(Source: Association of American Railroads press release, January 30, 2012)
WASHINGTON, D.C. — The Association of American Railroads (AAR) announced that the nation’s major freight railroads are projected to invest a record $13 billion in capital expenditures in 2012 to expand, upgrade, and enhance the nation’s freight rail network. The freight railroads also expect to hire more than 15,000 employees this year, replacing retiring workers and adding new positions nationwide.