Report: Short lines add $6.5 billion to U.S. economy

(Source: Railway Age, July 27, 2018)

NEW YORK — An industry economic impact report found short line railroads provide $6.5 billion in added value to the U.S. economy – aided by the positive impact of the Short Line Tax Credit. The report, which was prepared by PricewaterhouseCoopers LLP and released by the American Short Line and Regional Railroad Association (ASLRRA), found industries reliant on short line transportation services provided 478,820 jobs, $26.1 billion in labor income and $56.2 billion in value added to the U.S. economy in 2016.

Full story: Railway Age

Monday, July 30, 2018