZ 4FOJPS .BOBHFS $POUBJOFS 3F

TFBSDI TQPLF PG B HBNF PG UXP IBMWFT i*O UIF TFDPOE RVBSUFS EFNBOE HSPXUI SFUVSOFE UP QPTJUJWF UFSSJUPSZ 7PJE TBJMJOHT IFMQFE SBJTF TBJMJOHT 'VFM QSJDFT XFSF TUBSUJOH UP SJTF ThF )BOKJO CBOLSVQUDZ DSFBUFE TPNF MPHJTUJDT DIBPT CVU UIF XJUIESBXBM PG )BOKJO TIJQT IFMQFE CPPTU GSFJHIU SBUFT ThF HFOFSBM USFOE IBT CFFO VQXBSE BOE NPNFOUVN IBT DBSSJFE UISPVHI JO fiSTU GFX XFFLT PG UP DBSSJ FST BEWBOUBHF u IF TBJE 4IJQQFST BSF TUBSUJOH XJUI IJHIFS TQPU SBUFT BOE UIFTF BSF JOflBUJPOBSZ PO

TPNF SPVUFT 'PVSUI RVBSUFS TBX TPNF PG UIF NPTU OPUJDFBCMF VQUJDLT JO SBUFT i*U T JNQPSUBOU UP SFNFNCFS UIBU BT JNQSFTTJWF BT TPNF PG UIF HBJOT NBZ CF JU T UFTUBNFOU BMTP UP IPX CBE UIJOHT IBE HPUUFO u )FBOFZ TBJE ThF DPOUSBDU NBSLFU IBT TFFO B SFDFOU JODSFBTF JO TQPU SBUFT *U XBT UIF fiSTU JODSFBTF JO &BTU 8FTU DPO USBDU SBUFT JO OFBSMZ UXP ZFBST 8IBU JT UIF PVUMPPL GPS GSFJHIU SBUFT JO 'PVS ZFBST PG CJH SBUF SFEVDUJPOT XJMM TFF B QBSUJBM SFWFSTBM i(MPCBMMZ XF OPX FYQFDU UP TFF SBUFT SJTF CZ BOE CZ GPS UIF &BTU 8FTU USBEFT 4IJQQFST TIPVME QSFQBSF GPS IJHIFS DPOUSBDUT JO u )FBOFZ TBJE ThF SFEVDUJPO JO UIF OVNCFS PG DBSSJ FST JT FYQFDUFE UP JODSFBTF DBSSJFST CBS HBJOJOH QFSTQFDUJWF 4FOUJNFOU NBZ IBWF DIBOHFE GPMMPXJOH UIF )BOKJO USBVNB TIJQQFST NBZ CF NPSF JOUFSFTUFE JO fiOE JOH B TFSWJDF QSPWJEFS XIP JT NPSF TFDVSF

The facts and numbers speak for themselves. See how a small change can make a big impact on your bottom line.

PortofHalifax.ca

ĉƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

ƫ ƫ

ThF SJTL UP UIF GPSFDBTU JT NBJOMZ PO UIF TVQQMZ TJEF " MBSHF OVNCFS PG CJH TIJQT XJMM QVU EPXOXBSE QSFTTVSF PO SBUFT JO UIF EPOPS USBEFT "TJB &VSPQF BOE SPVUFT BffFDUFE CZ UIF DBTDBEF PG TIJQT "MTP UIF JOUSPEVDUJPO PG OFX BMMJBODFT JO "QSJM DPVME IBWF B NJOPS EFflBUJPOBSZ JNQBDU PO SBUFT DBSSJFST NBZ CF SFMVDUBOU UP UBNQFS XJUI UIFJS TDIFEVMFT BT UIFZ USZ UP XJO BQQSPWBM BOE OFX CVTJOFTT XJUI GFXFS WPJE TBJMJOHT i8F TUJMM FYQFDU WPMBUJMJUZ UISPVHI UIF ZFBS CVU BSF QSFUUZ DPOfiEFOU GSFJHIU SBUFT XJMM SJTF 4IJQQFST TIPVME OPU GSFU UPP NVDI SFDPWFSZ PG GSFJHIU SBUFT XJMM CF HSBEV BMu IF TBJE 8IBU BSF UIF FYQFDUBUJPOT GPS DBSSJFS QSPGJ BCJMJUZ i8F EP TFF HSPVOET GPS PQUJNJTN CF DBVTF PG UIF CFUUFS EFNBOE TJUVBUJPO BOE JODSFBTF JO GSFJHIU SBUFT ThFTF GBDUPST DPNCJOFE UIF JOEVTUSZ

DPVME NBLF CO EPMMBST 8IFO ZPV IBWF CBOLSVQUDJFT JU EPFTO U HJWF DPOfi EFODF UP MFOEFST 'SPN +VOF UISPVHI 4FQUFNCFS UIF QJD UVSF XBT TMJHIUMZ CFUUFS ThF fiOBODJBM IFBMUI PG UIF JOEVTUSZ XBT TUBSUJOH UP JNQSPWF 3FNPWBM PG SPHVF JOflVFODFT TIPVME IFMQ UP FODPVSBHF CFUUFS DBSSJFS EJTDJQMJOF 8IBU BSF UIF LFZ JNQBDUT GSPN UIF OFX BMMJBODF TUSVDUVSFT UIBU XJMM TUBSU GSPN "QSJM BOE IPX TUBCMF BSF UIFTF FY QFDUFE UP CF JOUP %SFXSZ BOUJDJQBUFT UIBU UIF BMMJBODFT XJMM XPSL WFSZ IBSE UP XJO OFX CVTJOFTT BOE XJMM CF LFFO UP NBJOUBJO UIFJS OFU XPSL JOUFHSJUZ XJUIPVU PWFSMZ SFTPSUJOH UP WPJE TBJMJOHT ThJT NJHIU SFEVDF NPOUIMZ TIJQ VUJMJTBUJPO BOE SBUFT UFNQPSBSJMZ 0O UIF QPTJUJWF TJEF SFMJBCJMJUZ IBT CFFO NBEF B LFZ NBSLFUJOH GFBUVSF PG UIF BMMJBODFT TP TFSWJDF RVBMJUZ JT FYQFDUFE UP CF IJHI DFS UBJOMZ JO UIF fiSTU GFX NPOUIT "T GPS UIF TUBCJMJUZ PG UIF BMMJBODFT NVDI XJMM EF

QFOE PO UIF FYUFOU PG GVUVSF . " JG BOZ 5BLFPWFST JG UIFZ PDDVS CFUXFFO NFN CFST PG EJffFSFOU BMMJBODFT XJMM OFDFTTJUBUF DIBOHFT UP BMMJBODF TUSVDUVSFT TP UIFSF DPVME CF DIBOHFT BIFBE ThF OFYU FWPMVUJPO PG BMMJBODFT JT NPSF MJLFMZ UP TFF UIF HFPHSBQIJD TDPQF FYUFOE UP /PSUI 4PVUI USBEFT XIJDI XPVME IFMQ NBOBHF UIF DBTDBEF PG TIJQT GSPN UIF &BTU 8FTU SPVUFT %SFXSZ TBJE UIBU NPSF DPOTPMJEBUJPO JT FYQFDUFE UP PDDVS CVU OPU BU UIF TQFFE TFFO MBTU ZFBS ThFSF BSF TUJMM B OVNCFS PG BUUSBDUJWF NFEJVN TJ[FE DBSSJFST BWBJMBCMF UIBU BSF CFJOH MFGU CFIJOE JO UIF DBQBDJUZ TUBLFT BT B DPOTFRVFODF PG SFDFOU . " BOE NJHIU EFDJEF UIBU UIF JOWFTUNFOU SF RVJSFE UP DBUDI VQ JT UPP NVDI BOE UIFSF GPSF TFMM VQ 0O UIF PUIFS TJEF PG UIF FRVB UJPO UIF QPPM PG QPUFOUJBM CVZFST XJUI EFFQ FOPVHI QPDLFUT JT HFUUJOH TIBMMPXFS QBS UJDVMBSMZ BT CBOLT BSF MFTT BCMF UP MFOE NPOFZ CS

What’s the most rewarding career decision you’ll ever make?

Your best choice for complete career-long OHDUQLQJ FHUWLÀFDWLRQ in supply chain logistics

Earning the CCLP® designation is easily the single best thing you can do to boost your career prospects. It can set you up for better pay, more advancement opportunities, and a range of management pathways and options across the sector. Plus, you’ll develop and demonstrate cross-functional capabilities that can deliver better business results—and more personal job protection.

Depending on your background, your CCLP designation PLJKW EH RQO\ FRXUVHV DZD\ &DOO RU FOLFN WR ¿QG RXW LI \RX TXDOLI\ IRU DGYDQFHG VWDQGLQJ 2U MXVW JHW VWDUWHG

www.citt.ca/cclp t 416.363.5696 ®CCLP & &,77 &HUWLÀHG /RJLVWLFV 3URIHVVLRQDO LV D UHJLVWHUHG WUDGHPDUN RII &,77

ƫ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĊ

ƫ

ƫ

ƫ

ƫ ƫ

ƫ ƫ ƫ ƫ ƫ ĕ āĀƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

į!)% .%/0! ĥ% 0+ '

ƫ ƫ

ė ƫ ƫ ČĘƫ

SBEJPFE UIF BJS USaffiD DPOUSPMMFS UP UIF IFMJDPQUFS QJMPU u i* EPO U LOPX ZFU * IBWFO U fiOJTIFE DSBTI JOH u UIF QJMPU DBMMFE CBDL 4JNJMBSMZ B TMPX NPUJPO USBJO XSFDL JT IBQQFOJOH JO UIF 6OJUFE 4UBUFT BT UISFBUT UP SFOFHPUJBUF TDVUUMF PS PUIFSXJTF TDPSDI MPOHTUBOEJOH USBEF BHSFFNFOUT DPNF GSPN UIF OFX BENJOJTUSBUJPO SVOOJOH UIF 8IJUF )PVTF 0OF DBO POMZ TQFDVMBUF PO UIF PVUDPNF GPS $BOBEJBO TIJQQFST ThF /PSUI "NFSJDBO 'SFF 5SBEF "HSFFNFOU /"'5"

XJMM MJLFMZ CF USBQQFE JO UIJT XSFDL *UT BQQFBSBODF PO UIF QBTTFOHFS NBOJGFTU XJMM CF QBSUJBMMZ UIBOLT UP 5SVNQ CBE HFSJOH .FYJDP UIBU JU NVTU QBZ GPS B XBMM IF XBOUT CVJMU BMPOH UIF MFOHUI PG UIF 64 .FYJDBO CPSEFS XJUI B 64 CJMMJPO QSJDF UBH BDDPSEJOH UP .*5 5FDIOPMPHZ 3FWJFX .FYJDP IBT CFFO TBZJOH iy&TUÃT MPDP u TJODF 5SVNQ fiSTU flPBUFE IJT XBMM XJTI ThFO BGUFS CBEHFSJOH .FYJDBO 1SFTJEFOU &OSJRVF 1FÒB /JFUP ZFU BHBJO BCPVU NBLJOH .FYJDP QBZ GPS IJT XBMM 1FÒB /J FUP DBODFMMFE B CJMBUFSBM NFFUJOH UIBU XBT UP CF IFME PO +BOVBSZ ThJT BDDPSE JOH UP B 5JNF BSUJDMF GVSUIFS GVFMFE EFNBOET CZ UIF .FYJDBO HPWFSONFOU BOE CVTJ OFTT MFBEFST UP QVMM PVU PG /"'5" 5SVNQ PODF SFQPSUFEMZ TQMVUUFSFE UIBU /"'5" JT UIF XPSTU USBEF EFBM UIF 64 IBT FWFS TJHOFE " NFEJB SFQPSU JO MBUF +BOVBSZ DMBJNFE UIBU 5SVNQ XBT HPJOH UP TJHO BO FYFDVUJWF PS EFS TJHOBMMJOH IJT JOUFOUJPO UP UFBS VQ /"'5" i0OF PG UIF HSFBU EJTUJODU QPTTJCJMJUJFT JT UIBU UIFSF XJMM CF OP /"'5" "GUFS UIF UXFFUT CF UXFFO 5SVNQ BOE .FYJDBO 1SFTJEFOU &OSJRVF 1FÒB /JFUP * UIJOL UIBU UIFSF JT B TUSPOH QPTTJCJM JUZ UIBU /"'5" XJMM CF UPSO VQ 8F BSF JO B WFSZ VODFSUBJO FOWJSPONFOU $BOBEJBO QMBZFST IBWF UP FYQFDU UIBU /"'5" XJMM EJTBQQFBS u QSFEJDUFE %BO $JVSJBk, %JSFDUPS BOE 1SJODJQBM $JVSJBL $POTVMUJOH *OD 'FMMPX JO 3FTJEFODF XJUI UIF $ % )PXF *OTUJUVUF 4FOJPS 'FMMPX XJUI UIF $FOUSF +*0%*1! ƫƫ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭāā

ƫ

+*0%*1! ƫ".+)ƫ, #!ƫāā

ė 1.ƫ#+ (ƫ%/ƫ0$!ƫ/ )!ƫ#+ (ƫ0$!ƫ * % *ƫ#+2!.*)!*0ƫ$ /ċƫ '!ƫ%0ƫ (! .ƫƫ 0$ 0ƫ * ĥ ƫ0. !ƫ%/ƫ ƫ3%*ġ3%*ƫ/%01 0%+*ċƫ +ġ+*!ƫ%/ƫ#!00%*#ƫ0$!ƫ !00!.ƫƫ +"ƫ0$!ƫ+0$!.ċƫ "ƫ5+1ƫ .!ƫ#+%*#ƫ0+ƫ .! 0!ƫ ƫ/%01 0%+*ƫ3$!.!ƫ5+1ƫ,!* (%/!ƫƫ ƫ +*/1)!.ƫ%*0!.!/0/ƫďƫ +1ƫ3+1( ƫ0$%*'ƫ%0ƫ%/ƫ +*0. .5ƫ0+ƫ0$!ƫƫ ƫ .!/% !*0Ě/ƫ#+ (ƫ+"ƫ%* .! /%*#ƫ$%/ƫ %0%6!*/Ěƫ,.+/,!.%05ċĘ %+* ƫ ++'Čƫ 4! 10%2!ƫ %.! 0+.Čƫ . %*ƫ .+3!./ƫ+"ƫ *

GPS *OUFSOBUJPOBM (PWFSOBODF *OOPWBUJPO BOE GPSNFS %FQVUZ $IJFG &DPOPNJTU %FQBSUNFOU PG 'PSFJHO "ffBJST BOE *OUFSOBUJPOBM 5SBEF JO B MBUF +BOVBSZ JOUFSWJFX XJUI $BOBEJBO 4IJQQFS i6Q UP OPX XIBU XBT PO UIF UBCMF XBT B /"'5" SFOFHPUJBUJPO m OPU UIBU CJH B EFBM #VU OPX BMM PG B TVEEFO XF BSF GBDJOH UIF QSPTQFDU <UIBU JUT EFNJTF> DPVME CF WFSZ SFBM u $JVSJBL TBZT i8F SF OPU RVJUF TVSF XIBU SFPQFOJOH /"'5" NFBOT u TBZT 'JP OB $PPL &YFDVUJWF %JSFDUPS (SBJO (SPXFST PG $BOBEB ThF VODFSUBJOMZ DPVME MBTU GPS B MPOH UJNF JG /"'5" JT TDSBQQFE BOE NVTU CF SFQMBDFE m NPTU MJLFMZ XJUI CJMBUFSBM USBEF BHSFF NFOUT CFUXFFO QBJST PG UIF UISFF DPVOUSJFT $JVSJBL PQJOFT #VU IF OPUFT i0ODF B OFHPUJBUJPO JT USJHHFSFE JU TIPVME IBQQFO JO TJY

7252172 '5<'2&.

WRURQWRGU\GRFN FRP

x WƌŽũĞĐƚ ĐĂƌŐŽ x dƵŐƐ ĂŶĚ ďĂƌŐĞƐ x KīƐŚŽƌĞ ƉƌŽũĞĐƚƐ x ^ŚŝƉ ĂƐƐŝƐƚƐ x /ĐĞ ďƌĞĂŬŝŶŐ x ^ĂůǀĂŐĞ x ψχφ ƚŽŶŶĞ >K>K x υτττ ƚŽŶŶĞ ZKZK x υτττ ƚŽŶŶĞ ĚƌLJĚŽĐŬ

4XHHQ¶V 4XD\ :HVW 7RURQWR 21 0 9 0

āĂƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

NPOUIT ThFSF JT MJLFMZ UP CF POMZ B IBOEGVM PG UIJOHT PO UIF UBCMF BOE UIFZ BSF XFMM VOEFSTUPPE JTTVFT *U JT KVTU B RVFTUJPO PG TPSUJOH PVU XIBU JT UIF OFX EFBM UIF OFX DPODFTTJPOT u )PX EJTDPODFSUJOH JT UIJT QSPTQFDU JO $BOBEB i8F OFFE UP CF SFBEZ UP QSPUFDU PVS JOUFSFTUT BOE TFFL FWFO CFUUFS UFSNT UIBO UIPTF UIBU DVSSFOUMZ FYJTU " HPPE XBZ UP EP UIJT XJMM CF UP TFFL PVUDPNFT UIBU BSF XJO XJO TDFOBSJPT GPS BMM QBSUJFT u TBZT +PFM /FVIFJNFS 4FOJPS %JSFDUPS GPS *OUFSOBUJPOBM 5SBEF *OUFSOBUJPOBM 5SBOTQPSUBUJPO BOE $PSQPSBUF 4FDSFUBSZ 'PSFTU 1SPEVDUT "TTP DJBUJPO PG $BOBEB '1"$ #VU IF OPUFT iThF POMZ UIJOH UIBU JT DFSUBJO JT UIBU UIF XBZ GPSXBSE CSJOHT XJUI JU B USFNFOEPVT BNPVOU PG VODFSUBJOUZ u $PPL TBZT i8IJMF XF BSF USZJOH UP QSPUFDU /"'5" XF TIPVME CF GPDVTFE PO PQFOJOH PUIFS NBSLFUT BT XFMM u 1SFQBSFE JT BT QSFQBSFE EPFT BOE '1"$ IBT CFHVO SFHVMBS EJB MPHVF XJUI JUT NFNCFST BCPVU UIJT i8IBU BSF UIF UIJOHT XF XBOU UP BDIJFWF PVU PG B SFOFHPUJBUJPO PG /"'5" 8F IBWF UP DPOWJODF PVS 64 QBSUOFST UIBU UIFJS JOUFSFTUT BSF PVST u /FVIFJNFS TBZT iThF EJTQVUF TFUUMFNFOU DPNQPOFOU JT TPNFUIJOH UIBU TIPVME CF NBJOUBJOFE BOE FOIBODFE ThFSF BSF B DPVQMF PG UIJOHT XF BSF CF HJOOJOH UP HFU QSFQBSFE GPS JG UIFSF JT BOZ SFOFHPUJBUJPO PG /"'5" i0VS HPBM JT UIF TBNF HPBM UIF $BOBEJBO HPWFSONFOU IBT .BLF JU DMFBS UIBU $BOBEB 64 USBEF JT B XJO XJO TJUVBUJPO /P POF JT HFUUJOH UIF CFUUFS PG UIF PUIFS *G ZPV BSF HPJOH UP DSFBUF B TJUVBUJPO XIFSF ZPV QFOBMJTF 64 DPOTVNFS JOUFSFTUT w ZPV XPVME UIJOL JU JT DPOUSBSZ UP UIF 64 1SFTJEFOU T HPBM PG JODSFBTJOH IJT DJUJ[FOT QSPTQFSJUZ u 3PCFSU #BMMBOUZOF 1SFTJEFOU 'SFJHIU .BOBHFNFOU "TTPDJB UJPO PG $BOBEB DPNNFOUT i* UIJOL UIFSF XPVME CF B MPU PG QSFT TVSF GSPN 64 JOEVTUSJFT BT XFMM BT SFHBSET TJHOJfiDBOU DIBOHFT UP /"'5" u "OPUIFS BU SJTL QBTTFOHFS JT UIF FOUJSFUZ PG $BOBEJBO FYQPSUT UP UIF 64 WJT Æ WJT 64 DPSQPSBUF UBY MBXT ThF NBJOTUSFBN QSFTT IBT SFQPSUFE UIBU 5SVNQ XJMM GPSDF .FYJDP UP QBZ GPS IJT XBMM XJUI B QFSDFOU JNQPSU UBY 5I T OVNCFS DPNFT GSPN TPNFUIJOH DBMMFE UIF 3ZBO #SBEZ DPSQPSBUF UBY SFGPSN QSPQPTBM JTTVFE JO +VOF " UFSN JO UIF QSPQPTBM UIBU TIPVME DIJMM UIF IFBSUT PG $BOBEJBO TIJQQFST JT iEFTUJOBUJPO CBTFE DBTI flPX UBY u *O B DSBZPO TUSPLF JU SFGFST UP UIF FMJNJOBUJPO PG B CVTJOFTT DPTU UBY EFEVDUJPO PO JN QPSUFE CVTJOFTT JOQVUT TVDI BT CVJMEJOH NBUFSJBMT PS BVUP QBSUT TPVSDFE GSPN $BOBEB *G UIJT SFGPSN HPFT UISPVHI UIPTF 64 DPN QBOJFT UIBU DBO XJMM CF IJHIMZ NPUJWFE UP TPVSDF OFDFTTBSZ HPPET BOE TFSWJDFT EPNFTUJDBMMZ. ThF GBMMPVU XJMM OPU NJTT $BOBEB i*G JU XFSF EPOF JU XPVME DBVTF QSPCMFNT XJUI $BOBEJBO FY QPSUFST u #BMMBOUZOF TBZT $JVSJBL PCTFSWFT iThFSF JT B MPOH IJTUPSZ UIBU XIFOFWFS UIF 6OJUFE 4UBUFT IBT UBLFO NFBTVSFT UP BEESFTT JUT JOUFSOBUJPOBM DPNNFSDJBM JOUFSFTUT XF <JO $BOBEB> BMXBZT HFU IJU 8F EPO U HFU

