Will We Derail US Freight Rolling Stock Production?
US freight railcar manufacturers contribute $6.5 billion to U.S. GDP and support nearly 65,000 jobs. However, increased global competition and evidence suggesting unfair business practices puts this contribution at risk.
Oxford Economics conducted an original study that evaluates the practices of Chinese state-owned enterprises' (SOE) push into the U.S. market and the potential risks to domestic manufacturers and domestic supply chains. The study focuses primarily on U.S. freight railcar production and includes consequences from a similar experience in Australia's freight railcar production, when faced with the entrance of Chinese SOEs.