Freight Railroads: A Crucial Economic Resource

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The Economic Impact of America’s Freight Railroads – Association of American Railroads – November 2018.

SUMMARY: Freight railroads in the United States are the best in the world and are a crucial national economic resource. Every year, railroads save consumers billions of dollars while reducing energy consumption and pollution, lowering greenhouse gas emissions, cutting highway gridlock, and reducing the high costs to taxpayers of highway construction and maintenance. They also have a tremendous broader economic impact: in 2017 alone, America’s major freight railroads supported 1.1 million jobs, nearly $219 billion in output, and $71 billion in wages across the U.S. economy. In addition, millions of Americans work for firms that are much more competitive in a tough global economy thanks to the affordability and productivity of America’s freight railroads.