ƫ

B CZF PO UIJT POF ThFSF IBWF CFFO FYQMJDJU TUBUFNFOUT GSPN UIF 5SVNQ FOUPVSBHF UIBU $BOBEB XJMM OPU CF FYFNQU GSPN UIJT "U UIF QSPEVDU MFWFM FWFSZ JOEJWJEVBM USBEF XPVME CF EJTBEWBOUBHFE *U XJMM CF EJTSVQUJWF ThF SJTL PG B USBEF XBS JT UIFSF BOE FWFSZPOF JT UBMLJOH BCPVU UIBU u ThF PJOUNFOU PffFSFE UP UIJT DBTVBMUZ JT BO FDPOPNJD UIFPSZ UIBU TUSJQQFE EPXO UP JUT TLJWWJFT HPFT MJLF UIJT *G 64 FYQPSUT HP VQ TP XJMM UIF EFNBOE GPS 64 EPMMBST UP CVZ UIFN BOE TP XJMM UIF WBMVF PG UIF 64 EPMMBS ThFSFGPSF 64 DPNQBOJFT XJMM CF BCMF UP TJNQMZ DPWFS UIF IJHIFS DPTU PG JNQPSUT XJUI UIFJS GBUUFS EPMMBST BOE JNQPSUFST XJMM XBML BXBZ VOTDBUIFE ThF 7JDUPSJBO IJTUPSJBO ThPNBT $BS MZMF DBMMFE FDPOPNJDT iUIF EJTNBM TDJFODF u 8FMM IFSF JT TPNF EJTNBM OFXT FDPOP NJTUT BSF OPU JO DPNQMFUF BHSFFNFOU XJUI UIF IBQQZ TDFOBSJP JO UIF QSFDFEJOH QBSB HSBQI 8IJMF TPNF TBZ UIBU UIF DVSSFODZ BQQSFDJBUJPO XPVME CF BMNPTU JOTUBOUB OFPVT PUIFST TBZ BOZ FYDIBOHF SBUF JO DSFBTF XPVME POMZ QBSUJBMMZ PffTFU UIBU QFSDFOU (BSZ $MZEF )VGCBVFS BOE ;IJZBP -VDZ -V JO B +BOVBSZ QPMJDZ CSJFG GSPN UIF 1FUFSTPO *OTUJUVUF GPS *OUFSOB UJPOBM &DPOPNJDT UJEJMZ TVN VQ UIFJS EJT DVTTJPO PO UIF UPQJD XIJDI BMTP BTLT XIFUIFS 64 DPNQBOJFT DBO TPVSDF UIJT PS UIBU MPDBMMZ PS XIFUIFS UIFSF JT TuffiDJFOU QSPEVDUJPO DBQBDJUZ BOE FOPVHI XPSLFST UP SFTQPOE UP BO JODSFBTF JO EPNFTUJD EF NBOE UIJT XBZ i"MM BTQFDUT EFGZ EPHNBUJD QSFEJDUJPOT u $JVSJBL UIF DP BVUIPS PG B SFDFOUMZ SF MFBTFE $ % )PXF SFQPSU XIJDI FWBMVBUFT UIF JNQBDU PG UIF CPSEFS BEKVTUNFOU UBY TVHHFTUT iThFSF DPVME CF TJHOJfiDBOU EJT SVQUJPO UP TVQQMZ DIBJOT HJWFO UIF JNQMJ DBUJPOT PG UIJT OFX DBTh flPX UBY u "OE XIBU BCPVU UIF USVDLJOH JOEVTUSZ XIJDI IBT B POF IFBSU GPS UXP CPEZ MFWFM SFMBUJPOTIJQ LJMM POF CPUI EJF XJUI DBSSJ FST iThFSF JT B MPU PG BOYJFUZ PVU UIFSF *O /FX #SVOTXJDL QFSDFOU PG UIF FYQPSUT BSF NBEF CZ USVDL 8F SF JNQBDUFE XIFUIFS XF MJLF JU PS OPU *G ZPV UBML UP BOZ DBSSJFST QFSDFOU PG UIFN HP UP UIF 64 &WFSZPOF JT BOYJPVT BCPVU UIJT SF OFHPUJ BUJPO PG /"'5" u TBZT +FBO .BSD 1JDBSE &YFDVUJWF %JSFDUPS "UMBOUJD 1SPWJODFT 5SVDLJOH "TTPDJBUJPO iThF MBTU UIJOH XF XBOU UP EP JT TQFDV MBUF 8F EPO U LOPX XIBU JT HPJOH PO u TBJE .BSDP #FHIFUUP DPNNVOJDBUJPOT

PffiDFS $BOBEJBO 5SVDLJOH "MMJBODF XIFO BTLFE GPS DPNNFOU i8F IBWF CFFO JO UPVDI XJUI PUIFS <PSHBOJTBUJPOT> EJT DVTTJPOT UP IPQF GPS B DPPSEJOBUFE FGG SU JO TPNF TPSU PG TUSBUFHZ UP XIBU NBZ CF DPNJOH EPXO UIF MJOF 8IBUFWFS JU JT JU JT QBSBNPVOU UIBU JU JOWPMWFT 64 TUBLFIPME FST XJUI TLJO JO UIF HBNF u "OE UIFO UIFSF JT UIF EJOJOH DBS KBNNFE GVMM PG USVDLFST 8IBU DIBOHFT BSF 5SVNQ FU BM IBUDIJOH GPS $BOBEB 64 CPSEFS TFDVSJUZ BOE EJE JT XJMM IJT .VT MJN CBO BffFDU BOZ $BOBEJBO USVDLFST i* IFBS SVNCMJOHT UIBU UIJOHT XJMM TMPX EPXO B CJU &YUSB TDSFFOJOH JU IBT IBE BO JNNFEJBUF JNQBDU ThFSF JT B MPU PG BOYJ FUZ GSPN ESJWFST FTQFDJBMMZ GPS JNNJ HSBOUT A"N * HPJOH UP CF UVSOFE CBDL BU UIF CPSEFS u 1JDBSE TBZT i* XPVME CF JO UFSFTUFE JO SFBDIJOH PVU UP NZ NFNCFST UP TFF JG BOZ ESJWFST BSF SFGVTJOH UP DSPTT UIF CPSEFS u

" XFFL BGUFS 5SVNQ T FYFDVUJWF PSEFS CBOOJOH USBWFMFST GSPN fiWF .VTMJN DPVO USJFT $#$ /FXT SBO BO BSUJDMF XJUI UIJT IFBEMJOF i5SVNQ T CPSEFS CBO LJMMT BD DFTT UP '"45 MBOFT GPS 8JOETPS USVDL ESJWFS u 5SVNQ T CBO JUTFMG TVTQFOEFE JO +BOVBSZ CZ B 64 GFEFSBM KVEHF RVJDLMZ EF HFOFSBUFE JOUP B MFHBM TMVHGFTU .FBO XIJMF UIF SBJMDBST QJMF VQ BT DPOGVTJPO BOE VODFSUBJOUZ SFJHO $JVSJBL TBZT i* UIJOL UIF JNQMJDBUJPOT BSF XJEF PQFO SJHIU OPX BOE DBSSJFST BOE TIJQQFST TIPVME LFFQ UIFJS FZFT XJEF PQFO PO DPO UJOHFODZ QMBOT u ..+((ƫ +.)% 'ƫ%/ƫ *ƫƫ 3 . ġ3%**%*#ƫ3.%0!.ƫ3$+ƫ$ /ƫƫ !!*ƫ +2!.%*#ƫ0. */,+.0 0%+*ƫƫ %* 1/0.5ƫ%//1!/ƫ * ƫ0! $*+(+#%!/ƫ "+.ƫ)+.!ƫ0$ *ƫ ƫ ! !ċƫƫ !ƫ%/ƫ /! ƫ%*ƫ 1! ! ċ

OUR PROMISES GET DELIVERED Terminal Locations | Mississauga, ON Winnipeg, MB Saskatoon, SK Calgary, AB Edmonton, AB Vancouver, BC Fargo, ND

Regina, SK

"Continuing to Deliver Promises between USA and Canada”

Over 350 Power Units Fully EDI capable Up to date Technology Single point of contact 93 years of experience Cross border TL carrier

Operating from seven terminals in Canada and the USA, we offer swift and reliable truckload service to most of North America. That, combined with our no nonsense commitment to customer service has helped Penner become the transportation provider of choice for customers who need to keep their promises, wherever they need to ship in North America.

www.Penner.ca

Toll Free 866.729.7134

and 800 Trailers

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭāă

ƫ

ƫ ƫ ĕ ġ * ƫ0. !ƫ$! /ƫ%*0+ƫ ƫ$%#$(5ƫ $ .#! ƫ!*2%.+*)!*0 ƫ

ƫ

SBEF IBT CFDPNF UIF DPOWFOJFOU TDBQFHPBU GPS BMM NBOOFS PG FDP OPNJD BEKVTUNFOUT JO HMPCBMJTN BOE UFDIOPMPHZ "OE BDDPSEJOH UP +PIO . 1FUFSTPO PG /FWJMMF 1FUFSTPO --1 iXF SF NPWJOH JOUP B UJNF XIFSF UIF USBEF FOWJSPONFOU CFUXFFO $BOBEB BOE UIF 64 XJMM CF AIJHIMZ DIBSHFE 1FUFSTPO BOE DPMMFBHVF 3JDIBSE ' 0 /FJMM EFMJWFSFE BO JO EFQUI JOGPSNBUJWF XPSLTIPQ FOUJUMFE i$PNQMZ PG %JFu UP BU UFOEFFT PG $BSHP -PHJTUJDT $BOBEB T SF DFOU 7BODPVWFS DPOGFSFODF i8F IBWF BO BENJOJTUSBUJPO JO UIF 64 XIJDI JT QSPUFDUJPOJTU BOE XIFUIFS PS OPU UIFZ EP TPNF PG UIF DSB[Z UIJOHT UIFZ BSF UBMLJOH BCPVU EPJOH * UIJOL ZPV DBO FY QFDU UIFN UP CF QSPUFDUJPOJTU JO OBUVSF ThF FYJTUJOH USBEF SVMFT XF IBWF JO QMBDF PVHIU UP CF SFTQFDUFE BOE FOGPSDFE #VU JU T OPU BMM EPPN BOE HMPPN ThF 64 IBT NBEF TPNF JOUFSFTUJOH BNFOENFOUT UP JUT USBEF MBXT UIBU PffFS PQQPSUVOJUJFT BOE TBWJOHT UP $BOBEJBOT u 1FUFSTPO TBJE /"'5" XJMM DPOUJOVF UP CF B GSFF USBEF BHSFFNFOU XJUI TPNF iUXFBLJOHu BT 1SFTJEFOU 5SVNQ EFDMBSFE BU IJT fiSTU NFFUJOH XJUI 1SJNF .JOJTUFS +VTUJO 5SVEFBV NJE 'FCSVBSZ i8F IPQF XF XJMM CF BCMF UP DMBSJGZ BOE TJNQMJGZ UIF BHSFFNFOU *G UIFSF JT

TPNFUIJOH ZPV XPVME MJLF UP TFF TJNQMJ fiFE OPX T UIF UJNF UP HFU ZPVS XJTIMJTU UPHFUIFS u 1FUFSTPO TBJE 8IBU BCPVU UIF iDSB[Z TUVff u J F UBS JffT PO JNQPSUT 64 $POHSFTT IBT UBSJGG TF UJOH QPXFST CVU UIF 1SFTJEFOU DBO BMTP QSPDMBJN UIFTF PO BO FNFSHFODZ CBTJT i)JT USBEF UFBN JT OPU ZFU JO QMBDF *U T JN QPSUBOU UP LFFQ USBDL PG UIJT TFQBSBUJPO PG QPXFST (PJOH GPSXBSE $POHSFTT DPVME SF EVDF TPNF PG UIF 1SFTJEFOU T FYFDVUJWF QPX FST UISPVHI MFHJTMBUJWF BDUJPO u 0 /FJMM TBJE 6OEFS UIF DVSSFOU UPPMT BOE NFDIB OJTNT XF DBO FYQFDU UPVHIFS FOGPSDF NFOU PG DVTUPNT BOE USBEF MBXT UIBU BSF BMSFBEZ PO UIF CPPLT i$BOBEB XPO U CF TQBSFE u 1FUFSTPO TBJE i4P XIBU T UIF USBEF FOGPSDFNFOU NPPE /PU TP HPPE $POHSFTT IBT FOBDU FE B OVNCFS PG UPVHI USBEF FOGPSDFNFOU NFBTVSFT BOE BOPUIFS UIJOH XF BSF TFF JOH JT QSJWBUF BDUPST BSF UBLJOH NBUUFST JOUP UIFJS PXO IBOET XJUI AXIJTUMFCMPXFS TVJUT *G ZPV BSF JNQPSUJOH PS FYQPSUJOH ZPV XBOU UP MPPL BU ZPVS QSPCMFN OPX ZPV EPO U XBOU UP IBWF B DVTUPNT BVEJU UIBU TBZT ZPVS /"'5" PS DMBTTJfiDBUJPO DMBJN JT CBE :PV EPO U XBOU ZPVS DPNQB OZ UP CF OBNFE JO UIF OFYU UXFFU BCPVU XIZ USBEF JT CBE u IF TBJE

8IBU EP ZPV IBWF UP XBUDI PVU GPS JO ZPVS TVQQMZ DIBJO i*G BU UIF FOE PG UIF EBZ UIF QSPEVDU ZPV CSJOH JO UP $BOBEB PS UIF 64 HFUT IJU XJUI B IJHIFS EVUZ UIBO ZPV TIPVME CF QBZJOH UIFO ZPVS XPSL PO UIF TVQQMZ DIBJO DBSSJFS TJEF HPFT GPS OPUIJOH :PV EPO U XBOU UP HJWF CBDL PO UIF DVTUPNT TJEF UIF HBJOT ZPV BSF USZJOH UP NBLF PO UIF TVQQMZ DIBJO TJEF u 1FUFSTPO TBJE %P ZPV IBWF ZPVS $VTUPNT GVOEBNFOUBMT DMBTTJfiDBUJPO BQQSBJTFNFOU SJHIU *G ZPV BSF VTJOH /"'5" BSF ZPV DMBJNJOH JU DPSSFDUMZ )BWF ZPV NBOBHFE ZPVS IBOEPWFS PG /"'5" UP UIF TFDPOE HFOFSBUJPO i/"'5" JT ZFBST PME #BDL JO UIF T XIFO /"'5" DBNF PVU JU XBT B CJH EFBM "OE FWFSZPOF TFOU UIFJS DPSQPSBUF DVTUPNT NBOBHFS UIFJS DPSQPSBUF MPHJTUJDT EJSFDUPS UP USBJOJOH XIFO JU HPU VOEFS XBZ B MPU PG UIPTF QFPQMF XFSF IJHIMZ USBJOFE CVU BSF OPX SFUJSFE PO B CFBDI TPNFXIFSF ThFZ WF IBOEFE PWFS UIF /"'5" SFTQPOTJ CJMJUZ UP HFOFSBUJPOT UIBU JO NZ FYQFSJFODF EJEO U HFU UIF TBNF JOUFOTF USBJOJOH * WF TFFO B MPU PG /"'5" DFSUJfiDBUFT PG PSJHJO HJWFO GPS QSPEVDUT JO BMM UISFF /"'5" DPVO USJFT UIBU BSF MFU NF TFF XIBU T UIF MFHBM UFSN * N MPPLJOH GPS $SBQ u 1FUFSTPO TBJE i" MPU PG QFPQMF TBZ * WF CFFO EFBMJOH +*0%*1! ƫƫ

į% 0+ '

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭāĆ

ƫ

+*0%*1! ƫ".+)ƫ, #!ƫāĆ

JO UIJT DPNNPEJUZ GPS B MPOH UJNF JU T BMXBZT CFFO /"' 5" 8FMM JT JU )BWF ZPVS QVS DIBTJOH QFPQMF CFFO MPPLJOH BU UIBU u IF BEEFE *O $BOBEB UIF "ENJOJTUSBUJWF .PO FUBSZ 1FOBMUZ 4ZTUFN ".1T EFUFST OPO DPNQMJBODF CZ JUT DMJFOUT BOE DSFBUF B MFWFM QMBZJOH fiFME GPS BMM $B OBEJBO CVTJOFTTFT *O UIF 64 6 4 $ JT POF PG UIF IBSTIFTU DJWJM QFOBMUJFT JO 'FEFSBM MBX i*U XBT POWFSUFE JO UP BO JO QFS TPOBN NPOFUBSZ QFOBMUZ NFBOJOH UIFZ DBO OPX HP BGUFS UIF HPPET BOE BGUFS UIF JOEJWJEVBM FOUJUZ PS QFSTPO SFTQPOTJCMF GPS UIF FOUSZ PS FYJU PG UIBU NFSDIBOEJTF UIBU SFBMMZ DIBOHFE UIF HBNF BOE IBT MFE UP FYQBOTJWF JOUFSQSFUBUJPO DBQUVSJOH QFPQMF JO UIF TVQQMZ DIBJO UIBU ZPV NBZ OPU UIJOL IBE B QFOBMUZ SJTL u 0 /FJMM TBJE #PUI $BOBEB BOE UIF 64 IBWF QSJPS EJTDMPTVSF QSPHSBNT XIFSF JG ZPV fiOE ZPV IBWF B WJPMBUJPO BOE ZPV EJEO U EJT

āćƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

ė ƫ0$%*'ƫ3$ 0ƫ5+1Ě.!ƫ#+%*#ƫ0+ƫ/!!Čƫ%*ƫ0$!ƫ Čƫ%/ƫ (+/!.ƫ!4 )%* 0%+*ƫ%*ƫ ƫ,.+0! 0%+*%/0ƫ!*2%.+*)!*0ċƫƫ "ƫ5+1ƫ$ 2!*Ě0ƫ +*!ƫ *ƫ%*0!.* (ƫ (%!*0/ƫ.!2%!3Čƫ *ƫ%*0!.* (ƫƫ 1 %0Čƫ0$%/ƫ%/ƫ0$!ƫ0%)!ƫ0+ƫ +ƫ%0ċƫ +1Ě.!ƫ.+((%*#ƫ%*0+ƫ ƫ)+.!ƫ !*"+. !)!*0ƫ)%* ! ƫ )%*%/0. 0%+*ċĘ % $ . ƫ ċƫ Ě !%((

DMPTF XJUIJO EBZ SFBTPO UP OPUF EBUF ZPV DBO HP JO BOE NBLF QSJPS EJTDMPTVSF #PUI DPVOUSJFT BMTP IBWF B SFHJNF GPS /"'5" QSJPS EJTDMPTVSF *G ZPV WF CFFO DMBJNJOH /"'5" BOE ZPV fiOE PVU JU T XSPOH BOE ZPV XJUIESBX UIF CBE /"'5" DFSUJfiDBUF ZPV DBO VTVBMMZ XBML BXBZ XJUIPVU QFOBMUZ 8IFO TIPVME ZPV WPMVO UBSJMZ EJTDMPTF r *G DPODFSOFE UIBU $#1 XJMM EJTDPWFS WJP MBUJPO BOE JNQPTF QFOBMUZ r *G OP BDUJPO QSPIJCJUJOH EJTDMPTVSF TFJ [VSF TVCQPFOB FUD IBT PDDVSSFE

r *G UIF WJPMBUJPO JT POF BSJTJOH VOEFS 4FD UJPO BT PQQPTFE UP BOPUIFS TUBUVUF r *G UIF WJPMBUJPO JT OPU DSJNJOBM JO OBUVSF r 8IP DBO CF IFME MJBCMF /PU KVTU UIF JN QPSUFS CVU PUIFST JOEJWJEVBMT BOE DPNQBOJFT XIP DPNNJU BDUT PG GBMTF FOUSZ PS JOUSPEVDUJPO PG HPPET i$VTUPNT JT JODSFBTJOHMZ HPJOH BGUFS PXO FST BOE PffiDFST PG TNBMMFS JNQPSUFST u 0 /FJMM TBJE i* UIJOL XIBU ZPV SF HPJOH UP TFF JO UIF 64 JT DMPTFS FYBNJOBUJPO JO B QSPUFD UJPOJTU FOWJSPONFOU u 1FUFSTPO TBJE

į% 0+ '

ƫ

i*G ZPV IBWFO U EPOF BO JOUFSOBM DMJ FOUTh SFWJFX BO JOUFSOBM BVEJU UIJT JT UIF UJNF UP EP JU :PV SF SPMMJOH JOUP B NPSF FOGPSDFNFOU NJOEFE BENJOJTUSBUJPO u 6OEFS UIF 26* 5". "$5*0/4 m '&% &3"- '"-4& $-"*.4 "$5 FOBDUFE JO BT QBSU PG UIF $VTUPNT 3FBVUIPSJ[BUJPO "DU NPSF QSJWBUF QBSUZ DPNQFUJUPS EJT HSVOUMFE DVSSFOU PS GPSNFS FNQMPZFF

TVJUT BSF UBLJOH QMBDF VOEFS B TFBM BMMFH JOH UIBU TPNFPOF JT WJPMBUJOH DVTUPNT MBXT 0 /FJMM TBJE (PWFSONFOU SFWJFXT UIF DPNQMBJOU XIJDI NVTU DPOUBJO PSJHJOBM JOGPSNBUJPO BOE EFDJEFT XIFUIFS UP UBLF VQ UIF DBTF i0OF UIJOH UIFTF DBTFT BSF EPJOH JT UIFZ BSF FYUSBDUJOH IVHF TFUUMFNFOUT GSPN TVQ QMZ DIBJO QBSUJDJQBOUT TVDI BT GSFJHIU GPS XBSEFST BOE CSPLFST XIP IBE OP BCJMJUZ UP LOPX XIBU XBT JO DPOUBJOFST BOE NBOJ GFTUT ThFZ BSF BCMF UP FYUSBDU TFUUMFNFOUT CBTFE PO UIF GFBS PG MJUJHBUJPO u TBJE 0 /FJMM ThF i&/'03$& 1305&$5u "DU B OFX MBX UIBU $POHSFTT FOBDUFE CBTJDBMMZ TBZT UIBU JO BEEJUJPO UP UIF HPWFSONFOU HPJOH PVU BOE MPPLJOH GPS FWBTJPO PG BOUJ EVNQ JOH BOE DPVOUFSWBJMJOH EVUZ PSEFST UIJT DSFBUFT B OFX QSPDFEVSF UIBU MFUT JOUFSFTU FE QBSUJFT ESPQ B EJNF PO $VTUPNT BOE IBWF UIFN DPNQMFUF BO JOWFTUJHBUJPO XJUI JO EBZT $!.!Ě/ƫ0$!ƫė %(2!.ƫ %*%*#Ęƫƫ "+.ƫ0. !ĕ "DDPSEJOH UP 1FUFSTPO UIF 5SBEF &O GPSDFNFOU BOE 5SBEF 'BDJMJUBUJPO "DU PG 5'5&" TBX B TJHOJfiDBOU PWFSIBVM PG NBKPS DVTUPNT QSPDFEVSFT UIBU DPVME CF SFBMMZ IFMQGVM UP $BOBEJBOT "NFSJDBO (PPET 3FUVSOFE )54 TVC IFBEJOH IJTUPSJDBMMZ BMMPXFE EVUZ GSFF FOUSZ PG i"NFSJDBOu HPPET SF UVSOFE XJUIPVU IBWJOH CFFO BEWBODFE JO WBMVF PS JNQSPWFE JO DPOEJUJPO XIJMF BCSPBE ThF BNFOEFE )54 OPX BMMPXT UIF TBNF USFBUNFOU GPS GPS FJHO HPPET SF JNQPSUFE XJUIJO ZFBST BGUFS IBWJOH CFFO FYQPSUFE i'PS B MPU PG DPNQBOJFT UIJT HJWFT ZPV TPNF FOIBODFE EVUZ GSFF BDDFTT UP UIF 6OJUFE 4UBUFT NBSLFU u 1FUFSTPO TBJE ThF 64 BMTP KVTU SBJTFE JUT -PX 7BMVF -JNJU &YDFQUJPO 4FDUJPO PG UIF 5BSJff "DU BMMPXT iMPX WBMVFu DPNNFSDJBM TIJQ NFOUT UP FOUFS GSFF PG EVUZ UIF "DU IBT SBJTFE UIF iMPX WBMVF MJNJUu GSPN UP (PPET DBO CF FOUFSFE VOEFS JOGPS NBM FOUSZ PS CFUUFS FMFDUSPOJD NBOJGFTUT

" QPUFOUJBM NBTTJWF FYQBOTJPO JO ESBXCBDL DPVME CF BU XPSL GPS TPNF DMBJNBOUT $VTUPNT JT BMTP SFMBYJOH JUT SF RVJSFNFOU GPS QSPPGT PG FYQPSU i*OOPWBUJPO UISPVHI DPNQMJBODFu XJMM CF UIF OBNF PG UIF HBNF JO UIF DVSSFOU BOE GVUVSF USBEF FOWJSPONFOU

-PUT PG $BOBEJBO DPNQBOJFT BSF NBLJOH VTF PG UIJT 1FUFSTPO OPUFE %VUZ ESBXCBDL SFGPSN JT BOPUIFS BSFB XIFSF $BOBEJBOT DBO CFOFfiU *U BMMPXT GPS UIF TVCTUJUVUJPO PG VOVTFE NFSDIBO EJTF ESBXCBDL < 64$ K

m CBTFE PO iDPNNFSDJBM JOUFSDIBOHFBCJMJUZu

ALABAMA

TENNESSEE D A I L Y

OHIO

D I R E C T

KENTUCKY

INDIANA

S E R V I C E

YOUR CROSS-BORDER SPECIALIST

1 . 87 7.74 0 . 3 9 4 0

GXTS.COM

LTL | DEDICATED | TL | DIRECT | EXPEDITED | DRY VAN | CONSOLIDATIONS 333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭāĈ

3PL SURVEY

WHERE’S THE PARTY? RESULTS FROM OUR 2017 CANADIAN SHIPPER AND MM&D THIRD PARTY LOGISTICS SURVEY

BY JULIA KUZELJEVICH

18 March/April 2017 www.canadianshipper.com

ă ƫ

ƫ ƫ

ƫ%/ƫ * Ě/ƫ( .#!/0ƫ!* ġ0+ġ!* ƫ/1,,(5ƫ $ %*ƫ/+(10%+*/ƫ +), *5ƫ"+ 1/! ƫ!4 (1/%2!(5ƫ+*ƫ 0$!ƫ$ * (%*#ƫ+"ƫ0!),!. 01.!ƫ/!*/%0%2!ƫ,.+ 1 0/ċƫ !./ +( ƫ !(%2!./ƫ ƫ/1%0!ƫ+"ƫ"1((5ƫ%*0!#. 0! ƫ (+#%/0% /ƫ/!.2% !/ƫ0$.+1#$ƫ%0/ƫ* 0%+* (ƫ*!03+.'ƫ+"ƫ %* 1/0.5ƫ(! %*#ƫ" %(%0%!/Čƫ0. */,+.0 0%+*ƫ"(!!0ƫ * ƫ 2 * ! ƫ0! $*+(+#%!/ƫ0$ 0ƫ/!0ƫ0$!ƫ !* $) .'ƫ"+.ƫ !//% %(%05Čƫ%*"+.) 0%+*ƫ2%/1 (%6 0%+*Čƫ.! (ġ0%)!ƫ 0. '%*#ƫ * ƫ%*2!*0+.5ƫ) * #!)!*0ċƫ ),+3!.! ƫ 5ƫ %0/ƫ +))%0)!*0ƫ0+ƫ!4 !,0%+* (ƫ/!.2% !Čƫ,!."+.) * !ƫ .%2!*ƫ 1(01.!ƫ * ƫ ! % 0! ƫ"+ 1/ƫ+*ƫ +*0%*1+1/ƫ %**+2 0%+*Čƫ !./ +( ƫ%/ƫ ƫ0.1/0! ƫ * ƫ2 (1! ƫ, .0*!.ƫ 0+ƫ%0/ƫ (%!*0/ƫĢƫ!* (%*#ƫ 1/%*!//ƫ/0. 0!#%!/ƫ * ƫ .!2!*1!ƫ#.+30$ƫ3%0$%*ƫ$%#$(5ƫ/!*/%0%2!ƫ * ƫ.!#1( 0! ƫ !*2%.+*)!*0/ċƫ !./ +( ƫ%/ƫ,.+1 ƫ0+ƫ,( 5ƫ ƫ'!5ƫ.+(!ƫ %*ƫ!*/1.%*#ƫ0$!ƫ%*0!#.%05Čƫ-1 (%05ƫ * ƫ".!/$*!//ƫ+"ƫ /+)!ƫ+"ƫ +.0$ƫ )!.% Ě/ƫ)+/0ƫ !(+2! ƫ"++ ƫ . * /ƫ Ģƫ,.+0! 0%*#ƫ0$!ƫ$! (0$ƫ * ƫ3!((*!//ƫ+"ƫ" )%(%!/ƫ ".+)ƫ! /0ƫ0+ƫ3!/0ƫ + /0ƫĢƫ0$.+1#$ƫ!4 !,0%+* (ƫ"++ ƫ / "!05ƫ * ƫ +( ġ $ %*ƫ-1 (%05ƫ //1. * !ċƫƫ +.ƫ)+.!ƫ %*"+.) 0%+*ƫ +10ƫ !./ +( ƫ +#%/0% /ƫ !.2% !/Čƫ ,(! /!ƫ2%/%0ƫ333ċ2!./ +( ċ +)ƫ+.ƫ +**! 0ƫ3%0$ƫƫ 1/ƫ+*ƫ %*'! *Čƫ ! ++'ƫ+.ƫ 3%00!.ċ

VUTPVSDJOH DPOUJOVFT UP JODSFBTF JO QPQVMBSJUZ BT B TPMVUJPO UIBU BEESFTTFT TVQQMZ DIBJO DIBMMFOHFT BT PVS MBUFTU $BOBEJBO 4IJQQFS .. % ThJSE 1BSUZ -PHJTUJDT TVSWFZ JOEJDBUFT #VU SFTQPOEFOUT TUJMM JOEJDBUF UIFSF BSF DPODFSOT BSPVOE UIFJS PVU TPVSDJOH SFMBUJPOTIJQT BOE NBOZ EPO U IBWF B DPODSFUF IBOEMF PO DPTUT BOE PUIFS WBSJBCMFT XJUIJO UIF SFMBUJPOTIJQT 4PNF PG SFTQPOEFOUT EFTDSJCF UIFJS DPN QBOZ T PQFSBUJPOT JO UFSNT PG JUT VTF PG MPHJTUJDT PQFSBUJPOT BT iDVSSFOUMZ PVUTPVSDF TPNF PS BMM MPHJTUJDT GVODUJPOT BOE XJMM DPOUJOVF UP EP TPu 8IJMF PG PVS SFTQPOEFOUT MBTU ZFBS PVU TPVSDFE BOE XPVME DPOTJEFS EPJOH TP BHBJO UIJT ZFBS JOEJDBUFE UIJT XBT UIF DBTF -BTU ZFBS JOEJDBUFE UIFZ iIBWF OFWFS PVUTPVSDFE BOE IBWF OP JNNFEJBUF QMBOT UP EP TP u #VU UIJT ZFBS UIF OVNCFS SPTF UP XIP JO EJDBUFE UIFZ IBWF OFWFS PVUTPVSDFE BOE OP JN NFEJBUF QMBOT UP EP TP 4PNF BSF OPU DVSSFOUMZ PVUTPVSDJOH CVU DPOTJEFSJOH EPJOH TP XIJMF IBWF PVUTPVSDFE JO UIF QBTU CVU IBWF OP QMBOT UP PVUTPVSDF JO GVUVSF ThF SFTQPOEFOU CBDLHSPVOE GPS PVS TVS WFZ JT BT GPMMPXT r JOEJDBUF UIFZ QVSDIBTF PS JOflVFODF UIF QVSDIBTF PG USBOTQPSUBUJPO BOE MPHJTUJDT TFSWJDFT r SFTQPOEFE UIBU UIF HFPHSBQIJD TDPQF PG UIFJS MPHJTUJDT SFTQPOTJCJMJUZ JT CFUXFFO $BOBEB BOE UIF 6 4 WT JO BOE $BOBEB EPNFTUJD WT MBTU ZFBS

r PG SFTQPOEFOUT CFMPOH JO UIF NBOVGBDUVSJOH TFDUPS XJUI TBZJOH UIFZ BSF TFSWJDF QSPWJEFST 8IFO BTLFE BCPVU UIF UZQF PG JOEVTUSZ UIFJS DPNQBOZ CFMPOHT UP PG SFTQPOEFOUT DBNF GSPN UIF USBOTQPSUBUJPO JOEVTUSZ GSPN DPOTVNFS QSPEVDUT UIF OFYU CJHHFTU DBUFHPSZ +*0%*1! ƫƫ

ƫ ƫ ƫ

ąćŌƫ

āĂŌƫ

ĈŌƫ

ĆŌƫ

ćŌƫ

ĈŌƫ

! 1 !ƫ +/0/

*$ * !ƫ 1/0+)!.ƫ /!.2% !

),.+2!ƫ /1,,(5ƫ $ %*ƫ !4! 10%+*

!! ƫ0+ƫƫ '!!,ƫ1,ƫ3%0$ƫ (+#%/0% /ƫ /+"03 .!ƫ 0! $*+(+#5

4, * ƫƫ +.ƫ%),.+2!ƫ /!.2% !ƫ0+ƫ*!3ƫ %*0!.* 0%+* (ƫ ) .'!0/

!! ƫ0+ƫ %),.+2!ƫ /1,,(5ƫ $ %*ƫ ) * #!)!*0

+"ƫ.!/,+* !*0/

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭāĊ

ă ƫ

+*0%*1!

0%*1! ƫ".+)ƫ,ċƫāĊ

BOE TFSWJDFT BU 5IF OFYU IJHIFTU DBUFHPSZ XBT GPPE BOE LJOESFE QSPE VDUT BU )PX NVDI PG UPUBM MPHJTUJDT FYQFOEJ UVSFT BSF DVSSFOUMZ EJSFDUFE UP PVUTPVSDJOH 'FXFS UIBO PG SFTQPOEFOUT JOEJ DBUFE UIBU PG UIFJS UPUBM MPHJTUJDT FYQFOEJUVSFT XFSF DVSSFOUMZ EJSFDUFE UP PVUTPVSDJOH #FUXFFO BOE EJSFDU PG UIFJS UPUBM MPHJTUJDT FYQFOEJUVSFT UP PVUTPVSDJOH BOE EJSFDU PG FYQFOEJUVSFT UP UIJT BDUJWJUZ ThF UPQ DIBMMFOHF GPS SFTQPOEFOUT JT UIF OFFE UP SFEVDF DPTUT Th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fiM NFOU EJTUSJCVUJPO DPOUSPM DVTUPNFS TFSWJDF DBMM DFOUFS JOWFOUPSZ NBOBHF NFOU TVQQMZ DIBJO NBOBHFNFOU JOUF HSBUJPO QSPEVDU BTTFNCMZ JOTUBMMBUJPO MFBE MPHJTUJDT PSEFS FOUSZ QSPDFTTJOH BOE USBEF GJ BODJOH -PPLJOH BIFBE fiWF ZFBST XIBU TFS WJDFT EP DPNQBOJFT FOWJTJPO UIFZ MM CF PVUTPVSDJOH +*0%*1! ƫƫ

ƫ

.!"!.ƫ0+ƫ+3*ĥ +*0.+(ƫ"1* 0%+*/ƫ !2%!3ƫ +/0/ƫ

ăĊŌƫ

0%)!/ƫ+10/+1. !

+3*!./$%,ƫ * ƫ +10/+1. %*#ƫ

ąāŌƫ

!"+.!ƫ

.!"!.ƫ0+ƫ+10/+1. !ƫ

! %/%+*

*+*ġ +.!ƫ 1/%*!//ƫ

ĂĀŌƫ

0%2%0%!/ƫ3$!.!ƫ ,+//% (!

ƫ

ĆŌƫ

ćŌ

ćăŌƫ

ĉŌ

āĊŌ

+"ƫ.!/,+* !*0/

10/+1. !ƫ /+)!ƫƫ +.ƫ ((ƫ(+#%/0% /ƫ "1* 0%+*/ƫ * ƫ 3%((ƫ +*0%*1!ƫƫ 0+ƫ +ƫ/+

+0ƫ 1..!*0(5ƫ +10/+1. %*#ƫƫ 10ƫ +*/% !.%*#ƫ +%*#ƫ/+

2!ƫ +10/+1. ! ƫ %*ƫ, /0ƫ 10ƫ *+ƫ,( */ƫ0+ƫ +10/+1. !ƫ %*ƫ"101.!

