The Association of American Railroads' announcement of a projected $13 billion investment by freight railroads for infrastructure upgrades and hiring sprees is "great news" for the industry and the U.S. economy, writes Christopher Mahoney. "These investments help businesses get their goods to market more efficiently and affordably, so they too can innovate, invest and hire. That's how freight rail spurs the American economy and supports jobs all across the country," said AAR CEO and President Edward Hamberger.

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