Research from Towson University’s Regional Economic Studies Institute found that in 2014 alone, major U.S. railroads supported approximately 1.5 million jobs, nearly $274 billion in annual economic activity, and almost $88 billion in wages and $33 billion in 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.