Hamberger: Class I's capex investments benefit customers, economy

02/22/2013 | Logistics Management (free registration)

North American Class I railroads' annual investments boost the economy and benefit shippers, said Association of American Railroads President and CEO Edward Hamberger. The industry is expected to spend $24.5 billion in private dollars this year. "Our industry's leaders and investors know that 'deferred maintenance' is not a winning strategy, so these vital capital expenditures and maintenance investments will continue, particularly given railroads are growing market share to move even more freight in the future," Hamberger said.

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