Safe Bulkers Company's subsidiaries provide marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of such services. Safe Bulkers Company's subsidiaries currently own 15 drybulk vessels, with an aggregate carrying capacity of 1,346,900 deadweight tons ("dwt"). The average age of the fleet is 3.80 years as of September 30, 2010. Our fleet currently consists of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels. Seven additional drybulk newbuild vessels have been contracted to be delivered at various times through 2013. Safe Bulkers Company's common stock is listed on the NYSE where it trades under the symbol "SB".

Trinity Industries, Inc., through its subsidiaries, provides various products and services for the industrial, energy, transportation, and construction sectors primarily in the United States. Its Rail group manufactures and sells railcars and component parts, such as auto carrier cars, box cars, gondola cars, hopper cars, intermodal cars, specialty cars, and tank cars. This group also offers railcar parts used in manufacturing and repairing railcars, such as auto carrier doors and accessories, discharge gates, yokes, couplers, axles, and hitches. It serves customers, including railroads, leasing companies, and shippers of products, such as utilities, petrochemical companies, grain shippers, and construction and industrial companies. The company’s Railcar Leasing and Management Services group leases tank cars and freight cars, as well as provides management services. Its Construction Products group produces concrete, aggregates, and asphalt; manufactures highway products, as well as other steel products for infrastructure related projects; and distributes construction aggregates, such as crushed stone, sand and gravel, asphalt rock, and recycled concrete. This group serves customers, such as contractors and subcontractors in the construction and foundation industry. The company’s Inland Barge group manufactures various inland barges and fiberglass barge covers; dry cargo barges, including deck barges, and open or covered hopper barges that transport various commodities, such as grain, coal, and aggregates; and tank barges used to transport liquid products. This group serves commercial marine transportation companies. Its Energy Equipment group offers structural wind towers, tank containers and tank heads for pressure vessels, tank heads for non-pressure vessels, and propane tanks. The company was founded in 1933 and is headquartered in Dallas, Texas.

DryShips, Inc., through its subsidiaries, engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. Its drybulk fleet principally carries various drybulk commodities, including bulk items comprising coal, iron ore, and grains; and minor bulk items, such as bauxite, phosphate, fertilizers, and steel products. As of April 6, 2010, the company owned and operated a fleet of 39 drybulk carriers consisting of 7 Capesize, 28 Panamax, 2 Supramax vessels, and 2 Panamax newbuilding vessels with a combined deadweight tonnage of approximately 3.3 million dwt, as well as owned and operated 2 ultra-deep water semi-submersible drilling rigs and 4 ultra deep-water newbuilding drillships. DryShips Inc. was founded in 2004 and is based in Athens, Greece.

International Shipholding Corporation, through its subsidiaries, provides maritime transportation services to commercial and governmental customers primarily under medium to long-term time charters or contracts of affreightment in the United States and internationally. The company also offers ship charter brokerage and agency services. As of December 31, 2009, it operated a fleet of 41 ocean-going vessels, including U.S. flag pure car/truck carriers (PCTCs) designed to transport automobiles, trucks, and vehicles; international flag PCTCs with the capability of transporting heavyweight and large dimension trucks and buses; multi-purpose vessels; container vessels; tanker vessels that are used to transport supplies; U.S. flag molten sulphur vessel that is used to carry molten sulphur; and special purpose vessels modified as roll-on/roll-off (RO/RO) vessels to transport loaded rail cars; U.S. flag conveyor belt-equipped self-unloading coal carrier; RO/RO vessels that permit deployment of rolling stock, munitions, and other military cargoes; U.S. flag and international flag container ships; double hull handy-size bulk carrier newbuildings; and bulk carriers. International Shipholding Corporation was founded in 1978 and is headquartered in Mobile, Alabama.

JHT Holdings might very well haul it. Through its subsidiaries, JHT Holdings provides over-the-road transportation of various types of motor vehicles, including commercial trucks and cars. Among its operating units are Active Truck Transport, Automotive Carrier Services, and Unimark. JHT has its roots in Kenosha Auto Transport, a company that was formed in 1933 to haul vehicles made by International Harvester and Nash Motors. Striving to strengthen its balance sheet amid a period of slumping sales, JHT voluntarily filed for Chapter 11 bankruptcy protection in June 2008 and emerged a few months later, in October.

New Century Transportation is bringing a different style of less-than-truckload (LTL) delivery to the new century. A transportation services company, New Century offers LTL services (where carriers consolidate freight from multiple shippers into a single trailer) to industrial, chemical, food, and other companies. Unlike many LTL carriers, the company offers a signature LTL service it calls "Load-to-Deliver," which involves delivering freight directly to customers rather than to a hub. It operates a fleet of more than 980 tractors and 2,100 trailers in the northeastern US, as well as across other parts of the US and Canada. The company -- formed at the turn of the century in 2000 -- filed to go public in 2010.

Cowan Systems provides truckload freight transportation, primarily in the eastern half of the US. The company's coverage area includes the mid-Atlantic states, the Midwest, New England, and the southeastern US. Cowan has about 1,400 tractors and 2,600 trailers and its largest customer is Coca-Cola Enterprises. The company arranges the transportation of freight through its logistics unit. Other offerings include ground transportation of airfreight between airports and dedicated contract carriage, in which drivers and equipment are assigned to a customer long-term. Cowan Systems has its roots in a trucking company that was founded in 1924.

Swiss Federal Railways (SBB) is on track in the railway business. The biggest transport operator in Switzerland, it offers passenger and freight rail services throughout the country. More than 327 million passengers and 54 million tons of freight use the SBB railway annually. Its passenger service unit has a 25% share of the transportation market with commuters leading that group. The company's SBB Cargo unit handles its freight rail operations within the country, as well as to neighboring countries (primarily with routes to Germany and Italy). The SBB Real Estate unit operates the RailCity train stations and earns rental income from the shops and kiosks while SBB Infrastructure keeps everything running.

Eagle Bulk Shipping Inc. is the largest U.S.-based owner of Handymax dry bulk vessels. This modern fleet is comprised principally of Supramax class vessels, a larger and more efficient Handymax design that enjoys strong demand from customers around the world. We believe that the cargo handling flexibility and cargo carrying capacity of the Supramax class vessels provides a distinct competitive advantage in the dry bulk marketplace. Eagle Bulk’s New York-based management team has, on average, 20 years of experience in the Handymax market. Eagle Bulk Shipping Inc. Company’s low cost structure and stable, medium to long term chartering strategy provide the foundation for growth in the dry bulk shipping market.

One of the regional less-than-truckload (LTL) freight haulers operated by YRC Regional Transportation, USF Reddaway does business in the western US and in western Canada. (LTL carriers consolidate freight from multiple shippers into a single truckload.) The carrier operates a fleet of some 2,300 tractors and 7,700 trailers from a network of about 70 terminals. It serves about a dozen states and two Canadian provinces. USF Reddaway extends its service into additional regions of the US through connections with other YRC Regional Transportation carriers, including USF Holland.

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