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Florida East Coast Railway Past, Present, and Future

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The Florida East Coast Railway

Past, Present, and Future

Richard A. Shores

Artwork by John Robbins and Richard A. Shores

| 2

FEC History

• Henry Morrison Flagler

• Key West Extension

• 1935 Hurricane

• 1963 Labor Strike

• End of Passenger Service

• Global Marketplace

FEC Rail Corridor

NY005L5Y_1.wor 2010

Tampa

St. Petersburg

Fort Lauderdale /Port Everglades

Port of Palm Beach

Port of Miami

Daytona Beach

Jacksonville Beach

Fort Pierce

Cocoa Beach

MiamiMiamiMiamiMiamiMiamiMiamiMiamiMiamiMiami

OrlandoOrlandoOrlandoOrlandoOrlandoOrlandoOrlandoOrlandoOrlando

JacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonvilleJacksonville

Titusville Interm odal Term inal

Ports & Terminals

NS Track

CSX Track

FEC Track

FEC Highway Services

4

95

10

75

95

| 2

Strength Through Innovation

• Key West Extension

• End of Train Device “red man”

• TOFC to Gunderson Well Cars

• Concrete Ties

| 3

FEC Mainline & Performance

• 351 Mile Class One Mainline (60 to 80 MPH)o Continuous Welded Rail on Concrete Ties

• Record Setting On-Time Performanceo 2000 Consecutive Days Without Service Failure for UPS

• One of The Safest Railroads in The United Stateso Repeated Winner of The E.H. Harriman Award

• Location, Location, Locationo Passes Through The Heart of Many Coastal Cities

| 4

PANAMA CANAL ROUTE: PATH OF LEAST RESISTANCE

SOUTHERN CALIFORNIA (UP, BNSF)

Price –Inflation Trend:

- Alameda Corridor Fees

- Environmental Fees

OVER-UTILIZED ROUTE:

- Captive UP & BN Rail Route

- Congestion & Capacity Issues

SOUTH FLORIDA

( FEC-JAX-CSX/NS)

Price-Stability:

- No corridor Fees

- No Environmental Fees

UNDER-UTILIZED ROUTE:

- FEC & Connections to CSX / NS

- Surplus Capacity

- SB Loaded Export Opportunity

| 5

SHIFTING FROM LAND-BRIDGE TO REVERSE LAND BRIDGE

| 6

The Panama Canal Expansion

• Panama Canal expansion will allow larger vessel passage (expected completion in 2014)− Currently can accommodate 4,800 TEU vessels− Post expansion, Canal will accommodate +13,000 TEU vessels which will

allow for faster all-water times to the East Coast for the more cost efficient “large vessels” (larger vessels are 30% more cost efficient)

| 6

Port of Miami Prepares For Mega Container Shipswith Nine (9) Super Post Gantry Cranes for large vessels

| 7

• Seaports vs. River portso Maintaining 50ft Deptho Loading Equipmento Clearance Issueso Traffic Congestion

• Improvement Fundingo FED TIGER II $22.7Mo Florida DOT $11.0Mo Miami-Dade $3.0M

o FECR $11.0M

| 8

Tremendous Potential From A Single Container Ship Per Day.

Double- Stack Well-Cars In Unit Trains

120 Car Unit Trains Will Be Under 7500 Feet and Will Hold 480 TEUs.

One 12,000 TEU Mega Container Ship = 24 to 26 Intermodal Unit Trains.

1 Double-Stacked Well Car Holds 4 TEUs

| 8

The Return Of Passenger Service

| 9

The South Bay Extension

• Same Track Miles To Fort Pierce

• Over 350 Crossing Grades avoided

• Greater Speed Would Reduce Trip By one hour

• Reduce Congestion On Both Railroad and Highways

| 10

Thank You For Your Attention!

Images & Artwork Provided By:

• Florida East Coast Railway (slides 1, 4, 8, and logo)

• Florida East Coast Railway Society (Banner Photos) • Google Earth (Maps & Aerial Views) (Slides 7 & 9)

• John Robbins (Slide Format) (Artwork On Slides 2, 5, 6, and 10)

• Richard A. Shores Collection (Lower Photos Slide 3)

• Seth Bramson Collection (Photo Slide 3)

• South Florida East Coast Corridor Study (Slide 9)

| 11

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