Freight Railroads in Today's Economy
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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)
“Our inventions are wont to be pretty toys, which distract our attention from serious things. They are but improved means to an unimproved end, an end which it was already but too easy to arrive at; as railroads lead to Boston or New York.”
—Henry David Thoreau (1817–1862)
“In communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wishes, society regulates the general production and thus makes it possible for me to do one thing today and another tomorrow, to hunt in the morning, fish in the afternoon, rear cattle in the evening, criticize after dinner, just as I have a mind, without ever becoming hunter, fisherman, shepherd or critic.”
—Karl Marx (1818–1883)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)