Ungated Post | 02 Oct 2018
Tracking the Power of Rail Supply: The Economic Impact of Railway Suppliers in the U.S.
The rail supply industry has been a dynamic and vital part of the U.S. economy for over 200 years–spurring value in excess of $74 billion in 2017 alone and supporting more than 650,000 jobs.
With over 140,000 miles of rail, over 38,000 locomotives and 1.6 million railcars, the demand to support the rail transport ecosystem cannot be understated. The importance of reinvestment into infrastructure is, in turn, creating new value–especially in key development areas such as Positive Train Control (PTC), where the industry has invested about $10 billion over the past decade. The rail supply sector is also characterized by family sustaining wages–the average annual income of those in the industry tips the scales at about $78,800, well above the national average.
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