Railroads plan record investment as industry booms

03/27/2013 | Wall Street Journal, The

U.S. railroads are set to invest a record $14 billion this year to improve speed and efficiency as customers demand more capacity to haul freight. Rail is becoming the most important part of the commercial transportation system and is a key factor in economic recovery. Rail service has become more cost efficient compared to 30 years ago, according to the Association of American Railroads.

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