Can American Rail Survive Without Government Support?

 

Key Points:

  • The current US infrastructure bill aims to invest $66 billion in passenger and freight railing improvements, which could help numerous rail projects.
  • Leveraging private capital has been crucial to bridging the funding gap left by a lack of federal rail support.
  • Growth in communities can’t be addressed through highways but rather by investing in real transit systems.

Commentary:

The railroad industry is something that America has depended on for centuries. Whether it is transporting goods or people, legacy rail infrastructure is still in use today and a vital piece of the logistics supply chain. But like much of the US’ infrastructure, railroads, especially passenger rails stunted by a lack of federal dollars, are in dire need of upkeep and investments. Where is that money supposed to come from?

Lewis Rand, Associate Director of Turner & Townsend, gave MarketScale his thoughts on how these systems can be updated to account for city growth, needed renovations, and to ensure longevity. Besides natural growth and upkeep, investment in the railroad industry is one of the major tenets of President Joe Biden’s recent infrastructure bill and executive order, hoping to revitalize infrastructure and promote competition within the industry. Rand also explains how the executive order could help or hurt the railroad industry.

Follow us on social media for the latest updates in B2B!

Image

Latest

zero trust architecture
Secure Grid Modernization with Zero Trust Architecture
April 19, 2024

Ray Bauer of Verizon Business engages with Del Rodriguez from Palo Alto Networks at DISTRIBUTECH 2024. Rodriguez shares insights into the significance of cybersecurity within the utility sector, particularly in light of increasing cyber threats and the convergence of IT and operational technology (OT). Bauer and Rodriguez discuss Palo Alto Networks’ initiatives to enhance […]

Read More
private wireless networks
Private Wireless Networks
April 19, 2024

Verizon host Wayne Weeks discusses the evolving utility industry with John Gaster, CEO of KSI Data Sciences at DISTRIBUTECH 2024. Together, they explore how KSI focuses on harnessing data from remote sensing devices to enhance the safety, efficiency, and cost-effectiveness of utility operations. Gaster emphasizes the significant role of AI and machine learning in […]

Read More
5G network platforms
5G Network Platforms
April 19, 2024

Verizon host Matt Montgomery chats with Blaze Vincent and Thedy Wana from Ericsson, where they discuss pressing challenges and opportunities within the utility sector, emphasizing the significant role of digital transformation and 5G technology in addressing these issues. The conversation highlights Ericsson’s contributions to smart grid modernization and how their innovative solutions are tailored […]

Read More
5G security policies
Leveraging 5G to Extend Security Policies
April 19, 2024

Guests Jeff Brown and Carlos Augusto from Fortinet join Brett Barganz of Verizon to discuss the integration of extended security policies with 5G technology at DISTRIBUTECH 2024. They delve into the transformation and challenges in cybersecurity within the utility sector, highlighting the strategic partnership between Fortinet and Verizon to advance security solutions that leverage […]

Read More