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 - LM Editorial

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

UPS today announced diluted earnings per share of $1.32 for the third quarter 2014, a 13.8% improvement over the prior year period. Operating profit increased 8.3%, resulting from balanced growth across all three segments.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 4.4 percent from August 2013 to August 2014 at $100.6 billion.

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

Article Topics

Blogs · Railroad · Green · AAR · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA