America’s demand for safe, affordable, and environmentally responsible freight transportation will grow in the years ahead. Railroads are the best way to meet this demand. Almost entirely privately owned and operated, America’s freight railroads have spent more than $660 billion since 1980, including record amounts in recent years, to create a freight rail network that is second to none in the world.
Policymakers can help ensure that America has adequate rail capacity in the years ahead by retaining the current balanced regulatory structure that protects shippers and consumers while giving railroads the opportunity to earn what they need to keep their networks in top condition. Policymakers should also support public-private partnerships with railroads to solve transportation problems, retain existing truck size and weight limits, and enact corporate tax reform that enhances economic development and promotes job growth.