AAR issues statement on U.S. Dept. of Treasury report on infrastructure investment, highlights railroad industry's plan to invest US$13B in 2012, hire 15,000 employees to upgrade freight rail network
March 26, 2012
– The Association of American Railroads (AAR) today released the following statement on the U.S. Department of Treasury report on infrastructure investment, A New Economic Analysis of Infrastructure Investment. For more information on freight rail industry investment in infrastructure, visit FreightRailWorks.org.
“Transportation infrastructure is the backbone of the nation’s economy, and the freight rail industry plays a critical role in connecting American businesses to their customers,” said Edward R. Hamberger, president and CEO of the Association of American Railroads. “This year the industry plans to invest a record $13 billion – money we spend so that taxpayers don’t have to. We are also hiring 15,000 new employees to modernize, upgrade, and improve the freight rail network.
“The freight rail industry is dedicated to improving our infrastructure so that we can meet the changing demands of the economy. We are upgrading our privately held network so that tens of thousands of American companies, like Vestas, Whirlpool and Caterpillar can meet their customers’ needs. Our private investments create economic opportunities throughout the communities in which we operate.”