Freight railroads continue record-high investment

03/5/2013 | RailwayAge.com

Freight railroads are expected to invest $24.5 billion this year to enhance infrastructure, and that will benefit the economy and the transportation sector, Association of American Railroads President and CEO Edward Hamberger said. "The freight-rail industry is unique among American freight transportation because the network is primarily privately funded and does not rely on taxpayer dollars," Hamberger said to the House Transportation and Infrastructure Railroads, Pipelines and Hazardous Materials Subcommittee.

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