Research from Towson University’s Regional Economic Studies Institute found that in 2017 alone, Class I railroads’ operations and capital investment supported over 1.1 million jobs, $219.5 billion in economic output, and $71.3 billion in wages, while also creating nearly $26 billion in total tax revenues. Railroads make consistently high capital investments, and the results are impressive:
- High-paying jobs within the industry.
- Additional jobs that are supported by the industry.
- The connection of a wide swath of industries and consumers to the global market.
- And the growth of local communities because of the infusion of sizeable funds into the market and government budgets.