Hamberger: Freight rail ready for expanded Panama Canal

04/11/2013 | RailwayAge.com

Freight railroads invested $25.5 billion of their own money last year to strengthen their network and will spend about the same amount this year. This will help position them to meet the anticipated demand related to the Panama Canal expansion. "The fact is, whether the freight is coming into or leaving from Long Beach or Savannah or Miami or Houston or Seattle or Norfolk or any other major port, our nation's freight railroads are in a good position now, and are working diligently to be in an even better position in the future, to offer the safe, efficient, cost-effective service that their customers at ports and elsewhere want and need," said AAR President and CEO Edward Hamberger.

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