S) vs Industrial Production (L HS) 15% 10% 5% 0% (5%) (10%) (15%) (20%) Correlation: 71% 13 S " 71 Q "' 0 mea CA Econ-Sensitive Carloads —CA IP San* DAMS &int AAR US SEA Before we provide more details on the remaining carload classifications, we believe it is important to note the relation