Subscribe to our free, weekly email newsletter!



Recognizing Rail

“Freight rail continues to play a vital role in the United States’ growth, job creation, and economic recovery.”
By Patrick Burnson, Executive Editor
July 28, 2010

The U.S. House of Representatives unanimously voted yesterday to support a resolution honoring America’s freight railroad industry and its employees.

“Freight rail has played a critical role in the economic development of the United States and has helped to build cities and strengthen infrastructure throughout this great Nation,” states the resolution. “Freight rail continues to play a vital role in the United States’ growth, job creation, and economic recovery.”

The resolution recognizing and honoring the freight railroad industry and its employees, H. Res. 1366, was sponsored by Congressman Phil Hare (D-IL) and supported by 28 bipartisan cosponsors. H. Res. 1366 passed the House by a vote of 411-0.

Although it may appear to be just a token gesture, LM agrees with AAR President and CEO Edward R. Hamberger, who greeted the news with this statement:

“Whether it’s by supporting millions of American jobs, keeping the things we buy and use more affordable, or easing traffic congestion and lowering greenhouse gas emissions, freight rail provides tremendous benefits to America.”

Freight railroads generate nearly $265 billion in total annual economic activity, and directly or indirectly support more than 1.2 million U.S. jobs. Since 1980, railroad productivity has increased 144 percent, rail rates are down 49 percent, rail accident rates are down 75 percent, railroad fuel efficiency is up 104 percent, and railroads have reinvested some $460 billion back into their systems.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

Global demand remains stable as packaging equipment providers of all sizes shift focus

Six straight days without a ship waiting for berth

Freight forwarders were relieved to learn yesterday that U.S. Customs and Border Protection (CBP) would be delaying its Automated Commercial Environment (ACE) implementation.

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Article Topics

Blogs · Railroad · Green · AAR · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA