The in the United States for rail network will move a series of finished products and raw goods to fuel the economy once again. Doing the mincer generating huge returns for the American rail system. Would many investors are valuing in rail is the idea of a cost-effective transportation network that’s more environmentally friendly than long-haul trucking. With the US Department of Transportation expecting a total demand in freight rail to grow 30% by the year 2040, improvements being made today will represent a world-class freight system for tomorrow.
An investment in freight rail operations can be profound for the economy. To give an example, US freight railroads were responsible for $219 billion in economic activity in the year 2017 and is supported nearly 1.1 million jobs across the country.
Almost every goods-related industry in the United States relies on freight rail to get their products throughout the market. Whether it’s manufacturers, automakers, utilities providers or homebuilders, US freight rail rates can affect the price of nearly every consumer good we access. With expansion to the industry US freight rail rates can lower considerably and this leads to a number of US exports being more desirable for purchase.
Railroad investments also improve overall safety. When railroads apply new technology, this can reduce downtime as well as provide added levels of efficiency. Safety innovations for New Age railroads include training simulators for engineers, new smart sensor technology, railway drones, and advanced data analytics for failure prediction.
Further investments into green technologies and electric rail will improve the efficiency of freight car designs and help us to save on fossil fuel usage. Moving freight by rail can reduce greenhouse gas emissions by up to 75% on average through their efficiency and this is increased dramatically with the use of electric rail.
The future for the US rail industry looks bright and making investments in your company can generate massive returns for the future and for our economic recovery.
This post was written by Justin Tidd, Director at Swartz Engineering. For nearly half a century, Swartz Engineering has been at the forefront of industry safety. They are a family-owned company specializing in power distribution for the electrical industry. They are the leading manufacturer of voltage transducers. Our design ensures maximum flexibility for excellent reliability and a high return on investment.