The Association of American Railroads (AAR) provided this 2017 outlook on Jan. 4:
"Market shifts in the U.S. economy have led to challenges in the freight rail industry, especially as it relates to rail traffic.
"Freight railroads, therefore, have outlined a series of policy recommendations designed to help preserve and enhance the industry's positive impact on the nation's economy, while allowing for continued safe, efficient and reliable freight transportation service.
"We remain focused on providing the best possible rail network for our customers and all Americans," said Edward R. Hamberger, President and CEO of the Association of American Railroads, "and as a result, the freight rail industry will advocate for a simpler and fairer tax code to enhance U.S economic development, promote growth and reduce debt. Freight railroads will also push for a sustainable funding source that provides for aggressive investment in public infrastructure."
Hamberger also addressed the industry's ongoing concern with a series of proposed regulations before the Surface Transportation Board (STB):
"The freight rail industry is capital intensive and must spend massive amounts of its money to maintain infrastructure and equipment. Current STB proposals would inhibit railroads' ability to continually invest the amount of capital needed to make the 140,000-mile network work for Americans. The Board should be cognizant of the economic impact our industry and promote regulations that enhance job growth and development," Hamberger added.