Economic Impact Study
Rail Supply Industry: Manufacturing and Services Keeping the American Economy On Track
The Railway Engineering-Maintenance Suppliers Association (REMSA), the Railway Supply Institute (RSI) and Railway Tie Association (RTA), released the latest economic and workforce impact of the products and services produced by the railway supply industry. This report, Rail Supply Industry: Manufacturing and Services Keeping the American Economy on Track 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.
The report highlights that the railway supply industry is essential to the national economy: generating value, stimulating jobs, and paying taxes. In 2020, the rail supply industry directly employed almost 240,000 workers, who directly contributed $27.7 billion of value-added economic activity across the United States. Rail suppliers also deliver secondary benefits that other modes of transportation cannot, such as reductions in road congestion, highway fatalities, fuel consumption, greenhouse gases, cost of logistics, and public infrastructure maintenance costs.
The report highlights that the railway supply industry is essential to the national economy: generating value, stimulating jobs, and paying taxes. In 2020, the rail supply industry directly employed almost 240,000 workers, who directly contributed $27.7 billion of value-added economic activity across the United States. Rail suppliers also deliver secondary benefits that other modes of transportation cannot, such as reductions in road congestion, highway fatalities, fuel consumption, greenhouse gases, cost of logistics, and public infrastructure maintenance costs.
