Executive Briefings

Railroads Are Called the Engines of the U.S. Economy

U.S. freight railroads will get $23bn worth of upgrades this year, and taxpayers won't pick up the tab. That's because the railroads build, maintain and improve their own infrastructure and even pay property taxes on their tracks. Also, freight trains are about three times as fuel-efficient as long-haul trucks, which means they help cut smog and reduce the U.S.'s carbon emissions and oil dependence. And forget those accident-prone trains your kids watch on Thomas the Tank Engine & Friends. In reality, shifting freight from roads to rails sharply reduces crashes and congestion.

It's not just that the railroads are self-sufficient and fuel-efficient, employ 175,000 workers and have poured $500bn into their trains, tracks and terminals since 1980. They are also quite literally the engines of our economy.  America's rail-shipping rates are the world's lowest, reducing the cost of doing business in the U.S.; they've fallen 45 percent in real dollars since the industry was deregulated three decades ago.

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Keywords: transportation management, supply chain, supply chain management, logistics services, logistics & supply chain, America's railroads, U.S. railroads move freight

It's not just that the railroads are self-sufficient and fuel-efficient, employ 175,000 workers and have poured $500bn into their trains, tracks and terminals since 1980. They are also quite literally the engines of our economy.  America's rail-shipping rates are the world's lowest, reducing the cost of doing business in the U.S.; they've fallen 45 percent in real dollars since the industry was deregulated three decades ago.

Read Full Article


Keywords: transportation management, supply chain, supply chain management, logistics services, logistics & supply chain, America's railroads, U.S. railroads move freight