L. E. PEABODY & ASSOCIATES, INC

L. E. Peabody & Associates, Inc., founded in 1956, is an economic consulting firm specializing in transportation economics and operations as well as non-transportation economic issues involving energy commodities, including electricity, coal and natural gas markets, purchasing and sale of energy commodities and valuation of energy assets. L. E. Peabody & Associates, Inc. provides strategic services to freight shippers, short line and regional railroads, passenger rail systems, and trucking firms. We also provide market analysis and research for federal and state agencies. We have extensive data analysis and database management experience and capabilities. In addition, we routinely model railroad operations using commercial software (e.g., Berkeley’s Rail Traffic Controller (“RTC”)) and proprietary programs (i.e, the Railroad Operations Simulator (“ROS”)). L. E. Peabody & Associates, Inc. also routinely uses in-house models to forecast economic indices for our clients.