Freight Railroads in Today's Economy
| This section needs additional citations for verification. |
Freight railroads play an important role in the United States' economy. The American freight rail system is considered the best in the world. In terms of ton-miles, railroads annually move more than 25% of the United States’ freight and connect businesses with each other across the country and with markets overseas. They also directly contribute tens of billions of dollars each year to the economy through wages, purchases, retirement benefits, and taxes.
Read more about this topic: Rail Transportation In The United States
Famous quotes containing the words freight, railroads, today and/or economy:
“These have been wonderful years. How many happy, happy times we have traveled about together! Day and night, in stage coaches, on freight trains, over the mountains and across the prairies, hungry and tired, we have wandered. The work was sometimes hard and discouraging but those were happy and useful years.”
—Susan B. Anthony (1820–1906)
“Indeed, I believe that in the future, when we shall have seized again, as we will seize if we are true to ourselves, our own fair part of commerce upon the sea, and when we shall have again our appropriate share of South American trade, that these railroads from St. Louis, touching deep harbors on the gulf, and communicating there with lines of steamships, shall touch the ports of South America and bring their tribute to you.”
—Benjamin Harrison (1833–1901)
“A good book is the best of friends, the same today and for ever.”
—Martin Tupper (1810–1889)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)