Artikel Nummer: 5516
US freight railroads investing record sum again
The USA's freight railroads will spend approximately USD 26 billion to build, maintain, and upgrade their nationwide rail network in 2014, according to the Association of American Railroads (AAR). This year’s projected record investments continue a decades-long trend of private railroad dollars that sustain America’s railfreight network.
Freight railroads have invested approximately USD 550 billion of their own money into the rail network since 1980, including USD 115 billion in the past five years alone. AAR estimates that the freight railroads will also hire more than 12,000 employees in 2014, up from a projected 11,000 new hires in 2013. (ben)