According to the Association of American Railroads (AAR); “Freight Rail’s Investments Generate Huge Returns for America”. In particular, they indicate that:
- As privately owned entities, the “vast majority of America’s freight railroads own, build, maintain, operate and pay for their infrastructure with little or no government assistance”;
- The railroads spend about six times average manufactures in the Nation on capital expenditures, averaging more than $26 Billion/year on capital and maintenance expenses;
- The freight system is self-sufficient; and,
- In 2017 alone the freight rail’s contribution to US economic activity was approx. $219 Billion and supported 1.1 million jobs.
These facts demonstrate the importance of freight-by-rail to our Nation and industry in general.
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