US freight railroads face
obstacles threatening
ability to aid recovery
Feb 24, 2010 10:43 AM
Edward R Hamberger, Association of American Railroads president and chief executive officer, said freight railroads are at a critical point in their history as the industry is facing new challenges from overburdensome federal regulatory mandates that could seriously undercut the industry’s ability to aid in US economic recovery.
At a press briefing marking the release of a report titled Great Expectations: Railroads and US Economic Recovery, Hamberger said that while freight railroads have been able to weather the economic downturn, they stand to face even more difficult times
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