Economic Impact Study
Tracking the Power of Rail Supply:
The Economic Impact of Rail Suppliers in the U.S.
The Railway Engineering-Maintenance Suppliers Association (REMSA), partnering with the Railway Supply Institute (RSI), Railway Systems Suppliers, Inc. (RSSI) and Railway Tie Association (RTA), announced the results of a major study quantifying the economic and workforce impact of the products and services produced by the railway supply industry. This report, Tracking the Power of Rail Supply: The Economic Impact of Rail Suppliers in the U.S., highlights the importance of the industry to the U.S. economy in terms of jobs, tax revenue, and gross domestic product (GDP) on both the state and national level.
Beyond their critical support for a railroad system comprising more than 1.6 million railcars, 38,000 locomotives, and 140,000 miles of track, the railway supply industry is also essential to the national economy-generating value, stimulating jobs, and paying taxes. The economic contribution of the railway supply industry in 2017 amounted to more than $74.2 billion in gross domestic product (GDP) and they paid $16.9 billion in taxes to local, state and federal governments. Railway suppliers directly employ more than 125,000 people in manufacturing, repair, maintenance, and leasing, among others. firms.
Beyond their critical support for a railroad system comprising more than 1.6 million railcars, 38,000 locomotives, and 140,000 miles of track, the railway supply industry is also essential to the national economy-generating value, stimulating jobs, and paying taxes. The economic contribution of the railway supply industry in 2017 amounted to more than $74.2 billion in gross domestic product (GDP) and they paid $16.9 billion in taxes to local, state and federal governments. Railway suppliers directly employ more than 125,000 people in manufacturing, repair, maintenance, and leasing, among others. firms.
