Recent Release | 13 Feb 2023

Rail Supply Industry: Manufacturing and Services Keeping the American Economy on Track

Economic Consulting Team

Oxford Economics

The rail supply industry—the businesses behind the rail transportation industry that provide the necessary goods and services to keep the US railroad network running—plays an essential and powerful role in driving in the United States economy. In 2020, the US rail supply industry’s total economic impact was $75.8 billion of GDP, 682,426 jobs, $49.0 billion of labor income, and $15.5 billion in taxes. These numbers combine the direct, indirect, and induced contributions of the sector’s activities.

Rail suppliers enable the rail transportation industry to operate by manufacturing railcars and locomotives, and critical rail infrastructure such as signals, rail ties, and railway maintenance equipment. Key segments of the rail supply industry include: railcar (“rolling stock”) manufacturers, railcar lessors, rail parts manufacturers, maintenance-of-way specialists, and rail tie manufacturers.

About the team

Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project included:

Dan Martin

Senior Economist, Economic Impact

You might be interested in

The Economics of Reduced-Risk Products: Global policy landscape and principles for policy treatment

In this study, Oxford Economics assesses the policy landscape for ‘Reduced-Risk Products’ in the tobacco market, and explores the potential health and economics consequences of taking a precautionary policy stance against them.

Find Out More
How to tackle sustainability challenges

Sustainability is a multifaceted challenge, shrouded in complexity. It can make navigating the complex landscape of sustainability daunting, with organisations often struggling to understand their unique challenges and find effective solutions or meet their reporting and disclosure requirements. Why, are companies struggling, even though 97% of businesses consider sustainability a top priority?

Find Out More
The McDonald’s System’s Multi-Billion Dollar Impact

The McDonald’s System plays an integral role in state economies through its support of jobs and businesses, driving economic opportunity for its independent owner/operators, McDonald’s crew members, and suppliers.

Find Out More
The Economic Impact of U.S. Cable Providers

This report, commissioned by NCTA, shows that cable providers and cable programming providers had a significant impact on the U.S. economy in 2022 in terms of their contribution to GDP, the number of jobs they support, and the tax revenue they stimulate.

Find Out More