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Anacostia & Pacific Names Leopold to New Safety Post

Chicago September 5, 2006 - Anacostia & Pacific Company, Inc. has appointed Thomas A. Leopold, CSP director Safety, and Operating Procedures & Evaluation, a newly created position. He has 24 years of safety experience, including 14 years in the railroad industry, and holds a master of industrial safety degree from the University of Minnesota.

Mr. Leopold previously served as general director Safety and Rules for the Kansas City Southern Railway from 1998 to 2003 at Kansas City, MO. From 1991 to 1998, he was field director Safety for BNSF Railway at Galesburg, IL before moving to Fort Worth, TX where he was line director Safety & Rules and corporate director Safety – Program Development and System Evaluation.

Mr. Leopold began his career in 1982 as a safety engineer with Martin Marietta Aerospace, New Orleans, LA, subsequently joining Honeywell’s Underseas Systems Division in 1984 as safety engineer and manager Environmental, Health and Safety until 1991, when he joined BNSF.

APCI Chairman and CEO Peter Gilbertson said, "Safety is paramount and Tom will support our affiliates as they continue to provide safe, reliable, and efficient service to the many customers and communities in the six states served by our railroads."

Since 2005, Mr. Leopold has served as a safety consultant for CoreMedia Training Solutions, Portland, OR, and from 2004 to 2005 was a safety and leadership consultant with Hile Group, Normal, IL Anacostia & Pacific Company is a rail development and consulting firm based in Chicago with five operating rail affiliates, including:

• The Chicago SouthShore & South Bend Railroad serves northern Indiana’s industrial complex operating 85 route miles of line between Chicago and South Bend, IN;

• Louisville & Indiana Railroad owns and operates 107 route miles of rail line between Indianapolis, Ind. And Louisville, KY;

• New York & Atlantic Railway provides rail freight service on 269 miles of line in New York City and Long Island, NY;

• Northern Lines Railway operates on 25 route miles of track serving customers in the vicinity of St. Cloud, MN;

• Pacific Harbor Line, Inc. provides rail switching, dispatching and related services in the Ports of Los Angeles and Long Beach, CA.

JRI Announces Location for New Canola Crushing Plant

Winnipeg September 7, 2006 - James Richardson International Limited (JRI) today announced it will build its new state-of-the-art canola crushing plant in the vicinity of Yorkton, Saskatchewan. As previously announced, the plant will be capable of processing 840,000 metric tonnes of canola per year and its construction cost is estimated to be in the range of $100 million.

Yorkton is situated in the heart of Western Canada's prime canola growing region. With access to the main lines of major rail carriers, a good highway system and the availability of required infrastructure, the area possesses many favorable attributes that make it an ideal location for JRI's canola crushing plant.

Government representatives of Manitoba and North Dakota were very helpful, informative and engaged in various meetings with JRI. They articulated very clearly and enthusiastically the advantages of their respective jurisdictions. However, JRI's decision was made based on operational considerations and in that respect, the Yorkton area more closely met the established criteria.

"We are very pleased with our decision to build in the Yorkton area," said Hartley T. Richardson, President and Chief Executive Officer of JRI's parent company James Richardson & Sons, Limited. "As the Richardson family approaches its 150th year of business in Canada, this bold new project will stand as a milestone in the evolution of our agri-food business. This is a positive development for our company and Western Canadian agriculture generally."

JRI President Curt Vossen adds, "We look forward to working with the municipal authorities and area residents as we move ahead with the construction and operation of the plant. The immediate and longstanding benefits to the communities involved are exceptional."

The plant's construction, to take place over an 18 to 24-month period, will create employment for numerous tradespeople. Once operational, the plant will employ up to 70 people, the majority of whom will be employed in high-skilled positions. Furthermore, producers throughout Western Canada will benefit from the presence of an additional processor for their canola.

While the timeline for construction of the plant is partly dependent on regulatory approvals and delivery of equipment, initial site preparation work is expected to begin before the end of the year, with actual construction starting early in 2007.

Boise Cascade and Watco Agree to Discontinue Agreement to Sell MD&W

Boise September 5, 2006 - Boise Cascade and Watco Companies, Inc., announced today that all of the conditions for the sale of Boise's Minnesota, Dakota & Western (MD&W) Railway to Watco were not met within the time frame specified under the purchase and sale agreement the companies had reached in July. As a result, Boise will retain ownership of the railway and MD&W's portion of an international rail and toll bridge that links the communities of International Falls, Minnesota, and Fort Frances, Ontario, Canada. Watco will continue to provide service to Boise at its paper mills in DeRidder, Louisiana, and Wallula, Washington.

Originally established in 1910, MD&W was purchased by a Boise subsidiary in 1965 and has been operated by the company since that time.

"MD&W employees have continued to maintain their historically high levels of safety, professionalism, and operating performance during this period of uncertainty," said Brett Norseth, director of transportation. "We also appreciate Watco's continuing support of our operations' transportation needs and look forward to continuing this excellent relationship."

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