The Association of American Railroads (AAR), an industry group that represents some of the largest rail freight lines, report that the seven North America-based Class I will be spending $13 billion in 2012 on a number of infrastructure projects, creating some 15,000 jobs. This includes a freight corridor from Southern California ports to Texas and the locations in the Southwest. Nearly one-quarter of all freight cars handled by the railroad company, Union Pacific, commence or terminate their route in Southern California.The rail freight companies have invested over $480 billion in the rail network over the last thirty years. The rail system is privately funded and no taxpayer money is used in upgrading the network. The AAR report that twenty percent of all rail revenue goes back into maintaining, expanding, and improving the U.S. rail network.
Read more about freight on US railroads here.
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