2!ƫƫ +10/+1. ! ƫƫ %*ƫ, /0ƫ * ƫƫ +*/% !.%*#ƫƫ +%*#ƫ/+ƫ # %*

2!ƫ*!2!.ƫ +10/+1. ! ƫ * ƫ*+ƫ %))! % 0!ƫ ,( */ƫ0+ƫƫ +ƫ/+

ƫ ƫ ƫ ƫ ƫ ƫ

!//ƫ0$ *ƫ ĂĀŌ

ăĆŌƫ

ĉāġāĀĀŌ

āĊŌ

ćāġĉĀŌ

āĂŌƫ

āĉŌƫ ĂāġąĀŌ

āćŌƫ ąāġćĀŌ

ĂĀƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

%*ƫ$+1/!Čƫ/+)!ġ

!03!!*ƫ

Bigger Fleet. Wider Reach. Broader Possibilities.

Across town or across the continent, we have the fleet, range and technology to meet your transportation needs.

Ensuring the safe transportation of temperature sensitive products across Canada and to and from the USA – over 450,000 shipments and 1.1 billion pounds of product per year, to be exact – VersaCold is more than Canada’s largest temperature sensitive supply chain solutions company, we are your trusted transportation partner.

Whether you’re looking to go 3 blocks or 3,000 kilometres, standard or expedited, LTL or TL, domestic or cross border, we have you covered. Our exceptional food safety and cold-chain assurance ensures the integrity, quality and freshness of your product, and our transportation management system gives you total visibility every step of the way.

Call today for a free consultation. 1-800-563-COLD

WAREHOUSING

LTL & TL TRANSPORTATION

TRANSPORTATION MANAGEMENT & 4PL

3RD-PARTY LOGISTICS (3PL)

Performance Driven

/

versacold.com

DISTRIBUTOR SERVICES

NORTH AMERICA TRANSPORTATION

ă ƫ

+*0%*1! *1! ƫ".+)ƫ,ĂĀ

0VUCPVOE USBOTQPSUBUJPO SFNBJOT UIF UPQ XJUI PG SFTQPOEFOUT TBZJOH UIFZ FYQFDU UP PVUTPVSDF UIJT 4PNF FYQFDU UP PVUTPVSDF JO CPVOE USBOTQPSUBUJPO BOE TFF DVT UPNT CSPLFSBHF BT TPNFUIJOH UIFZ XJMM DPOUJOVF UP PVUTPVSDF Jn fiWF ZFBST UJNF )PXFWFS TBZ UIFZ IBWF OP QMBOT UP PVUTPVSDF BOZ BEEJUJPOBM BDUJWJUJFT WT PG SFTQPOEFOUT MBTU ZFBS *O UFSNT PG TUSBUFHJFT B LFZ PVUTPVSD JOH TUSBUFHZ BNPOHTU PVS SFTQPOEFOUT JT UP VTF NVMUJQMF QSPWJEFST BT EP PG PVS SFTQPOEFOUT UIJT ZFBS WT XIP VTF KVTU B TJOHMF QSPWJEFS 6TJOH NVMUJQMF PVUTPVSDJOH QSPWJEFST BMMPXT SFTQPOEFOUT UP iTFSWF EJffFSFOU HFPHSBQIJD BSFBTu UP VUJMJ[F B HSFBUFS SBOHF PG FYQFSUJTF BOE UP iHBJO HSFBUFS MFWFSBHF PO QSJDJOHu

+VTU VOEFS PG SFTQPOEFOUT MBTU ZFBS TBJE UIFZ EJEO U XBOU UP CF SFMJBOU PO BOZ POF QSPWJEFS ThJT ZFBS UIBU fiHVSF SPTF UP )PX BSF PVUTPVSDJOH QSPWJEFST QFS GPSNJOH 0O B TDBMF PG UP UPQ QSPWJE FST XFSF SBUFE BT GPMMPXT .BOBHJOH BOE TFSWJDJOH BDDPVOU SFBDUJOH RVJDLMZ UP DIBOHFT PS QSPCMFNT NFFUJOH QSPNJTFT PO FYFDVUJPO CFJOH QSJDF DPNQFUJUJWF BOE VOEFSTUBOEJOH UIF JOUSJDBDJFT PG DMJFOU CVTJOFTT #VU IBT PVUTPVSDJOH JNQSPWFE MPHJT UJDT PQFSBUJPOT 3FTQPOEFOUT XIP TBJE UIBU PVUTPVSD JOH MFE UP JNQSPWFE MPHJTUJDT PQFSBUJPOT QPJOUFE UP JNQSPWFE TFSWJDF BOE EFDMJO JOH DPTUT BT SFBTPOT ThJT ZFBS TFSWJDF JNQSPWFE GPS PG PVS SFTQPOEFOUT WT PG SFTQPO EFOUT MBTU ZFBS XIJMF UIJT ZFBS MPHJTUJDT DPTUT EFDMJOFE GPS PG SFTQPOEFOUT WT MBTU ZFBS 0UIFS JNQSPWFNFOUT JODMVEFE TIPSUFOFE BWFSBHF PSEFS DZDMF MFOHUIT EFDMJOF PG PWFSBMM JOWFOUPSJFT BOE MPHJTUJDT BTTFUT EFDMJOFE -PPLJOH BU BDUVBM DPTU EFDMJOF BT B SF TVMU PG PVUTPVSDJOH UP B UIJSE QBSUZ QSPWJE FS KVTU PG SFTQPOEFOUT UIJT ZFBS TBJE UIJT EFDMJOF XBT MFTT UIBO XIJMF TBJE UIFZ TBX B EFDMJOF PG CFUXFFO "T B SFTVMU PG PVUTPVSDJOH PG SFTQPOEFOUT TBJE UIFJS PWFSBMM JOWFOUP SJFT EFDMJOFE CZ MFTT UIBO +VTU PWFS TBJE UIF EFDMJOF XBT CFUXFFO ĂĂƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

ƫ ƫ ƫ 10 +1* ƫ0. */,+.0 0%+*

ĈăŌ * +1* ƫ0. */,+.0 0%+*

ĆĉŌƫ 1/0+)/ƫ .+'!. #!

ĆĊŌ 1/0+)/ƫ (! . * !

ĆąŌƫ .!$+1/%*#ƫƫƫ

ăāŌ .!%#$0ƫ"+.3 . %*#

ăĂŌƫ $%,)!*0ƫ +*/+(% 0%+*ĥ %/0.% 10%+*

ĂĀŌ .+//ƫ + '%*#

āĉŌƫ .!%#$0ƫ %((ƫ 1 %0%*#

āāŌ !(! 0! ƫ) *1" 01.%*#ƫ 0%2%0%!/

ĉŌƫ

ƫ ƫ ƫ ƫ

ƫ ă ƫ

!//ƫ.!(% * !ƫ+*ƫƫ *5ƫ+*!ƫ,.+2% !.

āĂŌƫ !.2!ƫ %""!.!*0ƫ #!+#. ,$% ƫ .! /

ąĆŌƫ āĆŌƫ .! 0!.ƫ . *#!ƫ+"ƫ !4,!.0%/!

+), .!ƫ /!.2% !ƫ (!2!(/

ĆŌƫ

ĂĀŌƫ .! 0!.ƫ(!2!. #!ƫ +*ƫ,.% %*#

ă ƫ

BOE EJEO U LOPX /BNFMZ PODF SFMBUJPOTIJQT IBE DPN NFODFE SFTQPOEFE UIBU UIFSF IBE CFFO DPTU iDSFFQu BOE QSJDF JODSFBTFT BOE TBJE UIFSF XBT B MBDL PG DPOUJOVPVT POHPJOH JNQSPWFNFOUT BOE BDIJFWFNFOUT JO TFSWJDF PffFSJOHT "MNPTU TVHHFTUFE UIBU UIFJS TFSWJDF MFWFM DPNNJUNFOUT IBE OPU CFFO SFBMJ[FE BT B SFTVMU PG PVUTPVSDJOH ThF UPQ SFBTPO GPS OPU PVUTPVSDJOH JT UIBU DPNQBOJFT BSF DPODFSOFE BCPVU UIFJS MPTT PG DPOUSPM BT B SFTVMU BT PG SFTQPOEFOUT JOEJDBUFE 4PNF CFMJFWF DPTUT VMUJNBUFMZ XPVME OPU CF SFEVDFE

BOE CFMJFWF UIBU TFSWJDF MFWFMT XPVME CF KFPQBSEJ[FE JG UIFZ MPTU DPOUSPM PG UIJT GVODUJPO 8JUI UIJT MPTT PG DPOUSPM SF TQPOEFE UIBU UIFZ GFMU DVTUPNFS DPN QMBJOUT XPVME JODSFBTF +VTU PWFS PG PVS SFTQPOEFOUT UIJT ZFBS TBJE UIBU UIFJS DPNQBOZ T FTUJNBUFE BOOVBM TBMFT XFSF MFTT UIBO NJMMJPO XJUI BMNPTU JOEJDBUJOH UIFJS DPN QBOJFT TPME CFUXFFO BOE NJMMJPO FBDI ZFBS "QQSPYJNBUF BOOVBM MPHJTUJDT CVEHFUT GPS SFTQPOEFOUT UIJT ZFBS XIJDI JODMVEFE JOCPVOE PVUCPVOE USBOTQPSUB UJPO EJTUSJCVUJPO XBSFIPVTJOH DPVSJFST -5- 5- DSPTTEPDLJOH BOE QVCMJD XBSF IPVTFT SBOHFE GSPN MFTT UIBO GPS UP PWFS NJMMJPO GPS KVTU VO EFS PG SFTQPOEFOUT XJUI UIF MBSHFTU QFSDFOUBHF IBOEMJOH GSPN NJM MJPO UP NJMMJPO JO BOOVBM CVEHFUT

ƫ ƫ ƫ ƫƫ Ĩ ƫ ƫāƫ ƫĆĩ

ăċĉĊ

ăċĈĉ

ăċĉă

ăċĈą

ăċĈą

* #%*#ƫ * ƫ /!.2% %*#ƫ +1*0

! 0%*#ƫ -1% '(5ƫƫ 0+ƫ $ *#!/ƫƫ +.ƫ,.+ (!)/

!!0%*#ƫ ,.+)%/!/ƫ+*ƫ !4! 10%+*

!%*#ƫ,.% !ƫ +),!0%0%2!

* !./0 * %*#ƫ %*0.% %!/ƫ+"ƫ (%!*0ƫ 1/%*!//

ƫ ƫ ƫ ƫ ƫ ƫ

ăĂŌƫ

+#%/0% /ƫ +/0/ƫ ! (%*!

ăĆŌƫ

!.2% !ƫ$ /ƫ%),.+2!

ĊŌƫ

+#%/0% /ƫ //!0/ƫ$ 2!ƫ ! (%*!

2!. #!ƫ+. !.ƫ 5 (!ƫ(!*#0$ƫ/$+.0!*!

āŌƫ

ĆŌƫ

2!. ((ƫ%*2!*0+.%!/ƫ ! (%*!

ƫ ƫ ƫă ƫ

ăĈŌƫ

āćŌ

āĀŌ

ĆŌ

ĈŌ

ăŌ

ąŌ

+/0ƫ .!!,ƫ * ƫ,.% !ƫ %* .! /!/

'ƫ+"ƫ +*0%*1+1/ƫ +*#+%*#ƫ %),.+2!)!*0/ƫ %*ƫ/!.2% !

!.2% !ƫ(!2!(ƫ +))%0)!*0/ƫ *+0ƫ.! (%6!

+/0ƫ .! 1 0%+*/ƫ *+0ƫ.! (%6!

%)!ƫ * ƫƫ !""+.0ƫ/,!*0ƫƫ +*ƫ(+#%/0% /ƫƫ *+0ƫ.! 1 !

'ƫ+"ƫƫ /0. 0!#% ƫ ) * #!)!*0ƫ /'%((/

2!.ƫ ,.+)%/%*#ƫ+*ƫ /!.2% !/ƫ 1!ƫ0+ƫ +),!0%0%2!ƫ ,.!//1.!/

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĂă

ă ƫ ƫģƫ ƫ ƫ

$5ƫ%/ƫă ƫ //!*0% (ƫ0+ƫ 0$!ƫ + !.*ƫ 1,,(5ƫ $ %*ĕ &WFSZ ZFBS TVQQMZ DIBJO NBOBHFNFOU CFDPNFT NPSF DPNQMFY EVF UP DIBOHJOH SFHVMBUJPOT UFDIOPMPHZ BOE B WBSJFUZ PG PUIFS GBDUPST ThJT DPNQMFYJUZ IBT NBEF JU NPSF EJffiDVMU GPS NJE UJFS BOE MBSHF TJ[FE DPNQBOJFT UP PWFS TFF FWFSZ FMFNFOU PG UIFJS TVQQMZ DIBJO GSPN CFHJOOJOH UP FOE ThBU JT XIZ TJODF UIF T XF IBWF TFFO NPSF BOE NPSF DPNQBOJFT SFMZ JODSFBTJOHMZ PO SE QBSUZ MPHJTUJDT 1- QSPWJEFST UP NBOBHF BOE TVQQPSU UIFJS TVQQMZ DIBJO *O UIF 1- TVSWFZ ZPV MM TFF UIBU UIFSF BSF USFNFO EPVT WBSJBUJPOT JO PVUTPVSDJOH QIJMPTPQIJFT TUSBUFHJFT BOE FYFDVUJPOT *O UIF FOE CSJOHJOH JO FYQFSUT GPS TPNF PS BMM BTQFDUT PG ZPVS TVQQMZ DIBJO DBO IFMQ ZPVS DPNQBOZ CF BU UIF MFBEJOH FEHF PG ZPVS JOEVTUSZ CZ MFWFSBHJOH UIF MBUFTU UFDIOPMPHJFT CFTU QSBDUJDFT BOE JOEVTUSZ JOOPWBUJPOT UIBU B 1- DBO QSPWJEF ă ƫ%/ƫ *ƫ!//!*0% (ƫ, .0ƫ+"ƫƫ 0$!ƫ)+ !.*ƫ/1,,(5ƫ $ %* ThF CVTJOFTT PG 1- DBO CF USBDFE CBDL UP UIF T BT B XBZ PG JEFOUJGZJOH JOUFSNPEBM NBSLFUJOH DPNQBOJFT *.$T JO DPOUSBDUT GPS UIF USBOTQPSUBUJPO PG HPPET ThFTF *.$T TUBSUFE PVU TFSWJOH UIF QVSQPTF PG JOUFSNF EJBSJFT XIBU XF XPVME DBMM B NJEEMF NBO UIBU XPVME BDDFQU TIJQNFOUT GSPN TIJQQFST BOE UFOEFS UIFN UP SBJM DBSSJFST ThJT GVODUJPO FffFDUJWFMZ NBEF UIFN SE QBSUJFT UP UIF SFMBUJPOTIJQ IFODF UIF UFSN 1- " MPU IBT DIBOHFE TJODF UIBU UJNF BOE SE QBSUZ MPHJTUJDT QSPWJE FST IBWF HSPXO UP PffFS B WBSJFUZ PG DVTUPNJ[FE TPMVUJPOT UFDIOPMPHJDBM BEWBODFT JOOPWBUJPOT BOE CFTU QSBDUJDFT UIBU QSPWJEF DMJFOUT XJUI B USVF QBSUOFS GPS BMM UIFJS MPHJT UJDBM OFFET $ 0ƫ$ /ƫ $ *#! ĕ /P MPOHFS KVTU BO JOUFSNFEJBSZ 1- QSPWJEFST IBWF CF DPNF USVTUFE QBSUOFST UIBU VUJMJ[F UIFJS PXO TQFDJBMJ[FE BTTFUT UP SFEVDF B DPNQBOZ T DBQJUBM DPTUT BOE QSPWJEF JOEVTUSZ LOPXMFEHF UP NFFU TQFDJfiD PVUTPVSDJOH OFFET ThF TQFDJBMJ[FE BTTFUT BWBJMBCMF GPS B DVTUPNFS T TVQQMZ

Ăąƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

DIBJO NBZ JODMVEF EFEJDBUFE XBSFIPVTJOH USBOTQPSUB UJPO JOWFOUPSZ NBOBHFNFOU QBDLBHJOH BOE NVDI NPSF 8JUI UIF FYQBOTJPO PG 1- TFSWJDFT XF IBWF BMTP TFFO JODSFBTFE TFSWJDF JOUFHSBUJPO PS CVOEMJOH XIJDI SFEVDFT DPTUT BOE CVJMET TUSPOHFS SFMBUJPOTIJQT UISPVHI UBJMPS NBEF TPMVUJPOT GPS UIF DMJFOU 5IFTF TPMVUJPOT DBO IBWF UIF BEEFE CFOFfiU PG QSPWJEJOH B DPNQBOZ XJUI VOJRVF HSPXUI PQQPSUVOJ UJFT 5ISPVHI UIF VOEFS TUBOEJOH PG B DVTUPNFS T VOJRVF DIBMMFOHFT BOE HPBMT 1- DBO QSPWJEF BDDFTT UP OFX HFPHSBQIJD BOE QSPEVDU NBSLFUT UIBU XPVME CF PUIFSXJTF EJGGJDVMU UP FOUFS XJUIPVU UIF TQFDJBMJ[FE LOPXMFEHF BOE FYQFSUJTF PG B 1- QSPWJEFS ThBU FffFDUJWFMZ HFUT UP UIF DPSF PG XIZ 1- IBT TVD DFTTGVMMZ XPSLFE GPS TP NBOZ CVTJOFTTFT PWFS UIF ZFBST " RVBMJUZ 1- QSPWJEFS XPSLT XJUI DMJFOUT UP JEFOUJGZ UIFJS CVTJOFTT HPBMT WBMVFT BOE JOGSBTUSVDUVSF OFFET 0ODF JEFOUJfiFE UIF QSPWJEFS UBLFT UIJT JOGPSNBUJPO BOE DSF BUFT JOOPWBUJWF TPMVUJPOT UIBU FOIBODF UIF DVTUPNFS T TVQQMZ DIBJO BOE TBWFT UIFN NPOFZ ă ƫ,.+2% !/ƫ 1/0+)!./ƫ3%0$ƫ)+.!ƫ0$ *ƫƫ +/0ƫ/ 2%*#/ģ%0ƫ,.+2% !/ƫ.! (ƫ2 (1!

"MUIPVHI CFOFfiDJBM JO PUIFS BSFBT XIFO JU DPNFT UP UIF TVQQMZ DIBJO GPS UFNQFSBUVSF TFOTJUJWF QSPEVDUT TQFDJfi DBMMZ NBOZ DPNQBOJFT BSF GPSDFE UP SFMZ PO PME PS FWFO PCTPMFUF BTTFUT CFDBVTF UIFZ MBDL UIF OFDFTTBSZ DBQJUBM GPS JOWFTUNFOU JO OPO DPSF BSFBT PG UIFJS CVTJOFTT "T CVTJ OFTTFT GFFM UIF QSFTTVSF UP CFDPNF MFBOFS UP DPNQFUF JO UIF HMPCBM NBSLFU B 1- QSPWJEFT UIF BOTXFS UP DPNQB OJFT MPPLJOH UP JNQSPWF FffiDJFODJFT SFEVDF FYQFOEJUVSFT BOE UBLF BEWBOUBHF PG JOOPWBUJWF QSPDFTTFT BOE UFDIOPMP HJFT UIFZ XPVME OPU CF BCMF UP MFWFSBHF PUIFSXJTF 8IFO ZPV PVUTPVSDF FMFNFOUT PG ZPVS FOUJSF TVQQMZ DIBJO B USVTUFE SE QBSUZ MPHJTUJDT QSPWJEFS FOTVSFT UIBU ZPV DBO ZPV GPDVT PO ZPVS DPSF CVTJOFTT "GUFS BMM JU JT ZPVS DPSF CVTJOFTT UIBU HFOFSBUFT SFWFOVF OPU UIF MPHJT UJDT TVSSPVOEJOH UIF QSPEVDU

ƫ

0ċƫ 3.!* !ƫ ! 3 5ƫ %)/ƫ0+ƫƫ ! /!ƫ* 2%# 0%+*ƫ"+.ƫ1/!./ ƫ

ƫ

IJQQJOH PO UIF 4U -BXSFODF 4FB XBZ XJMM JODSFBTJOHMZ EFQFOE PO TUBLFIPMEFST BCJMJUZ UP NBLF UIF XBUFSXBZ NPSF FffFDUJWF BOE BU USBDUJWF UP DVTUPNFST "U UIF UI BOOVBM )XZ ) 0 $POGFS FODF JO /PWFNCFS 5FSFODF #PXMFT 1SFTJEFOU BOE $&0 4U -BXSFODF 4FB XBZ .BOBHFNFOU $PSQPSBUJPO TBJE UIF 4FBXBZ IBT UP DPOUJOVF UP CF DPNQFUJ UJWF UP TIJQQFST ThF KPJOU $BOBEB 64 NBSLFUJOH QSP HSBN IBT CFFO JO FYJTUFODF GPS PWFS B EF DBEF BOE QSPWJEFT TQFDJBMJ[FE BTTJT UBODF ThF 4FBXBZ BENJOJTUSBUJPO XJMM BUUFOE NPSF 64 FWFOUT JO GVUVSF UP JO DSFBTF JUT QSFTFODF #SVDF )PEHTPO %JSFDUPS .BSLFU %F WFMPQNFOU 4U -BXSFODF 4FBXBZ .BOBHF NFOU $PSQPSBUJPO TBJE UIBU UIF )JHIXBZ ) 0 HBUFXBZ CPBTUT NFNCFST BOE B SFWBNQFE XFCTJUF UIBU JT UISFF TDSFFO SF TQPOTJWF BOE FBTJFS UP OBWJHBUF PffFSJOH B SPVUF BOE UPMM DBMDVMBUPS BOE UPMM JODFO UJWFT 3FUFOUJPO PG OFX CVTJOFTT JT WFSZ IJHI BU IF OPUFE ThF i4IJQQJOH 4JNQMJfiFEu BQQSPBDI EFWFMPQFE CZ UIF 4FBXBZ JT B OFX BQ

QSPBDI UIBU BJNT UP DPVOUFS UIF NZUI UIBU UIF 4FBXBZ TZTUFN JT DPNQMJDBUFE 4JODF UIFSF IBT CFFO B NJM MJPO HBJO JO OFX CVTJOFTT " HBUFXBZ JODFOUJWF MBVODIFE BU UIF TUBSU PG UIF TFBTPO JO PffFSFE B SF EVDUJPO GPS TIJQQFST )PEHTPO TBJE UIFSF IBT CFFO TPNF TVDDFTT XJUI UIF WPMVNF SFCBUF GPS TIJQ QFS DVTUPNFST UIBU JT CBTFE PO JODSF NFOUBM UPOOBHF .JLF 1JTLVS 1SPHSBN .BOBHFS $PO GFSFODF PG (SFBU -BLFT BOE 4U -BXSFODF (PWFSOPST BOE 1SFNJFST TQPLF PG UIF NJTTJPO UP HSPX UIF SFHJPO T USJMMJPO FDPOPNZ BOE QSPUFDU UIF XPSME T MBSHFTU TZTUFN PG TVSGBDF GSFTI XBUFS ThF NBSJUJNF TZTUFN JT B CBDLCPOF PG UIF SFHJPO T FDPOPNZ *O UIF SFHJPO TBX UIF MBVODI PG UIF NBSJUJNF JOJUJBUJWF BNPOHTU HPWFSOPST BOE QSFNJFST UISPVHI UIF DSFBUJPO PG UIF .BSJUJNF 5BTL 'PSDF XIJDI BJNT UP JNQSPWF UIF TZTUFN T Fffi DJFODZ BOE DPNQFUJUJWFOFTT *O +VOF UIF 3FHJPOBM .BSJUJNF &OUJUZ XBT DSFBUFE DIBSHFE XJUI EFWFM PQJOH B SFHJPOBM NBSJUJNF TUSBUFHZ MPPL JOH UP EPVCMF NBSJUJNF USBEF TISJOL UIF

FOWJSPO NFOUBM JNQBDU PG USBOTQPSUBUJPO BOE TVQQPSU UIF SFHJPO T JOEVTUSJBM DPTU SF EVDUJPO UISPVHI JOGSBTUSVDUVSF MPDLT DIBOOFMT IBSCPVST FUD ThF .54 JT BMTP MPPLJOH BU IPX UP PQ UJNJ[F UIF TIJQQJOH TFBTPO UISPVHI UIF HBUFXBZ ThFSF JT HSPXJOH BDUJWJUZ BSPVOE UIF .54 BOE HSFBUFS GPDVT PO UIF BHJOH XPSLGPSDF PO UIF 4FBXBZ i8F WF XPSLFE PO EFWFMPQJOH QJQFMJOFT UP UBMFOU UISPVHI .BSJUJNF BDBEFNJFT BOE UIF NJMJUBSZ u 1JTLVS TBJE " DBSFFST QPSUBM DPVME CF JO UIF XPSL BT B SFTVMU $PNNFOUJOH PO UIF 4FBXBZ BT B ESJWFS PG HMPCBM USBEF 3VUI 4OPXEFO &YFDVUJWF %JSFDUPS PG UIF $BOBEJBO *O UFSOBUJPOBM 'SFJHIU 'PSXBSEFST "TTPDJ BUJPO TBJE UIBU GSFJHIU GPSXBSEFST NPWF UIF LJOE PG DBSHP UIBU SFRVJSFT B iTPQIJTUJDBUFE TPMVUJPO BOE UIBU UIF 4FBXBZ JT POMZ BT HPPE BT JUT QPSU BOE SBJM DPOOFDUJPOT ThF DVSSFOU USFOE JO UIF SFMBUJPOTIJQ CFUXFFO USBEF HSPXUI BOE XPSME (%1 JT XPSSZJOH 4OPXEFO TBJE OPUJOH UIBU UIJT +*0%*1! ƫƫ

į %*0ƫ 3.!* !ƫ * #!)!*0ƫ +.,+. 0%+*ƫ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĂĆ

+*0%*1! ƫ".+)ƫ, #!ƫĂĆ

IBT CFFO MPXFS UIBO PCTFSWFE BGUFS UIF MBTU UISFF EFDBEFT %BWJE 8BMLFS %JSFDUPS PG 3BJM -PHJTUJDT XJUI #/4' -PHJTUJDT $BOBEB FNQIBTJ[FE UIF SFMBUJPOTIJQ CFUXFFO SBJM BOE QPSUT BOE UIF WJBCJMJUZ PG SBJM XJUI JUT DPNQFUJUJWF QSJDJOH EFQFOEJOH PO MFOHUI PG IBVM .PSF UIBO B SBUF PS B SPVUF JU T UIF WBMVF BEEFE TFSWJDFT UIBU USVMZ BQQMZ UPEBZ IF TBJE ThF NFTTBHF SBJM BOE QPSU JOGSBTUSVD UVSF BSF LFZ UP UIF 4FBXBZ TZTUFN -PVJT 1BVM 5BSEJGG %JSFDUPS PG .VMUJ NPEBM 5SBOTQPSUBUJPO 1FSGPSNBODF BOE $BQBDJUZ "OBMZTJT XJUI 5SBOTQPSU $BOB EB PVUMJOFE TFWFSBM PCKFDUJWFT BU UIF GFE FSBM MFWFM VOEFS 5SBOTQPSUBUJPO UIF HPWFSONFOU T TUSBUFHZ XIJDI TQBO NPEFT PG USBOTQPSU TVDI BT BJS USBWFM TIJQT USVDLT BOE USBJOT BOE BDUJWJUJFT TVDI BT TFUUJOH BOE FOGPSDJOH SFHVMBUJPOT ThF BJN JT UP QSPWJEF NBDSPFDPOPNJD GBDUPST JnflVFODJOH UIF PVUMPPL GPS DPN NPEJUJFT BOE QFSGPSNBODF NFUSJDT TZT UFN VUJMJ[BUJPO BOBMZTJT BOE PWFSBMM IFBMUI

Ăćƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

ė $!ƫ.!( 0%+*/$%,ƫ !03!!*ƫ . %(ƫ * ƫ,+.0/ƫĨ/$+1( ƫ !ƫ !),$ /%6! ĩČƫ * ƫ0$!ƫ2% %(%05ƫƫ +"ƫ. %(ƫ3%0$ƫ%0/ƫ +),!0%0%2!ƫ ,.% %*#ƫ !,!* %*#ƫ+*ƫ(!*#0$ƫ +"ƫ$ 1(ċƫ +.!ƫ0$ *ƫ ƫ. 0!ƫ+.ƫ ƫ.+10!Čƫ%0Ě/ƫ0$!ƫ2 (1!ƫ

! ƫ

/!.2% !/ƫ0$ 0ƫ0.1(5ƫ ,,(5ƫ0+ 5ċĘ 2% ƫ ('!.Čƫ %.! 0+.ƫ+"ƫ %(ƫ +#%/0% /ƫ 3%0$ƫ ƫ +#%/0% /ƫ *

PG UIF USBOTQPSUBUJPO TZTUFN 3JTL NPOJUPSJOH PG QPUFOUJBM TUSFTTFT PO UIF NVMUJNPEBM USBOTQPSUBUJPO TZTUFN JT BMTP B HPBM ThF TUSBUFHZ BJNT UP EFUFSNJOF UIF SPMFT PG FBDI DPNQPOFOU PG UIF USBOTQPS

UBUJPO TZTUFN PO LFZ DPNNPEJUZ TVQQMZ DIBJOT 8IBU JT UIF TVQQMZ DIBJO QFSGPS NBODF PG SFTQFDUJWF TFDUPST 5BSEJGG TBJE UIBU BU 5SBOTQPSU $BOBEB UIFSF JT B QPMJDZ TIJGU UP MPPLJOH BU UIF TVQQMZ DIBJO BT B XIPMF UIPVHI UIF EF QBSUNFOU JT PSHBOJ[FE VOEFS NPEFT )F OPUFE UIF 4FBXBZ JT B SFTJMJFOU BT QFDU PG PVS TZTUFN CVU XF OFFE B CFUUFS VOEFSTUBOEJOH PG UIF NVMUJNPEBM DPO OFDUJPOT UIF DBUDINFOU BSFB PG DPNNPE JUJFT TIJQQFE UIF JOUFHSBUJPO JOUP UIF /PSUI "NFSJDBO FDPOPNZ BOE UIF DIBOH JOH EZOBNJDT BOE WVMOFSBCJMJUJFT 5SBOTQPSU $BOBEB BOE UIF 4FBXBZ IBWF IBE B EBUB BHSFFNFOU JO QMBDF TJODF 5SBOTQPSU $BOBEB JT BEESFTTJOH UIF EBUB JTTVFT SBJTFE JO UIF $5" 3FWJFX BOE NBSJOF TUBUJTUJDT JT BO BSFB XIFSF EFWFM PQNFOU XJMM CF JOJUJBUFE i8F NBZ OFFE UP DSFBUF B TQFDJfiD 4FB XBZ TVQQMZ DIBJO XPSLJOH HSPVQ UP EFfiOF UIF NFUSJDT BOE IPX UIFTF NFUSJDT XJMM CF DPNNVOJDBUFE u IF TBJE

ƫ ƫ ƫ ƫ

ƫ ƫ "GUFS PQFOJOH UIF TFBTPO PO .BSDI UIF 4t. -BXSFODF 4FBXBZ DMPTFE PO %F DFNCFS FOKPZJOH B OBWJHBUJPO TFBTPO PG EBZT ThJT QFSGPSNBODF UJFT UIF SF DPSE fiSTU FTUBCMJTIFE JO BOE NBUDIFE JO GPS UIF MPOHFTU OBWJHBUJPO TFBTPO ThF 4U -BXSFODF 4FBXBZ .BOBHF NFOU $PSQPSBUJPO SFDPSEFE B UPUBM PG NJMMJPO UPOOFT PG DBSHP USBOTJUJOH UIF 4FB XBZ T MPDLT JO (SBJO NPWFNFOUT QPTUFE B TUSPOH QFSGPSNBODF GPS B UIJSE DPOTFDVUJWF TFBTPO DPOUSJCVUJOH NJM MJPO UPOOFT PG UIF UPUBM BOE DPOUJOVJOH UP USBDL XFMM BCPWF UIe fiWF ZFBS BWFSBHF ThF 1PSU PG ThVOEFS #BZ UIF QSJODJQBM QPJOU PG FOUSZ GPS HSBJO JOUP UIF (SFBU -BLFT 4U -BXSFODF 4FBXBZ 4ZTUFN SF QPSUFE B MBUF TFBTPO TVSHF JO HSBJO BDUJWJ UZ BT MPBEJOHT JO %FDFNCFS USVNQFE BMM +*0%*1! ƫƫ

Experience, Connections, Opportunities

į .%+ƫ 1 !.0ĥ $ ) !.ƫ+"ƫ .%*!ƫ +))!. !

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĂĈ

+*0%*1! ƫ".+)ƫ, #!ƫĂĈ

QSFWJPVT %FDFNCFS BDUJWJUZ TJODF (SBJO BDUJWJUZ XBT BMTP TUSPOH JO UIF 64 BT UIF UPUBM WPMVNF PSJHJOBUJOH GSPN QPSUT TVDI BT %VMVUI 4VQFSJPS BOE 5PMFEP JO DSFBTFE CZ EVSJOH iThF 4FBXBZ 4ZTUFN JT BCMF UP SFTQPOE UP VOQSFEJDUBCMF TVSHFT JO DBSHP NPWFNFOUT GSPN B CSPBE OVNCFS PG TFDUPSTu OPUFE 5FS

Ăĉƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

0 FODF #PXMFT 1SFTJEFOU BOE $&0 PG ThF 4U -BXSFODF 4FBXBZ .BO O i8F BHFNFOU $PSQPSBUJPO 4-4.$ i8F UBLF JU BMM JO TUSJEFu TBJE #PXMFT 6 4 4BJOU -BXSFODF 4FBXBZ %FWFMPQ NFOU $PSQPSBUJPO "ENJOJTUSBUPS #FUUZ 4VUUPO TBJE iThF fiOBM UPOOBHF TUBUJTUJDT GPS UIF 4FBXBZ OBWJHBUJPO TFBTPO

B B WBMJEBUJPO PG UIF JNQPS BSF UB UBODF PG UIF (SFBU -BLFT 4U -BX -BXSFODF 4FBXBZ 4ZTUFN UP UIF FDPOPNZ PG /PSUI "NFSJDB T A0QQPSUV OJUZ #FMU $BSHP TIJQNFOUT UIJT QBTU ZFBS TVQQPSUFE NBOVGBDUVSJOH DPO TUSVDUJPO FOFSHZ BHSJDVMUVSF BOE PUIFS JOEVTUSJFT UISPVHIPVU UIF (SFBU -BLFT SFHJPO *O QBSUJDVMBS UIF NPWFNFOU PG DPOUBJOFST XJUI IJHI WBMVF QSPKFDU DBSHP JT BO BSFB XIFSF XF GPSFTFF DPOUJOVFE HSPXUI JO UIF GVUVSe. 8F BSF QMFBTFE UP TFF PVS NBSLFUJOH FffPSUT HFOFSBUJOH OFX PQQPSUVOJUJFT JO UIF HMPCBM NBSLFU QMBDF BT CVTJOFTTFT SFBMJ[F UIF WBMVF PG VUJMJ[JOH PVS TZTUFN u i8JUIPVU B EPVCU BHSJDVMUVSBM DPN NPEJUJFT IBWF CFDPNF JODSFBTJOHMZ JNQPS UBOU BOE JU T SFXBSEJOH UP TFF UIF QBDF PG OFX JOWFTUNFOU CZ HSBJO DPNQBOJFT JO QPSUT BMPOH PVS XBUFSXBZu TBJE UIF 4-4.$ T 5FSFODF #PXMFT i8IBU XF OFFE UP LFFQ JO NJOE JT UIBU XIJMF HSBJO NPWFNFOUT NBZ CF UIF LFZ QMBZFS UIJT ZFBS XF IBWF UIF DBQBDJUZ BOE UIF BEBQUBCJMJUZ UP TFSWJDF BOZ OVNCFS PG EJWFSTF DMJFOUT BOE UIFJS DBSHP SFRVJSF NFOUT *O B XPSME FDPOPNZ DIBSBDUFSJ[FE CZ WPMBUJMJUZ BOE VOQSFEJDUBCMF TXJOHT JO USBEF QBUUFSOT UIF 4FBXBZ 4ZTUFN QSPWJEFT B SFTJMJFOU USBOTQPSUBUJPO OFUXPSL UIBU LFFQT BMM UZQFT PG HPPET NPWJOHu ThF UPUBM 4FBXBZ DBSHP XBT EPXO DPNQBSFE UP CVU UIBU XBT B CJH JN QSPWFNFOU GSPN UIF fiSTU IBMG PG UIF TFB TPO ThF MBTU RVBSUFS PG UIF ZFBS XBT RVJUF CVTZ XJUI BMM PG UIF $BOBEJBO flFFUT PQFSBU JOH BU GVMM TFSWJDF $BOBEB 4UFBNTIJQ -JOFT BOE "MHPNB $FOUSBM $PSQPSBUJPO XFSF BMTP WFSZ CVTZ JO UIF MBTU GFX NPOUIT PG UIF TFB TPO QJDLJOH VQ NPSF UIBO NJMMJPO NFUSJD UPOT XPSUI PG JSPO PSF QFMMFU FYQPSUT GSPN 64 QPSUT UP EFMJWFS UP UIF 1PSU PG 2VFCFD XIFSF UIFZ XFSF UIFO FYQPSUFE PWFSTFBT UP +BQBO BOE $IJOB *SPO PSF QFMMFU QSJDFT IBWF CFFO SJTJOH XPSMEXJEF QBSUMZ EVF UP BO VOEFSTVQQMZ GPMMPXJOH UIF DMPTVSF PG UIF 4BONBSDP NJOF JO #SB[JM MBTU ZFBS. ThF JSPO PSF FY QPSUT XFSF CFJOH TPVSDFE GSPN NJOFT JO .JOOFTPUB BOE UIF 6QQFS 1FOJOTVMB PG .JDIJHBO BOE QJDLFE VQ BU UIF QPSUT PG %VMVUI 4VQFSJPS .JOOFTPUB &TDBOBCB .JDIJHBO .BSRVFUUF .JDIJHBO BOE $POOFBVU 0IJP %PNFTUJD DBSSJFST $BO BEB 4UFBNTIJQ -JOFT BOE "MHPNB $FOUSBM $PSQPSBUJPO BSF DBSSZJOH UIF JSPO PSF WJB UIF 4FBXBZ UP UIF 1PSU PG 2VFCFD XIFSF JU JT UIFO USBOTGFSSFE UP MBSHFS PDFBO HPJOH WFTTFMT GPS POXBSE USBOTQPSU UP "TJB

.1 !ƫ 1..+3/ƫ0 '!/ƫ0$!ƫ$!()ƫ+"ƫ0$!ƫƫ )!.#! ƫ $ ) !.ƫ+"ƫ .%*!ƫ +))!. !

Th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i* N QMFBTFE UP CF UBLJOH UIF IFMN PG UIF $IBNCFS BT JUT OFX 1SFTJEFOU BU B UJNF XIFO PVS BTTPDJBUJPO IBT OFWFS CFFO JO B TUSPOHFS QPTJUJPO UP BEWPDBUF GPS UIF GVUVSF QSPTQFSJUZ PG JOMBOE BOE DPBTUBM NBSJOF USBOTQPSUBUJPO JO $BOBEB BOE UIF 64 IF TBJE 0DUPCFS TBX UIF NFSHJOH PG UXP BTTPDJBUJPOT UIF $BOBEJBO 4IJQPXO FST "TTPDJBUJPO BOE UIF $IBNCFS PG .B SJOF $PNNFSDF i* BN UIF FUFSOBM PQUJNJTU B CJH CF MJFWFS JO UIF QPXFS PG QBSUOFSTIJQT BOE DPMMBCPSBUJPO u #VSSPXT TBJE i* BQQSFDJBUF UIF WBMVBCMF MFTTPOT UP CF MFBSOFE GSPN UIF NBSJOF DPNNVOJUZ BOE IBWF JOWJUFE NFNCFST UP QMBZ BO BD UJWF SPMF JO QVUUJOH NBSJOF JO UIF GPSFGSPOU PG FDPOPNJD BDUJWJUZ JO $BOBEB u IF TBJE ThF JOEVTUSZ TIPXT DBQBDJUZ GPS HSPXUI i8F SF JO UIF CFTU QPTJUJPO JO ZFBST UP GPTUFS B IBSNPOJ[FE BOE FffiDJFOU SFHVMB UPSZ DMJNBUF PO CPUI TJEFT PG UIF CPSEFS u IF TBJE )F TBJE IF IPQFT UIBU XJUI UIF OFX 64 BENJOJTUSBUJPO VOEFS 1SFTJEFOU %POBME 5SVNQ UIBU UIFSF XJMM CF BO PQQPSUVOJUZ GPS TUSFBNMJOJOH UIF iIPEHFQPEHFu PG SFH VMBUJPOT BOE GPS CFUUFS BEWPDBUJOH GPS IBSNPOJ[FE QSBDUJDBM ATDJFODF CBTFE FO WJSPONFOUBM SFHVMBUJPO i8F IBWF B $BOBEJBO HPWFSONFOU DPNNJUUFE UP NBKPS JOGSBTUSVDUVSF JO WFTUNFOUT XIJDI BSF EFTQFSBUFMZ OFFEFE BDSPTT BMM TFDUPST 5I T DPVME HFOFSBUF JO DSFBTFE WPMVNFT 4PVUI PG UIF CPSEFS

HPWFSONFOU JG EFMJWFSJOH PO DBNQBJHO QSPNJTFT JT MPPLJOH BU B USJMMJPO EPMMBST JO JOGSBTUSVDUVSF JOWFTUNFOU ThFSF DPVME CF NPSF DBSHP TIJQQFE PO UIF 4U -BXSFODF BOE PO UIF DPBTUT EFMJWFSJOH PO UIFTF QSPKFDUT u #VSSPXT TBJE )F BMTP FNQIBTJ[FE UIBU NBSJOF TIJQ QJOH T HSFFO BEWBOUBHF CPEFT XFMM JO UP EBZ T FOWJSPONFOUBMMZ BOE DMJNBUF DPO TDJPVT XPSME i8JUI PVS GVFM FffiDJFOU TIJQT

ė Ě)ƫ,(! /! ƫ0+ƫ !ƫ0 '%*#ƫ0$!ƫ $!()ƫ+"ƫ0$!ƫ $ ) !.ƫ /ƫ%0/ƫ *!3ƫ .!/% !*0ƫ 0ƫ ƫ0%)!ƫ3$!*ƫ +1.ƫ //+ % 0%+*ƫ$ /ƫ*!2!.ƫ !!*ƫ%*ƫ ƫ/0.+*#!.ƫ,+/%0%+*ƫ 0+ƫ 2+ 0!ƫ"+.ƫ0$!ƫ"101.!ƫ ,.+/,!.%05ƫ+"ƫ%*( * ƫ * ƫ + /0 (ƫ) .%*!ƫ0. */,+.0 0%+*ƫ %*ƫ * ƫ * ƫ0$!ƫ ċĘ XF IBWF B MPXFS DBSCPO GPPUQSJOU UIBO SPBE PS SBJM. "OE XF FOKPZ MPX DPOHFTUJPO SFMB UJWF UP PUIFS NBKPS USBEF DPSSJEPST .BSJOF TIJQQJOH JT BO BUUSBDUJWF BMUFSOBUJWF GPS HPW FSONFOUT DPNNJUUFE UP B TVTUBJOBCMF USBOTQPSUBUJPO GVUVSF XJUI UIF DBQBDJUZ UP EP FWFO NPSF UP BDDFMFSBUF CPUI FDPOPNJD BOE FOWJSPONFOUBM QSPHSFTT i*O UPEBZ T FOWJSPONFOUBMMZ DPOTDJPVT XPSME NBSJOF IBT B AHSFFO BEWBOUBHF PUI FS NPEFT PG USBOTQPSUBUJPO DBO POMZ FOWZ u #VSSPXT TBJE $.$ $IBJS 8BZOF 4NJUI BMTP BE ESFTTFE UIF BVEJFODF OPUJOH UIBU UIF $IBNCFS T SFDFOUMZ DPNQMFUFE NFSHFS XJUI UIF $BOBEJBO 4IJQPXOFST "TTPDJB UJPO XBT QFSGFDUMZ UJNFE 4NJUI FYQMBJOFE i*O UIF DVSSFOU DMJ NBUF PG JODSFBTJOH USBOTQPSUBUJPO SFHVMB UJPO BOE DPTU JU JT DMFBS UIBU XF OFFE UP CFUUFS DPPSEJOBUF BOE TUSFOHUIFO PVS JO EVTUSZ BEWPDBDZ FffPSUT BOE UP CVJME OFX QBSUOFSTIJQT XIJMF TUSFOHUIFOJOH FYJTU JOH SFMBUJPOTIJQT BNPOH /PSUI "NFSJDBO CVTJOFTT HPWFSONFOU BOE NBSJOF JOEVT USZ TUBLFIPMEFST u .BSJOF USBOTQPSUBUJPO PffFST B MPXFS DBS CPO GPPUQSJOU BOE MPXFS DPOHFTUJPO IF TBJE

i* CFMJFWF PVS JO EVTUSZ T DPNNJUNFOUT DBO CF NPSF BHHSFT .1 !ƫ 1..+3/ TJWFMZ FYQSFTTFE BOE CBDLFE VQ XJUI GVSUIFS BDUJPO 8F BMTP IBWF B GBOUBTUJD USBDL SFDPSE JO NPWJOH PJM BOE HBT QSPEVDUT UP NBSLFU QSPCMFN GSFF ThFSF BSF B MPU PG VOLOPXOT DPNJOH JOUP QMBZ HMPCBM FDPOPNJD DPOEJUJPOT CVCCMJOH BXBZ HFPQPMJUJDBM JOTUBCJMJUZ BOE QPUFOUJBM JODPNJOH 6 4 EFDJTJPOT JO WPMWJOH /"'5" u i$IBNCFS NFNCFST * WF EJTDPWFSFE IBWF XPSLFE IBSE UP NBYJNJ[F FffiDJFODJFT JO UIFJS WBSJPVT TQIFSFT PG JOflVFODF UISPVHI UFDIOPMPHJDBM JOOPWBUJPOT TVDI BT IBOET GSFF NPPSJOH SFNPUF PQFSBUJPOT JO UIF 4U -BXSFODF 4FBXBZ BOE OFX % OBWJ HBUJPO IBWF B QPTJUJWF JNQBDU PO QSPEVDUJW JUZ u #VSSPXT TBJE )F IPQFT UIF 4FBXBZ DBO NPWF DMPTFS UP ZFBS SPVOE PQFSBUJPOT BT CBSSJFST UP iTFBTPOBM PQUJNJ[BUJPOu BSF SFNPWFE iXF XJMM XPSL DMPTFMZ XJUI UIF $BOBEJBO $PBTU (VBSE BOE UIF 4FBXBZ PO UIJT u IF TBJE $BOBEB T NBSJOF JOEVTUSZ JT CFDPNJOH B CJHHFS QMBZFS CFZPOE UIF MBLFT BOE DPBTUBM XBUFST i4PNF PG ZPV BSF BMSFBEZ BDUJWF JO PUI FS QBSUT PG UIF XPSME * N FODPVSBHFE UIBU NBOZ PG ZPV JO UIJT SPPN BSF BDUJWFMZ QVS TVJOH OFX NBSLFUT .BOZ PG PVS (SFBU -BLFT QPSUT BSF DIBTJOH NPSF QSPKFDU DBSHP GPS FYBNQMF BOE FWFO TPNF DPO UBJOFS CVTJOFTT XJUI UIFJS TIJQQJOH QBSU OFST #VU FWFO NPSF JNQPSUBOU UIBO FWFO UIFTF TJHOJfiDBOU BEWBOUBHFT UIF $IBN CFS JT BO JODSFEJCMF BTTFU JO BOE PG JUTFMG *U T B VOJRVF PSHBOJ[BUJPO BOE POF UIBU CSJOHT BMM UIF LFZ QMBZFST UPHFUIFS *U T SFNBSLBCMF GSPN B HPWFSONFOU SFMBUJPOT TUBOEQPJOU .Z HPBM JT UP FOTVSF UIBU HPWFSONFOU UIF NFEJB BOE PVS TUBLFIPMEFST TFF XIBU * TFF JO FTTFODF B WFSZ CSJHIU GVUVSF GPS PVS TFDUPS B NPE FSO USBEF BTTPDJBUJPO UIBU XJMM MFWFSBHF UIF DPNCJOFE SFTPVSDFT BOE TUSFOHUIT PG PVS NFNCFST PS BO JOEVTUSZ UIBU JT SFBEZ BOE BCMF UP EFMJWFS NPSF FDPOPNJD BOE FOWJSPONFOUBM FffPSUT * MM CF QVUUJOH B TIBSQFS GPDVT PO CSBOEJOH BOE DPNNVOJDBUJPOT NZ JN NFEJBUF QSJPSJUJFT BSF UP NFFU BT NBOZ NFNCFST BT * DBO #VSSPXT TBJE 333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭĂĊ

Service to your destination is nothing without service to you.

For all the hundreds of vessels and dozens of global shipping routes, for all the specialized transportation services including container, RoRo, DST, heavy lift, LNG, and bulk, for all the state-of-the-art technologies, what makes “K” Line your best choice is service. You get the highest level service because we have the highest level service people. They’re specially trained and dedicated to the notion that, as much capability as we have to offer, customer service is everything. ®

A L L - A R O U N D

C A P A B I L I T I E S ,

A L L

A R O U N D

T H E

W O R L D

“K” Line America, Inc. • Customer Service (800) 609-3221 • www.kline.com

ƫ ƫ ƫ )*% $ **!(ƫ) '!/ƫ/1,,(5ƫ $ %*ƫ /%0ƫ1,ƫ * ƫ0 '!ƫ*+0% ! ƫ ƫ

NOJDIBOOFM SFUBJM DPOUJOVFT UP UVSO MPHJTUJDT BOE TVQ QMZ DIBJO NBOBHFNFOU QSBDUJDFT PO UIFJS FBS ThF NBJO DVMQSJU JT "NB[PO DPN UIF NBTUFS PG UIF F DPN NFSDF VOJWFSTF #FTJEFT UISVTUJOH PVU JUT SJHIU FMCPX UP QVTI BTJEF USBEJUJPOBM BOE PUIFS POMJOF TFMMFST JU IBT OPX MJGUFE JUT MFGU FMCPX UP KPTUMF HMPCBM DBSSJFS HJBOUT CZ JOWFTUJOH 64 NJMMJPO UP CVJME JUT PXO IB "NB[PO 1SJNF DBSHP IVC BU $JO DJOOBUJ /PSUIFSO ,FOUVDLZ *OUFSOBUJPOBM "JSQPSU $MPTF CZ BSF 'FE&Y T -PVJTWJMMF ,FOUVDLZ DFOUSBM EFQPU BOE 614hT FRVJWBMFOU JO /BTIWJMMF 5FOOFTTFF 4VDI B CPME NPWF SFDBMMT 4BN 8BMUPO T EFDJTJPO UP BTTVNF DPOUSPM PG JOCPVOE TIJQNFOUT UP 8BMNBSU XBSFIPVTFT BOE TUPSFT CZ TFOEJOH IJT PXO USVDLT UP QJDL VQ TIJQNFOUT GSPN 1SPDUFS (BNCMF BOE PUIFS TVQQMJFST )JT PCKFDUJWF XBT UP LFFQ TIFMG QSJDFT MPX CZ DPOUSPMMJOH TIJQQJOH DPTUT 'PS "NB[PO JUT HPBM JT UP DPO USPM MBTU NJMF EFMJWFSZ TFSWJDFT UP JODSFBTF DPOTVNFS DPOWFOJFODF 5PEBZ BMNPTU BMM SFUBJMFST MBSHF PS TNBMM IBWF B GPPU JO CPUI CSJDLT BOE NPSUBS BOE POMJOF DBNQT $BOBEB T MBSHFTU SFUBJMFS )#$ IBT B TUSPOH F DPNNFSDF QSFTFODF 64 CBTFE 8BSCZ 1BSLFS XIJDI CFHBO TFMMJOH QSFTDSJQUJPO MFOTFT TVOHMBTTFT BOE GSBNFT FYDMVTJWFMZ POMJOF OPX IBT EP[FOT PG 64 PVUMFUT JODMVEJOH UXP JO 5PSPOUP ThF LFZ TUSVHHMF GPS BMM SFUBJMFST JT UP PffFS DPOWFOJFOU SFMJBCMF MPX DPTU J F QSFGFSBCMZ GSFF MBTU NJMF EFMJWFSZ UP DPOTVNFST ThF JOEVTUSZ TUBOEBSE JT "NB[PO T UXP EBZ GSFF "NB[PO 1SJNF 4VDI BO JOEJTQFOTBCMF TFSWJDF BUUSBDUT CVZFST #VU JU JT BMTP B QSPfiU BOE NBSHJO LJMMFS 0WFS UIF ZFBST "NB[PO T QSPfiU QFSGPSNBODF IBT CFFO FSSBUJD *O JU SFBDIFE B NJDSPTDPQJD 64 CJMMJPO PO BOOVBM TBMFT PG 64 CJMMJPO "MUIPVHI QSJWBUFMZ IFME 8BSCZ 1BSLFS FOKPZT FTUJNBUFE BOOVBM TBMFT FYDFFEJOH 64 NJMMJPO JU IBT OFWFS NBEF B QSPfiU JO JUT TJY ZFBST PG FYJTUFODF 5SBEJUJPOBMMZ MPHJTUJDT IBT GPDVTFE PO NPWJOH HPPET NPOFZ BOE EBUB NPSF PS MFTT JO UIBU PSEFS 5PEBZ EBUB JT RVJDLMZ DMJNCJOH VQ UIF WBMVF DIBJO *O GBDU NBOZ BSHVF UIBU PGUFO TIJQNFOU SFMBUFE EBUB JT TPNFUJNFT NPSF WBMVBCMF UIBO UIF HPPET UIFNTFMWFT *O QBSU UIBU T CFDBVTF F DPNNFSDF IBT SFEVDFE DPOTVNFST UP BO F NBJM BEESFTT BOE B DSFEJU DBSE OVNCFS 'FXFS BOE GFXFS PG UIFN FOUFS QIZTJDBM TUPSFT XIFSF TUBGG DBO MFBSO BCPVU UIFJS MJLFT BOE EJTMJLFT 4VDI FO DPVOUFST CFUXFFO CVZFST BOE SFUBJMFST IFMQ CVJME QFSTPOBM CPOET

DSFBUF CSBOE BXBSFOFTT BOE JO TUJMM TUPSF MPZBMUZ )PXFWFS TUaff UVSOPWFS BOE QBSU UJNFST MBDL UIF USBJOJOH BOE FYQFSJFODF UP EFWFMPQ TVDI DSVDJBM MJOLT *OUP UIF CSFBDI TUFQT EBUB ThBOLT UP VQEBUFE CBSDPEJOH BOE PUIFS NPEFSO EBUB HBUIFSJOH UPPMT BOE TZTUFNT XF IBWF NPSF BOE NPSF EBUB TUSFBNJOH JO "T XFMM UIF JO DSFBTFE VTF PG BOBMZUJDT IBT ESJWFO BMM TVQQMZ DIBJO QBSUOFST QSPEVDFST DBSSJFST BOE SFUBJMFST UP JOUSPEVDF CFUUFS USBJOFE TUBGG CSJOH JO FYUFSOBM DPOTVMUBOUT JOUP UIFJS VQ HSBEFE *5 CBDL PffiDFT UP FYUSBDU NPSF BOE EFFQFS JOTJHIUT JOUP DPOTVNFS CFIBWJPVS ThF HPBM JT fiOEJOH OFX XBZT PG UFNQUJOH TIPQQFST UP CVZ NPSF HPPET BOE EFMJWFSJOH HPPET UP UIFN NPSF DPOWFOJFOUMZ ThF CFTU EFTDSJQUJPO PG UIF OFX GPDVT JT UP QBSBQISBTF UIF BE WJDF UIBU IFMQFE #JMM $MJOUPO XJO UIF 64 QSFTJEFOUJBM FMFDUJPO i*U T UIF EBUB TUVQJE u $MPVE DPNQVUJOH J F UIF MBUFTU *5 IBSEXBSF TPGUXBSF TZT UFNT BOE TUBGG MPDBUFE PGG JUF UIF QSFNJTFT iPO B DMPVE TPNF XIFSFu JT GBTU CFDPNJOH UIF PVUTPVSDFE BOBMZUJDT TPMVUJPO PG DIPJDF *U DBO FBTJMZ BOE BffPSEBCMZ DPOWFSU NVMUJ UFSBCZUFT PG SBX DPOTVNFS BOE PUIFS EBUB UIBU TUSFBN JO EBJMZ GSPN QPSUBCMF QFS TPOBM EJHJUBM EFWJDFT JOUP USVF NBSLFU JOUFMMJHFODF .PTU PG VT TPNFUJNFT VOLOPXJOHMZ BMSFBEZ VTF DMPVE DPNQVU JOH CF JU %SPQ #PY PS UIF QIPOF BQQ UIBU UFMMT ZPV UIF MPDBUJPO PG UIF OFBSFTU TFBGPPE SFTUBVSBOU *U IBT CFDPNF UIF VMUJNBUF iHP UPu *5 UPPM DBQBCMF PG NFFUJOH UIF *5 OFFET PG CVTJOFTTFT SBOHJOH GSPN TUBSU VQT UP NVMUJOBUJPOBM DPSQPSBUJPOT 4FSWJDF TVQQMJFST JODMVEF *5 HJBOUT TVDI BT *#. "QQMF BOE /FU4VJUF B SFDFOU 0SBDMF BDRVJTJUJPO FUD #VU UIF LJOH PG UIF IJMM JT SFQVUFEMZ "NB[PO 8FC 4FSWJDFT "84

