22 Jun 2016
The AAR recently released its second State of the Industry Report for 2016. This year’s report titled, “The Ripple Effect: Freight Rail Delivers the Economy,” for the first time ever shares data that begins to quantify the freight railroad sector’s economic and fiscal impact. Furthermore, it features chapters that focus on the impact of the railroad industry on the national economy, public policy and consumers. Conducted by Towson University’s Regional Economic Studies Institute (RESI), the report states that, “freight railroads trigger a powerful economic ripple effect across the United States. Railroad spending means job growth, dollars to communities and global competitiveness.” AAR President and CEO Edward Hamberger remarks that “freight rail is the basic building block that allows a great sweep of economic activity to take place across the country.” See more of the report at www.aar.org/report-2.