The trucking industry is the lifeblood of the U.S. economy. Nearly 71% of all the freight tonnage moved in the U.S. goes on trucks. Without the industry and our truck drivers, the economy would come to a standstill. To move 10.5 billion tons of freight annually requires over 3.6 million heavy-duty Class 8 trucks and over 3.5 million truck drivers. It also takes almost 39 billion gallons of diesel fuel to move all of that freight. Simply - without trucks, America stops. Private Investments Railroads spent more than $660 billion on their privately owned networks between 1980 and 2017. That’s more than 40 cents out of every revenue dollar. • Economic Impact Research from Towson University's Regional Economic Studies Institute found that in 2014 alone, major U.S. railroads supported approximately 1.5 million jobs, nearly $274 billion in annual economic activity, and almost $88 billion in wages and $33 billion in tax revenues. • International Trade Railroads haul approximately 35% of all U.S. exports, allowing American industry to be more competitive in the worldwide economy. • Jobs With an average compensation of nearly $120,000 a year, the freight rail industry produces some of the nation’s best-paid jobs. It also actively recruits military veterans. • Infrastructure With a single train hauling several hundred truckloads worth of freight, U.S. freight railroads’ infrastructure eases the burden on the nation’s overcrowded highways — and the taxpayers who support them.
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