#VU JO SFDFOU ZFBST UIF TIFFS OVNCFS PG DMPVE DPNQVUJOH TFS WJDFT BOE DPNQBOJFT IBT FYQMPEFE BT UFDI HJBOUT SBOHJOH GSPN .JDSPTPGU UP (PPHMF UP "NB[PO IBWF USJFE UP UBQ JOUP UIF NBSLFU 5PEBZ CVTJOFTT PXOFST DBO FTTFOUJBMMZ PVUTPVSDF FWFSZUIJOH GSPN F NBJM TZTUFNT UP UIFJS EJHJUBM TUPSBHF BT XFMM BT CBTJD PQFS BUJOH TPGUXBSF QSPHSBNT *O BEEJUJPO UIFZ DBO BMTP BEE PO DSJUJDBM +*0%*1! ƫƫ

įƫ/0!2! +(!%) #!/ĥ% 0+ 'ƫ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭăā

+*0%*1! ƫ".+)ƫ, #!ƫăā

%* !ƫ)+.!ƫ )!.% */ƫ 15ƫ"++ ƫ+*(%*!Čƫƫ ė $+,,!./ƫ)%#$0ƫ*+0ƫ!2!*ƫ !ƫ +)%*#ƫ%*0+ƫ0$!ƫ/0+.!ċƫ ċċċ%0ƫ) '!/ƫ*+ƫ/!*/!ƫ0$ 0ƫ3!ƫ$ 2!ƫ ƫ(+0ƫ+"ƫ.!/+1. !/ƫ0%! ƫ1,ƫƫ %*ƫ+1.ƫ0.1 '/ƫ * ƫ+1.ƫ+3*ƫ,!+,(!ƫ !(%2!.%*#ƫ0+ƫ/0+.!/ċĘ 1(ƫ +.) *Čƫ .!/% !*0Čƫ !((+##ƫ +.0$ƫ )!.% ƫ

ăĂƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

TFSWJDFT UIFZ DBO SFBDI BOZXIFSF UIFSF JT B 8J 'J DPOOFDUJPO )FSF JT BO JOEJDBUJPO PG JUT QPXFS UP VQEBUF MPHJTUJDT QSBDUJDFT $FMMQIPOF TVQ QPSU QSPEVDUT NBLFS *ODJQJP EFQMPZFE %FTDBSUFT 0[-JOL GPS /FU4VJUF JO UP BVUPNBUF TIJQQJOH QSPDFTTFT BU JUT *SWJOF $" EJTUSJCVUJPO DFOUSF ThF TZTUFN TUSFBNMJOFE *ODJQJP T QJDL QBDL BOE TIJQ QSPDFTTFT "U UIF TBNF UJNF SFUBJMFST BOE UIFJS DBSSJFST BSF VTJOH NPEFSO *5 UPPMT UP CSFBUIF OFX MJGF JOUP MPOHTUBOEJOH MPHJT UJDT QSBDUJDFT TVDI BT OFBS TPVSDJOH ThBU JOWPMWFT MPDBUJOH EJTUSJCVUJPO QPJOUT UP SFEVDF UIF UJNF EJTUBODF BOE IBOEMJOH 0GUFO UIFTF SFTVMU JO -5- EFMJWFSJFT PG TNBMM JOEJWJEVBM QBSDFMT SBUIFS UIBO USVDLMPBE EFMJWFSJFT UP MBSHF XBSFIPVTFT 4BZT (PSEPO 3FJE #VSMJOHUPO 0OUBSJP CBTFE EJSFDUPS PG DVTUPNFS TPMVUJPOT 614 $BOBEB i8F BSF DPOTUBOUMZ DPMMFDU JOH TIJQQFS BOE DPOTVNFS EBUB XIJDI XF TIBSF XJUI DMJFOUT BOE GPS JO IPVTF VTF CVU XJMM OPU QSPWJEF UP PVUTJEFST u 4VDI EBUB QSPWJEFT WBMVBCMF JOGPSNB UJPO SFHBSEJOH TIJQQJOH WPMVNFT CZ SF HJPO BOE NPTU QPQVMBS JUFNT CZ 4,6 UP IFMQ TIJQQFST EFDJEF XIFSF UP TFU VQ MPDBM PS SFHJPOBM EJTUSJCVUJPO QPJOUT BOE XIJDI JUFNT UP TUPDL ThFZ IFMQ SFEVDF TIJQQJOH BOE IBOEMJOH DPTUT XJUI TIPSUFS UJHIUFS SPVUFT ThF JEFBM MBTU NJMF EFMJWFSZ NPEFM JT iflPPEJOH UIF [POFu PS EFMJWFSZ EFOTJUZ NBLJOH EFMJWFSJFT JO B TJOHMF [POF OPU fiWF JO GPVS EJffFSFOU POFT "OPUIFS USBEJUJPOBM QSBDUJDF JT ESPQ TIJQQJOH JO XIJDI SFUBJMFST BTL TVQQMJFST UP TIJQ PSEFST EJSFDUMZ UP DPOTVNFST ThBU QVUT NPSF QSFTTVSF PO QSPEVDFST NBOZ PG XIJDI BSF NPSF VTFE UP IBOEMJOH USVDL MPBE 5- TIJQNFOUT SBUIFS UIBO JOEJWJE VBM QBSDFMT ThF MBUUFS BMTP SFRVJSF TJHOJfi DBOUMZ EJffFSFOU QJDLJOH QBDLJOH BOE QBDLBHJOH OFFET "U UIF TBNF UJNF QSPEVDFST TVDI BT DFSFBM NBLFS ,FMMPHH T BSF BMTP DIBOHJOH FYJTUJOH QSBDUJDFT *U SFDFOUMZ BOOPVODFE UIBU JU XJMM OP MPOHFS TIJQ PSEFST EJSFDUMZ UP JOEJWJEVBM TVQFSNBSLFUT *OTUFBE JU XJMM TIJQ UP SFUBJMFST NBKPS XBSFIPVTFT GSPN XIJDI SFUBJMFST DBO SFEJTUSJCVUF UIFN UP JOEJWJEVBM PVUMFUT ,FMMPHH T QSFTJEFOU PG /PSUI "NFSJDB 1BVM /PSNBO FYQMBJOFE UIBU TJODF NPSF "NFSJDBOT CVZ GPPE POMJOF i4IPQQFST NJHIU OPU FWFO CF DPNJOH JOUP UIF TUPSF JU NBLFT OP TFOTF UIBU XF IBWF B MPU PG SFTPVSDFT UJFE VQ JO PVS USVDLT BOE PVS

PXO QFPQMF EFMJWFSJOH UP TUPSFT u ThF DIBOHFPWFS BMTP JODMVEFT B OFX XBSFIPVTF NPEFM UP IFMQ ,FMMPHH T GVS UIFS SFEVDF EFMJWFSZ DPTUT CZ DMPTJOH TFW FSBM %$T 5PHFUIFS XJUI PUIFS NPOFZ TBW JOH NFBTVSFT UIF fiSN FYQFDUT UP MPXFS BOOVBM FYQFOTFT CZ NPSF UIBO CJMMJPO CZ UIF FOE PG #VU MBTU NJMF DPOTVNFS EFMJWFSJFT TUJMM QPTF B IVHF QSPCMFN 0OF TPMVUJPO JT UIF QSPMJGFSBUJPO PG BMUFSOBUF QJDL VQ QPJOUT 614 OPX PffFST NPSF UIBO TVDI MP DBUJPOT BT QBSU PG JUT "DDFTT 1PJOU QSP HSBN #FTJEFT 614 T PXO TFSWJDF DFOUSFT JU OPX JODMVEFT WBSJPVT QIBSNBDJFT TV QFSNBSLFUT NBMMT BOE PUIFS TUPSFT FUD $BOBEa 1PTt, XIJDI EFMJWFST DMPTF UP UXP UIJSET PG BMM UIF QBDLBHFT PSEFSFE PO MJOF JO UIJT DPVOUSZ SFDFOUMZ PQFOFE B OFX DPODFQU IPVS TUPSF JO 7BODPVWFS UIBU PffFST WFOEJOH NBDIJOFT GPS TUBNQT BOE TVQQMJFT BOE FWFO DIBOHF SPPNT GPS QFPQMF UP USZ PO DMPUIFT BOE JNNFEJBUF My rFUVSO UIFN JG OFDFTTBSZ "T XFMM $BOBEB 1PTU BOE 1PTU *OEJB

SFUBJM XPSME +FOOJGFS -FF 5PSPOUP CBTFE /BUJPOBM 3FUBJM BOE 0NOJDIBOOFM -FBEFS %FMPJUUF $BOBEB TUSFTTFT UIF OFFE GPS B USVF UFBN BQQSPBDI BNPOH BMM SFUBJMFST UP FOTVSF UIBU TVQQMZ DIBJO NBOBHFNFOU NBSLFUJOH BOE PUIFS EFQBSUNFOUT XPSL UPHFUIFS UP BDIJFWF B DPNNPO HPBM 4IF TBZT i(FUUJOH JU SJHIU JT CPUI EJffi DVMU BOE FYQFOTJWF #VU UIFSF JT OP OFFE UP PXO UIF FOUJSF TVQQMZ DIBJO NBOBHF NFOU GVODUJPO ZPV DBO CSJOH JO QBSUOFST BT OFFEFE 4IF TVQQPSUT UIF BQQSPBDI UIBU EPD UPST MFBSO JO NFEJDBM TDIPPM i5SFBU UIF QBUJFOU OPU KVTU UIF EJTFBTF u

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g. 614 T (PSEPO 3FJE TVNT VQ FBTZ SF UVSO QPMJDJFT JO B TJOHMF XPSE m TJNQMJDJUZ 3FUBJMFST NVTU QSPWJEF POF QSPDFTT UIBU DPWFST BMM UIFJS WBSJPVT TBMFT DIBOOFMT OPU B EJffFSFOU POF GPS FBDI *O UPEBZ T GBTU NPWJOH PNOJDIBOOFM

!*ƫ .'ƫ%/ƫ ƫ2!0!. *ƫ 0! $*+(+#5ƫ!4,!.0Čƫ3$+ƫƫ $ /ƫ +2!.! ƫ/1,,(5ƫ $ %*ƫ ) * #!)!*0ƫ/%* !ƫ%0ƫ3 /ƫƫ ((! ƫ %/0.% 10%+*ƫ * ƫ$ /ƫ + 1)!*0! ƫ%0/ƫ(!#%0%)%6 0%+*ƫ /ƫ ƫ .%0% (ƫ 1/%*!//ƫ"1* 0%+*ċƫ !ƫ$+( /ƫ *ƫ ƫƫ ".+)ƫ +.'ƫ *%2!./%05ċ

π SHIPPING SUPPLY SPECIALISTS

OVER 5,000 MATERIAL HANDLING PRODUCTS IN STOCK ORDER BY 6 PM FOR SAME DAY SHIPPING

COMPLETE CATALOG

1-800-295-5510 uline.ca

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭăă

.1 '%*#ƫƫčƫ . %*#ƫ .!!

1#1/0ƫ āĊĉćŏ/ƫ %//1! PG $BOBEJBO 5SBOTQPSUBUJPO %JTUSJCVUJPO .BO BHFNFOU GFBUVSFE B DPWFS TUPSZ CZ "O ESFX 5BVT[ MPPLJOH BU UIF JTTVF PG CPUI FBTJFS FOUSZ JOUP UIF EPNFTUJD USVDL JOH NBSLFU BT FOTISJOFE CZ GFEFSBM MFH JTMBUJPO BOE BMTP UIF QPTTJCJMJUZ PG FO USZ JOUP $BOBEB CZ 6 4 USVDLFST $BOBEJBO 4IJQQFShT .BSDI "QSJM JT TVF XFJHIT JO IFBWJMZ PO USBEF DPODFSOT BU UIF CPSEFS *O UIF LFZ JTTVFT CSPVHIU GPSUI CZ UIF USVDLJOH JOEVTUSZ DPO DFSOFE GFBST UIBU NVDI PG $BOBEJBO DBSSJFSTh JOUFSOBUJPOBM CVTJOFTT XPVME CF VQ GPS HSBCT JG 6 4 flFFUT XFSF BM MPXFE UP FOUFS $BOBEB FO NBTTF 4JODF UIF .PUPS $BSSJFS "DU PG 6 4 EF SFHVMBUJPO NFBOU UIBU $BOBEJBO DBSSJ FST DPVME FOUFS UIF 6 4 BU XJMM #VU "NFSJDBO DPNQBOJFT GPVOE JU IBSE UP FOUFS UIF $BOBEJBO NBSLFU &WFO FO USZ JOUP TPNF QSPWJODFT XBT FYDFFE JOHMZ EJffiDVMU GPS B OFX DBSSJFS ThF $POTFSWBUJWF HPWFSONFOU VO EFS #SJBO .VMSPOFZ FNCSBDFE UIF DPODFQU PG GSFF USBEF EVSJOH IJT UFO VSF "OE USVDLJOH JTTVFT MBZ IFBWZ PO UIF BHFOEB XIFO USBEF OFHPUJBUPST GPS UIF UXP DPVOUSJFT XFSF TFU UP UISBTI PVU USVDLJOH JTTVFT CFUXFFO UIF UXP DPVOUSJFT

ăąƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

ƫ

+*0%*1%*#ƫ 1 0%+*ƫ * ƫ /'%((/ƫ1,#. !/Čƫ 0$!ƫ+*(5ƫ(%"!(%*!ƫƫ 0+ƫ .!!.ƫ/1.2%2 ( ƫ 3FBMJUZ DIFDL UIF DBSFFS XPSME JT DIBOH JOH 3FBM SFBMJUZ DIFDL UIF DBSFFS BOE QSP GFTTJPOBM XPSME IBT BMSFBEZ DIBOHFE :PVS BCJMJUZ UP OPU POMZ TVSWJWF CVU UP UISJWF JT CBTFE PO UIF SBOHF BOE EFQUI PG UIF QSPC MFNT ZPV DBO TPMWF #FDBVTF UIBU JT UIF USVF QVSQPTF PG EFNBOE UP TPMWF B QSPC MFN PS B QFSDFJWFE OFFE ĥƫ ƫ )ƫ *ƫ !4! 10%2!ƫ ,,.+ $%*#ƫ ĆĀƫ 5! ./ƫ+( ċƫ ƫ )ƫ !#%**%*#ƫ0+ƫ/)!((ƫ0$!ƫ!* ƫ +"ƫ)5ƫ .!!.ċƫ 0ƫ/!!)/ƫ0+ƫ !ƫ3+)!*ƫ$%0ƫ0$!ƫ #!ƫ !%(%*#ƫ" /0!.ƫ0$ *ƫ)!*ƫ +ċƫ $ 0ƫ *ƫ ƫ,+//% (5ƫ +ƫ0+ƫ/0 5ƫ.!(!2 *0ƫ * ƫ $! ƫ+"ƫ ăĀġ5! .ġ+( ƫ Ě/ƫĕ

* BN OPU TVSF DBSFFS EFDMJOF JT HFO EFS TQFDJfiD :PV OP MPOHFS CBTF ZPVS NBSLFUBCJMJUZ PO UIF KPC ZPV DVSSFOUMZ IBWF PS XBOU PS FWFO XIBU ZPV XBOU UP CF XIFO ZPV HSPX VQ JG ZPV BSF ZPVOH 3BUIFS ZPV CBTF JU PO ZPVS BCJMJUZ UP TPMWF B QSPCMFN PS JEFOUJGZ B OFFE BOE JG ZPV BSF BNB[JOH UP CSJOH BXBSFOFTT UP "/% TPMWF UIBU OFFE *O UIF BHF PG DPOTUBOU JOOPWBUJPO BOE DIBOHF JT NBTUFSZ PG B TJOHMF TVC KFDU B MVYVSZ *T JU B TUSFOHUI PS B XFBL OFTT *O UIF JOGPSNBUJPO BHF XIFSF UIF TIFFS BNPVOU PG LOPXMFEHF EPVCMFT FW FSZ TJY UP OJOF NPOUIT BOE VQ UP B UIJSE PG JU CFDPNFT PCTPMFUF FWFSZ ZFBS UIF SFBMJUZ JT UIBU BGUFS fiWF ZFBST XJUIPVU DPOUJOVFE JOWFTUNFOU JO QFSTPOBM TLJMMT JNQSPWFNFOU PS EFWFMPQNFOU ZPV BSF MFGU XJUI B TNBMM GSBDUJPO PG NBSLFUBCMF DVSSFOU LOPXMFEHF "T BO FYFDVUJWF ZPV NVTU IBWF FYUFOEFE FYQFSJFODF MFBSOFE GSPN ZFBST PG TFSWJDF "T CBTJD BT JU NBZ TPVOE EP BO JOWFOUPSZ PG ZPVS TLJMMT BOE FYQFSJFODF BOE DPNQBSF UIFN UP UFDIOJDBM TLJMMT JO EFNBOE )PX EP

į% ġ3+.'ĥ% 0+ '

5ƫ .+(%* ƫ %((%*#/Čƫ Čƫ Čƫ ġ

UIFZ NFBTVSF VQ CFTJEF ZPVS TLJMMT 5SZ UP EP B DPODFQU NBQ BT UP XIBU QSPCMFNT JU TPMWFT "SF UIFSF BSFBT PVUTJEF ZPVS DVSSFOU OJDIF UIBU ZPV DPVME FYQBOE UP 0S BSFBT PVUTJEF ZPVS JNNFEJBUF KPC UIBU ZPV DPVME PffFS UP FYQBOE ZPVS QPSUGPMJP JOUP "SF UIFSF BOZ FYFDVUJWF .#" T ZPV DPVME CF JOUFSFTUFE JO *OUFSEJTDJQMJOBSJBOT BSF HPMEFO XJUI JO MFBEFSTIJQ BOE XJUIJO BOZ PSHBOJ[B UJPO BU BOZ MFWFM "EWBODFE PSHBOJ[B UJPOT VOEFSTUBOE UIBU GPTUFSJOH BO

#VTJOFTTFT UIBU UIJOL UIFZ DBO OPU BffPSE UP IFMQ UIFJS FNQMPZFFT DPOUJOVF UP QSPHSFTT JO MFBSOJOH NPEF GPS CVEHFUBSZ SFBTPOT XPVME CF KVTU BT CJ[BSSF BT DVUUJOH CBDL PO FMFDUSJD JUZ PS JOUFSOFU BDDFTT UP TBWF NPOFZ :PV XJMM CFHJO UP USFBE XBUFS BOE MPTF DPN QFUJUJWF BEWBOUBHF CFGPSF ZPV LOPX JU 4JNQMZ QVU QFPQMF T BCJMJUZ UP MFBSO OFX UIJOHT DPNFT JO IBOEZ XIFO JO USPEVDJOH OFX UFDIOPMPHZ OFX QSP DFTTFT OFX TUSBUFHJFT PS GPS UIBU NBU UFS BOZ DIBOHF

ė 2 * ! ƫ+.# *%6 0%+*/ƫ1* !./0 * ƫ0$ 0ƫ"+/0!.%*#ƫ *ƫ !*2%.+*)!*0ƫ+"ƫ +*0%*1! ƫ(! .*%*#ƫ3%((ƫ!*/1.!ƫ0$ 0ƫ0$!%.ƫ(!2!(ƫƫ +"ƫ%**+2 0%+*ƫ /ƫ ƫ3$+(!ƫ ((+3/ƫ0$!)ƫ0+ƫ 1%( ƫ *ƫƫ %*". /0.1 01.!ƫ+"ƫ(! !./$%,ƫ0$.+1#$+10ċĘ

FOWJSPONFOU PG DPOUJOVFE MFBSOJOH XJMM FOTVSF UIBU UIFJS MFWFM PG JOOPWBUJPO BT B XIPMF BMMPXT UIFN UP CVJME BO JOGSB TUSVDUVSF PG MFBEFSTIJQ UISPVHIPVU 0SHBOJ[BUJPOT UIBU IBMG HFU JU XJMM QSPWJEF B MFBSOJOH TUJQFOE PS UVJUJPO SF JNCVSTFNFOU VQPO TVDDFTTGVM DPNQMF UJPO PG USBJOJOH UIBU JT EJSFDUMZ MJOLFE UP UIF FNQMPZFF T QPTJUJPO "GUFS BMM IPX DBO DPPLJOH MFTTPOT QPTTJCMZ IFMQ 5PN CFDPNF B CFUUFS QSPHSBNNFS 5SVUI JT UIFZ EP /PU POMZ EPFT MFBSOJOH BOZ UIJOH XIBUTPFWFS OFX QSPEVDF BEEJ UJPOBM OFVSPO DPOOFDUJPOT XJUIJO UIF CSBJO UIBU IFMQ BMM MFBSOJOH JU QSPWJEFT BO JOUFMMFDUVBM TUSFTT SFMFBTF BOE B GVM fiMMNFOU PG FYQSFTTJPO PG EJffFSFOU EJ NFOTJPOT XJUIJO BO JOEJWJEVBM

"T GPS MFBEFSTIJQ XIFO ZPV TQPU UIBU QFSQFUVBM TUVEFOU TFFLJOH UP MFBSO NBLF TVSF ZPV DVMUJWBUF BOE FODPVSBHF DSFBUJWF WJTJPOBSZ XBZT UP BQQMZ DSPTT EJTDJQMJOF NPEFMT BOE TPMVUJPOT UP FW FSZEBZ BOE FNFSHJOH DIBMMFOHFT .+(%* ƫ ċƫ %((%*#/ƫ%/ƫ ġ ƫ+"ƫ ƫ 1/%*!//ƫ +*#(+)!. 0!ƫ * ƫ$ /ƫāĆŐƫ 5! ./ŏƫ!4,!.%!* !ƫ%*ƫ0$!ƫ"%!( /ƫ +"ƫ 1/%*!//ƫ !2!(+,)!*0Čƫ 1) *ƫ !/+1. !/ƫ * ƫ %* * !ċƫ $!ƫ $ ),%+*/ƫ (! !./$%,ƫ%*%0% 0%2!/ƫ /ƫ3!((ƫ /ƫ!),+3!.%*#ƫ * ƫ + $%*#ĥ)!*0+.%*#ƫ+0$!./ƫ0+ƫ(! ċƫ +.ƫ )+.!ƫ%*"+.) 0%+*ƫ,(! /!ƫ2%/%0ƫ333ċ*(%( !(ċ +)ƫ +.ƫ!) %(ƫ%*"+Į0$! + $%*# +.*!.ċ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭăĆ

ƫ ƫ WITHƫ ƫ Čƫ

!. !*0 #!ƫ+"ƫ"(!!0ƫ!4,! 0ƫƫ 0+ƫ.!,( !ƫ 5ƫ!* ƫ+"ƫĂĀāĈ

ƫ ƫ

ĂĀŌƫƫ +"ƫ"(!!

