Report: Towson University: Freight Rail Economic Impact Study

October 2018

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.
These benefits come at a savings of billions of dollars each year for taxpayers because America’s freight railroads operate overwhelmingly on infrastructure that they own, build, maintain and pay for themselves.
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