DeutscheBankMarketsResearchNorthAmericaUnitedStatesIndustrialsChemicals/CommodityPeriodicalRailcar&PetroChemicalUpdateDate18February2018USChemicalShipments+0.2%.Ethanedown1c/galto24c/galRailcarloadings4-weekmovingaverage+0.2%.Weeklyloadingsup4.0%________________________________________________________________________________________________________________DeutscheBankSecuritiesInc.DeutscheBankdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Thus,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.DISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.DavidBegleiterResearchAnalyst(+1)212250-5473david.begleiter@db.comKatherineGriffinResearchAssociate(+1)2