Major U.S. railroads support approximately 1.5 million jobs, nearly $274 billion in annual economic activity and nearly $88 billion in wages and $33 billion in tax revenues.

Railroads of New York, Inc. represents the freight rail industry in New York State, comprised of four Class I Railroads (CSX, Canadian National, Canadian Pacific, and Norfolk Southern) and 35 Short Line and Regional railroads that directly employ approximately 3,500 individuals in NYS.

  • The U.S. carries the most freight by rail per mile of any country, with China and Russia tied for second. Rail traffic volume has increased 84% since 1981, with no significant increase in the size of the railroad network. At the same time, rail shippers, on average, pay approximately 4% less than they did in 1981.

  •  Recent forecasts from the Federal Highway Administration found that total U.S. freight shipments will rise from an estimated 18.1 billion tons in 2015 to 25.5 billion tons in 2040, a 41% increase.

  • The American Association of State Highway and Transportation Officials estimated that if all freight rail traffic were shifted to trucks, rail shippers would have to pay an additional $69 billion per year.

  • The U.S. freight rail industry employs approximately 165,000 individuals. With an average compensation of nearly $120,000 per year, the freight rail industry produces some of the nation’s best-paying jobs, many of which are unionized, including active recruitment of military veterans who make up approximately 20% of U.S. railroad employees.

  • In 2014 alone, major U.S. railroads supported approximately 1.5 million jobs, nearly $274 billion in annual economic activity, and nearly $88 billion in wages and $33 billion in tax revenues.

  • Railroad retirees are covered by the Railroad Retirement System instead of Social Security. Today, over 650,000 beneficiaries receive more than $12 billion in benefits from Railroad Retirement annually.

  • Railroads haul approximately 35% of all U.S. exports. 42% of rail carloads and intermodal units and 35% of annual rail revenue are directly associated with international trade.

  • Approximately 50,000 rail jobs, worth over $5.5 billion in annual wages and benefits, depend directly on international trade.

  • Unlike trucks, barges and airlines, privately-owned freight railroads operate almost exclusively on infrastructure they own, build, maintain and pay for themselves. From 1980 to 2016, U.S. freight railroads spent more than $635 billion of their own funds on capital expenditures and maintenance expenses, representing 40 cents out of every revenue dollar. For comparison, the average U.S. manufacturer historically spends approximately 3% of revenue on capital expenditures, while freight rail companies spend on average 19% of revenue.

Need Rail Service?

Contact us for help meeting your rail transportation need.