Grupo Faharo

National high-speed rail effort may be beneficial for freight railroads

03/16/2010

When President Barack Obama and the White House awarded $8 billion in federal grants from the American Recovery and Reinvestment Act to 31 states-and 13 major corridors-in the U.S. for high-speed and intercity passenger rail projects earlier this year, it was widely heralded as welcome news that was long overdue, given how other parts of the world-like China and Europe-are far more advanced on this front with proven high speed rail (HSR) systems up and running...more