Technology News
The United States lags behind the rest of the world when it comes to passenger trains but when it comes to the freight railroad the U.S. is dominating. The U.S. freight rail network operates over 140,000 miles of privately-owned track in every state except Hawaii, according to the Association of American Railroads. It moves one-third of all U.S. exports and roughly 40% of long distance freight volume. Correction (February 3, 2022): Craig Fuller incorrectly states Amtrak is for-profit but Amtrak is not a for-profit corporation.
Credit CNBC
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