Truck, rail sectors look at economy for the long haul
Jun 30, 2012 | 07:00 PM
| AMM staff
The Association of American Railroads (AAR) announced earlier this year that the nations major railroads are expected to invest a record $13 billion in 2012 to expand, upgrade and enhance the nations freight rail network. The railroads also expect to hire more than 15,000 employees this year, replacing retiring workers and adding new positions nationwide.
Unlike trucks, barges or airlines, Americas freight railroads operate on infrastructure they own, build and maintain themselves so taxpayers dont have to. And this year, theyre investing at a record rate to meet the demands of the recovering economy, said Edward R. Hamberger, AAR president and chief executive officer. These investments help businesses get their goods to market more efficiently and affordably so they....
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