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US railroads to invest $13B on freight networks

February 06, 2012 - 21:11 GMT Location: Chicago

KEYWORDS: railroads , freight traffic , capital investments , Edward Hamberger , AAR , metals , ore , scrap , coke

Major U.S. railroads expect to spend a record $13 billion this year to expand and improve the nation’s freight rail networks, according to the Association of American Railroads (AAR).

Railroads have devoted about 17 percent of their annual revenue to capital expenditures in recent years, he said, including investments in intermodal terminals; new track, bridges and tunnels; modernized safety equipment; and new locomotives, rail cars and other components.

"As the demand to move more freight by rail increases and a significant percentage of the...

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