Who Benefits? All of us.
The Public
The U.S. Department of Transportation, the American Association of State Highway and Transportation Officials (AASHTO), and others all agree that demand for freight transportation will grow sharply overthe next 20 years. With our highways already congested, the nation must choose how to accommodate these shipments in the most efficient and responsible way - by increasing freight rail capacity.
AASHTO's Freight Rail Bottom Line Report concludes that investing in rail would produce overwhelming public benefits.
Motorists According to the U.S. DOT, congestion costs the U.S. almost $180 billion each year. Putting more freight on rail, though, could significantly reduce this worsening problem. One intermodal train can carry as many as 280 truck trailers; trains carrying other types of freight can carry the loads of 500 trucks. Every ton of freight moving by rail means less congested highways.
AASHTO concluded that just a one percent increase in rail's freight shar over 20years would yield $635 billion in benefits to motorists in the form of time not stuck in traffic, less fuel usage, and fewer accidents.
Taxpayers AASHTO also found that a one percent increase in rail's freight share would save taxpayers $27 billion over twenty years because of reduced spending on highway maintenance and construction.
The Environment Locomotives are three or more times more fuel efficient than trucks. One locomotive can move a ton of freight nearly 414 miles on a single gallon of diesel fuel. Also, the Environmental Protection Agency estimates that for every ton-mile, a locomotive emits roughly three times less NOx and particulates than a truck.
Railroads
Railroads will benefit because they have an incentive to invest even more than they currently do. Greater investment increases capacity, which allows them to carry higher levels of traffic.
Businesses
The tax credit is available to anyone who makes a qualifying investment in rail infrastructure. Shippers, trucking companies, ports, rail customers, etc. benefit because they have an incentive to invest in their own rail infrastructure - enhancing their transportation options and expanding the nation's freight rail network at the same time.
Local Economies
More investment means railroads will be better able to serve local communities. It also means more jobs associated with the investments.
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