Private Sector Rail Investments Drive Economic Development in North Star State
Responsible for over a quarter million Minnesota jobs and $40 billion of the state’s gross domestic product, freight rail plays a huge role in Minnesota’s economic success. Railroads’ support for Minnesota agriculture, industry, forestry, mining and more adds an estimated $2,000 to the average Minnesotan’s income – or more than $5,000 per household.
Minnesota’s 19 freight railroads operate over 4,292 miles of track and employ 4,566 in the North Star State.* It would have taken approximately 15.5 million additional truckloads to move the 278.1 million tons of freight that moved by rail in Minnesota in 2014. Metallic ores and intermodal shipments comprise the majority of freight rail shipments beginning in Minnesota. Coal is the state’s largest import.
New award given to chairman and ranking member of the Senate Commerce Committee for demonstrated commitment to U.S. rail. Washington, D.C. — The Association of American Railroads…
[inlinetweet prefix="#trade:" tweeter="" suffix=""]“Without freight railroads, American industry and consumers could not participate in the global economy anywhere near as fully as they do today.”[/inlinetweet]…
[inlinetweet prefix="#RailSafety:" tweeter="" suffix=""] The latest safety statistics are in, and 2016 marked the lowest train accident rate on record for freight railroads.[/inlinetweet] Washington, D.C. —…
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in rail rates, 1981-2014.
That means the average rail customer today can ship nearly twice as much freight for about the same price it paid more than 30 years ago.
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