ĂĀŌƫ

$BOBEJBO NPUPS DBSSJFST XBSNJOH VQ UP VQHSBEJOH UIFJS GMFFU ąąŌƫ %#$0ƫ%*ƫāĀƫ * % *ƫ)+0+.ƫ ..%!./ƫ .!ƫ(++'%*#ƫ0+ƫ,1.ġ $ /!ƫ *!3ƫ 0.1 '/ƫ %*ƫ ĂĀāĈČƫ +. %*#ƫ 0+ƫ +1.ƫ **1 (ƫ -1%,)!*0ƫ 15%*#ƫ .!* /ƫ !/! . $ċƫ ( */ƫ 0+ƫ .!*!3ƫ 0.1 'ƫ"(!!0/ .!ƫ/0.+*#!/0ƫ )+*#/0ƫ0$!ƫ( .#!/0ƫ ..%!./ƫ * ƫ3! '!/0ƫ )+*#/0ƫ/) ((ƫ ..%!./Čƫ /ƫ3+1( ƫ !ƫ!4ġ ,! 0! ċƫ !#%+* ((5ƫ ..%!./ƫ %*ƫ !*0. (ƫ * ƫ .!ƫ )+/0ƫ !*0$1/% /0% ƫ +10ƫ "(!!0 .!*!3 (ƫ 3$%(!ƫ "(!!0/ %*ƫ !/0!.*ƫ * Čƫ /0%((ƫ /0.1##(%*#ƫ 0$.+1#$ƫ 0+1#$ƫ ! +*+)% ƫ 0%)!/Čƫ .!) %*ƫ 0$!ƫ (! /0ƫ!*0$1/% /0% ċ

āĀŌƫƫ +"ƫ"(!!

āĆŌƫ ĂāŌ

Ăġăƫ5! ./ āĀƫ5! ./ƫƫ +.ƫ)+.!

ćŌƫ

ąġĆƫ5! ./

ăąŌ

āĈŌƫ

ƫ

+"ƫ.!/,+* !*0/

+ƫ .!,( !)!*0/

( */ƫ0+ƫ,1. $ /!ƫ*!3ƫ0.1 '/ƫƫ %*ƫĂĀāĈƫ 5ƫ"(!!0ƫ/%6! +,ƫ ..%!./ƫĨĆĀĀŐƫ0.1 '/ĩƫ

1..!*0ƫ0. !ġ%*ƫ 5 (!ƫƫ "+.ƫ$! 25ƫ 105ƫ2!$% (!/

ăĀŌƫƫ +"ƫ"(!! ƫƫ +.ƫ)+.!

āĀĀŌƫ+"ƫ.!/,+* !*0/

.#!ƫ ..%!./ƫĨāĀĀġąĊĊƫ0.1 '/ĩ

ĉĉŌƫ

! %1)ƫ ..%!./ƫĨĂĆġĊĊƫ0.1 '/ĩ

ĉĈŌ

) ((ƫ ..%!./ƫĨĆġĂąƫ0.1 '/ĩ

ĉĀŌ

ƫ

+"ƫ.!/,+* !*0/

ćġĈƫ5! ./

ĂĂŌƫ

%*ƫ . * ƫ+"ƫ$! 25ƫ 105ƫƫ 2!$% (!ƫ 1..!*0(5ƫ%*ƫ"(!!0

āāŌƫ ĉġĊƫ5! ./

( */ƫ0+ƫ,1. $ /!ƫ*!3ƫ0.1 '/ƫƫ %*ƫĂĀāĈƫ 5ƫ.!#%+*

į% 0+ '

.!%#$0(%*!.

ĂĆŌƫ+"ƫ.!/,+* !*0/

*0!.* 0%+* (

āąŌ

!*3+.0$

āćŌ

'

ćŌ

!0!. %(0

āĂŌ

/0!.*ƫ *

ĈĊŌƫ+"ƫ.!/,+* !*0/

!*0. (ƫ *

ĉąŌƫ

+(2+

āąŌ

!/0!.*ƫ *

ćĊŌ

!/0!.*

ćŌ

2!. ((

ĈĊŌ

0$!.

ćŌ

333ċ * % */$%,,!.ċ +)ƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭăĈ

ƫ ƫ

$!ƫ !!,ƫ!* ƫ+"ƫ ƫ

5ƫ 1.%!ƫ 1.* 1((

/PX UIBU UIF 64 IBT BO OPVODFE JUT JOUFOUJPO UP SFOF HPUJBUF UIF UFSNT PG /"'5" JU T IBSE UP FTDBQF UIF GFFMJOH XF NBZ CF HFUUJOH JO PWFS PVS IFBE XJUI SFTQFDU UP GVUVSF CFOefiUT SFHBSEJOH UIF MPOH TUBOEJOH /PSUI "NFSJDBO USJ MBUFSBM USBEF BHSFFNFOU "U CFTU XF SF USFBEJOH XBUFS BT XF BXBJU UIF PVUDPNF PG $BOB EB 64 USBEF UBMLT 0O UIF POF IBOE JU TIPVME DPNF BT OP TVS QSJTF UIBU POF PG UIF /"'5" QBSUOFST NJHIU POF EBZ XBML BXBZ GSPN UIF USBEF EFBM "GUFS BMM UIBU T XIZ UIF FYJU DMBVTF XBT XSJUUFO JOUP UIF BHSFF NFOU JO UIF fiSTU QMBDF UIF QPT TJCJMJUZ XBT BMXBZT UIFSF " NPSF BQQSPQSJBUF RVFT UJPO NJHIU CF JG /"'5" XBT TVDI B CBE EFBM XIZ EJE JU UBLF UIF 64 TP MPOH UP EFDMBSF JUT JO UFOUJPO UP SFOFHPUJBUF UIF BHSFFNFOU *O UIF 8BTI JOHUPO *OUFSOBUJPOBM 5SBEF "T TPDJBUJPO EFDMBSFE /"'5" BO PWFSBMM TVDDFTT BGUFS ZFBST XJUI iTJHOJfiDBOUu CFOFfiUT GPS $BOBEB BOE .FYJDP BOE iNPEFSBUFu CFOFfiUT GPS UIF 64 4PVSDF i/"'5" BU )BT JU CFFO B TVDDFTT u 8*5" +BOV BSZ ThJT PQJOJPO XBT FDIPFE CZ UIF $PVODJM PO 'PS FJHO 3FMBUJPOT TUBUJOH i.PTU FTUJNBUFT DPODMVEF UIBU UIF EFBM IBE B NPEFTU CVU QPTJUJWF JNQBDU PO 64 (%1 u 8JUI BO FDPOPNZ UIF TJ[F PG UIF 6OJUFE 4UBUFT IPXFWFS UIJT iNPEFTUu JNQBDU FRVBUFT UP BCPVU CJMMJPO TJODF 4PVSDF i/"'5" T &DPOPNJD *NQBDUu $'3 +BOVBSZ (MPCBM "ffBJST $BOBEB BMTP SFQPSUT UIBU /"'5" TJODF JUT JODFQ UJPO IBT CFFO SFTQPOTJCMF GPS JODSFBTFT JO FDPOPNJD HSPXUI TUBOEBSET PG MJWJOH BOE UPUBM NFSDIBOEJTF USBEF GPS BMM UISFF NFNCFS DPVOUSJFT EF DMBSJOH /"'5" B TVDDFTT iCZ BOZ NFBTVSFu 4PVSDF i/"'5"

'BTU 'BDUTu (MPCBM "ffBJST $BO BEB %FDFNCFS

ThFTF GBDUT TVQQPSU UIF UIF PSZ UIBU UIF 64 JT OPU JOUFSFTUFE JO MFBWJOH /"'5" TP NVDI BT JU JT JO SFOFHPUJBUJOH UIF UFSNT TP JU DBO iXJO CJHu SBUIFS UIBO NPEFTUMZ )PX XJMM TJHOJGJ BOU DIBOHFT JO /"'5" JNQBDU UIF PUIFS UXP USBEF QBSUOFST )BSE UP TBZ BU UIJT QPJOU CVU BOZ JN QSPWFNFOUT JO UIF 64 QFS DFJWFE USBEF JNCBMBODF XJMM VOEPVCUFEMZ DPNF BU UIF FY QFOTF PG $BOBEB BOE .FYJDP 0UIFS DPVOUSJFT NBZ IBWF

UIF 64 JO XFSF BMSFBEZ EPXO GSPN UIF ZFBS CF GPSF 4PVSDF IUUQT VTUS HPW DPVOUSJFT SFHJPOT BNFSJDBT DBOBEB #Z FYUFOTJPO B DPO UJOVBUJPO PG UIJT USFOE XJMM BMTP IBWF B OFHBUJWF JNQBDU PO UIF $BOBEJBO USBOTQPSUBUJPO JO EVTUSZ QBSUJDVMBSMZ USVDLJOH %iffFSFODFT JO DVSSFODZ FY DIBOHF SBUFT UP UIF CFOFfiU PG 64 JNQPSUFST BOE DPOTVNFST

NBZ QSPWJEF TIPSU UFSN SFMJFG GSPN BOZ JNNFEJBUF EFDMJOF JO UIF NBOVGBDUVSF PG $BOBEJBO QSPEVDFE HPPET GPS 64 DPO

ė ƫ)+.!ƫ ,,.+,.% 0!ƫ-1!/0%+*ƫ)%#$0ƫ !Čƫ%"ƫ ƫ3 /ƫ/1 $ƫ ƫ ƫ ! (Čƫ3$5ƫ % ƫ%0ƫ0 '!ƫ 0$!ƫ ƫ/+ƫ(+*#ƫ0+ƫ ! ( .!ƫ%0/ƫ%*0!*0%+*ƫ0+ƫ .!*!#+0% 0!ƫ0$!ƫ #.!!)!*0ĕĘ NPSF UP MPTF JG UIF DVSSFOU UBML PG OFBS TIPSJOH BOE JOTPVSD JOH JO UIF 64 DPOUJOVFT VO BCBUFE "OZ TJHOJfiDBOU EFDMJOF JO USBEF WPMVNFT CFUXFFO UIF 64 BOE UIF SFTU PG UIF XPSME IPXFWFS BMTP QPTFT B UISFBU GPS UIF NBSJUJNF DPOUBJOFS TIJQQJOH JOEVTUSZ BMSFBEZ TUSVHHMJOH XJUI PWFS DBQBDJUZ BOE TUJMM USZJOH UP SBUJPOBMJ[F UIF JNQBDU PG )BOKJO 4IJQ QJOH T DPMMBQTF JO 8IFSF DBO XF FYQFDU UP TFF B OFHBUJWF JNQBDU $FS UBJOMZ JO TPNF PG UIF JOEVTUSZ TFDUPST XIFSF $BOBEB IBT FY DFMMFE JO UFSNT PG FYQPSUT ThF 0ffiDF PG UIF 6OJUFE 4UBUFT 5SBEF 3FQSFTFOUBUJWF JEFOUJ fiFT UIFTF JOEVTUSZ TFDUPST BT NJOFSBM GVFMT WFIJDMFT NB DIJOFSZ QMBTUJDT BOE BHSJDVM UVSBM QSPEVDUT &YQJSBUJPO PG UIF $BOBEB 64 TPGUXPPE MVN CFS BHSFFNFOU NBZ XFMM CF B iCFMMXFUIFSu PG GVUVSF USFOET JO UIJT SFHBSE ThJT JT OPU HPPE OFXT GPS $BOBEJBO FYQPSUFST BT PWFSBMM FYQPSUT PG HPPET UP

ăĉƭƭ . $ĥ ,.%(ƫĂĀāĈƭƭ333ċ * % */$%,,!.ċ +)

TVNQUJPO BU MFBTU UISPVHI BT TPNF GPSFDBTUT IBWF UIF $BOBEJBO EPMMBS EFDMJOJOH UP 64 CZ ZFBS FOE #VU TIPSU UFSN DVSSFODZ flVDUVB UJPOT BSF QFSIBQT OPU UIF NPTU TUBCMF QMBUGPSN GPS MPOH UFSN USBEF SFMBUJPOT 8IBU NJHIU B iOFXu /"' 5" MPPL MJLF GPS $BOBEB " QSVEFOU GPSFDBTU XPVME BD LOPXMFEHF UIF SFBM QPTTJCJMJUZ PG B EFDSFBTFE WBMVF JO UIF 64 $BOBEB USBEF SFMBUJPOTIJQ JO BHHSFHBUF 0O UIF PUIFS IBOE UIJT TDFOBSJP NBZ BMTP QSFTFOU UIF QPUFOUJBM GPS BO JODSFBTF JO USBEF CFUXFFO $BOBEB BOE .FYJDP XIJDI NBZ JO UVSO QSPWJEF PQQPSUV OJUJFT GPS UIF $BOBEJBO USBOT QPSUBUJPO JOEVTUSZ

"O JODSFBTF JO USBEF SFMBUFE TVS GBDF USBOTQPSUBUJPO CF UXFFO $BOBEB BOE .FYJDP IPX FWFS NBZ CF WJFXFE JO UIF 64 BT B TPVSDF PG XFBS BOE UFBS PO IJHIXBZT BOE SBJM MJOFT OPU UP NFOUJPO JODSFBTFE HSFFOIPVTF HBT FNJTTJPOT $PODFJWBCMZ UIJT DPVME SFTVMU JO B iTIJQQJOH UBYu BQQMJFE CZ UIF 64 PO TIJQNFOUT USBOTJUJOH UIF DPVOUSZ /POFUIF MFTT UIFSF BSF BMXBZT USBEF PffT JO BOZ SFMBUJPOTIJQ "OE BOZ QV OJUJWF NFBTVSFT EJSFDUFE BU TVS GBDF USBOTQPSUBUJPO UISPVHI UIF 64 NBZ BMTP QSPWJEF PQQPSUVOJ UJFT GPS JODSFBTFE DPBTUBM NBSJ UJNF USBEF CFUXFFO $BOBEB BOE .FYJDP 7BODPVWFS BOE 1SJODF 3VQFSU QPSUT GPS FYBN QMF BSF XFMM QPTJUJPOFE UP UBLF BEWBOUBHF PG 1BDJfiD DPBTUBM TIJQQJOH SPVUFT UP .BO[BOJM MP BOE -B[BSP $BSEFOBT XIJMF .POUSFBM BOE )BMJGBY IBWF "U MBOUJD BDDFTT UP "MUBNJSB BOE 7FSBDSV[ QPSUT PO UIF FBTU DPBTU PG .FYJDP ThF TFFNJOHMZ HSPXJOH 64 BQQFUJUF GPS QSPUFDUJPOJTN TUBOET JO EJSFDU DPOUSBTU UP UIF QSJODJQMFT PG HMPCBMJ[B UJPO UIBU IBWF HPWFSOFE 64 $BOBEB USBEF GPS UIF QBTU UXP EFDBEFT *OEFFE UIF PWFSBMM TVDDFTT PG /"'5" JMMVTUSBUFT UIF CFOFfiUT PG UIJT QPMJDZ USBEF CBTFE PO PQUJNJTN SBUIFS UIBO PTUSBDJTN ThF TUBSL DPOUSBTU CFUXFFO UIFTF UXP TUSBUFHJFT NBZ XFMM EF fiOF PVS USBEF SFMBUJPOTIJQ XJUI UIF 64 GPS UIF GPSFTFF BCMF GVUVSF XJUI B TPNFXIBU MFTT PQUJNJTUJD PVUMPPL

1.%!ƫ 1.* 1((Čƫ Čƫ ċ ƫ%/ƫ ƫ/1,,(5ƫƫ $ %*ƫ +*/1(0 *0ƫ3%0$ƫ +(!ƫ *0!.* 0%+* (Čƫ ƫ * % *ƫ (+#%/0% /ƫ +), *5ƫ,.+2% %*#ƫ 1/0+)/ƫ .+'!. #!Čƫ 3 .!$+1/%*#ƫ * ƫ3+.( 3% !ƫ0. */,+.0 0%+*ƫ/!.2% !/ċƫ !ƫ *ƫ !ƫ +*0 0! ƫƫ 0ƫ( 1.%!ċ01.* 1((Į +(!%*0(ċ +)

CONNECTING THE U. S. A N D M O N T R E A L T RU C K-C OMP ETITIVE I N TER MODAL SE R VICE I N C L U D ES 2ND MORNING AVA IL A BIL ITY FROM CH IC A GO T O MONTRE AL.

Incorporating intermodal rail into your cross-border transportation mix delivers cost savings and access to a capacity alternative that can head off disruption.

To learn more about the beneďŹ ts of cross-border intermodal rail shipping, visit IntermodalCanada.com

WE KEEP THINGS MOVING With a powerful combination of trucking, rail and logistics services; we provide a complete transportation solution for Canada, USA and Mexico.

www.cn.ca |

@shipCN | 1-888-668-4626