More than 1.2 million U.S. jobs are supported by the freight rail industry, says AAR President and CEO Edward Hamberger. He notes that the railroads invest $20 billion a year in private funds to help "keep our nation's rail network the envy of the world." Hamberger opposes proposals from the Surface Transportation Board to impose regulations on some cargo types. "As our fragile economy looks to rebound, we should be doing all we can to preserve a regulatory framework that helps support American businesses and grow jobs," he says.
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