Scott Axelson, Vice President Business Development, TraPac

FEDERAL/STATE/CITYAND THE WATERFRONT“U.S. fiscal policy is unsustainable, and unsustainable toan extent that it can't be solved through minor changes,”“It's a matter of arithmetic,”Congressional Budget Office (CBO) Director DouglasElmendorf

ASCAuto Strads

CASCADING COSTS IN AZERO-SUM MARKET CARB/AQMD – no peace until all Electric Energy – “30% renewables” subsidized by consumers Development Process - EIR to construction CAPA – increase on increase – you got maintenance Pier Pass – cost of infrastructure Alameda Corridor Fee Clean truck - 5x the investment Workers comp –no fault = deep pocket=increases Chassis model - unsustainable

BEYOND THE CLEAR LANGUAGE OF THE CONTRACT“You can always count on Americansto do the right thing –after they've tried everything else.”Winston Churchill.