DeutscheBankMarketsResearchNorthAmericaUnitedStatesIndustrialsChemicals/CommodityPeriodicalRailcar&PetroChemicalUpdateDate28January2018USChemicalShipmentsdown2.1%.Ethaneup1c/galto29c/galRailcarloadings4-weekmovingaverage-2.1%.Weeklyloadingsdown5.6%________________________________________________________________________________________________________________DeutscheBankSecuritiesInc.DeutscheBankdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Thus,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.DISCLOSURESANDANALYSTCERTIFICATIONSARELOCATEDINAPPENDIX1.MCI(P)083/04/2017.DavidBegleiterResearchAnalyst(+1)212250-5473david.begleiter@db.comKatherineGriffinResearchAssociate(+