The railroad compliance services can assist you in being in compliance with relevant industry safety standards. If in need of a railroad compliance service, then you can count on RailRCS for the highly professional and experienced railroad compliance services with our approved classrooms and programs.
Growing population and effective investment in transportation infrastructure is anticipated to add rail Infrastructure market growth over the forecast period.
According to U.S. Department of Transportation, Federal Railroad Administration, U.S. rail industry consist of 140,000 rail miles operated by class 1 railroads, 510 local railroads, and 21 regional railroads.
Industry also provides 221,000 jobs across United States and also offers various public benefits such as highway fatalities, logistics cost, greenhouse gases and fuel consumption, reduction in road congestion, and public infrastructure maintenance cost.Rising passenger volume, increasing number of rail routes and network, rolling infrastructure and stock, growing awareness regarding passenger rail is anticipated to boost the U.S. rail infrastructure market over the forecast period.
However, growing dominance from automobiles and airplanes is anticipated to be the key restraint for U.S. Rail Infrastructure Market.Railroads are continuously developing and researching high tech innovations to enhance rail operations which in turn is expected to add market growth.
Growing investment in locomotives, freight cars, computer equipment, highway equipment, and other equipment is anticipated to add U.S. rail infrastructure market growth over the forecast period.
According to American Public Transportation Association, in 2016, number of light rail passengers in 14 United States cities grew by an average of 4.3%, whereas Houston, New Orleans, Baltimore, Seattle, and Phoenix showed nearly double-digit growth.
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