Economic and Fiscal Impact Analysis of Class I Railroads in 2017

The primary purpose of this study is to examine the economic impact of Class I railroads, a major transportation and economic contributor, on the U.S. economy. This report, commissioned by the Association of American Railroads (AAR), calculates the economic and fiscal impacts of operations and capital investments of Class I railroads in 2017. Beyond the economic and fiscal impacts, this report briefly outlines the widespread use and benefits of Class I railroads’ transportation. The analysis found that Class I railroads have a wide footprint on the economy, impacting a variety of industries and occupations. The total impacts (including direct, indirect, and induced) are a result of industry spending on employee wages, as well as operating and capital expenses. In 2017, Class I railroads’ capital expenditures for road work and equipment reached approximately $13.0 billion, while maintenance expenditures were nearly $11.9 billion, totaling over $24.8 billion in capital and maintenance disbursements. Meanwhile, total direct employment for Class I railroads exceeded 147,000 in 2017, with approximately $12.8 billion in total 2017 expenses attributable directly to wages. According to the Regional Economic Studies Institute (RESI) analysis, Class I railroads’ operations and capital expenditures supported over 1.1 million jobs (0.8 percent of all U.S. workers), $219.5 billion in output (1.1 percent of total U.S. output), and $71.3 billion in wages (0.9 percent of total wages in the U.S.).

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; Figures; References; Tables;
  • Pagination: 24p

Subject/Index Terms

Filing Info

  • Accession Number: 01705766
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 30 2018 9:00AM