Capacity constraints and climbing transportation costs forcing shippers to adapt their operations Strategic Rationale 01 $4T 6% 14% 11% Global freight TAM globally Estimated transportation spend CAGR through ‘24 Estimated MT Fees CAGR through ‘24 3PL outsourcing CAGR through last 20 years World is run by trucks US trucking costs rising faster than GDP Shippers are accelerating their adoption of technology and outsourced logistics 1. Armstrong & Associates, Inc., “Third-Party Logistics Market Results And Trends for 2016” (2016) 2. AT Kearney Analysis. 3. Armstrong & Associates (DTM only) 1 2 2 3