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CONTENTS
• Hanson Wins Contract
• Baby Boomers & Trucking
• Senate Bill, Tax Credits
• Carrier Management
• Organics Increase
• Janson Elected to IRTA
• Letter from the President
• Front Page
• Visit the Hanson Website
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Senate Bill Addresses Growing Freight Capacity Crunch; Tax Credit to Help America Expand Rail Infrastructure, Reduce Highway Congestion
A bill introduced in the Senate will help expand freight rail capacity and begin to prepare the nation's transportation infrastructure for the coming surge in freight traffic, predicted to increase 67 percent in the next 15 years.
The bipartisan "Freight Rail Infrastructure Capacity Expansion Act" would provide a 25 percent tax credit for any business investing in new rail track, intermodal facilities, rail yards, locomotives or other rail infrastructure expansion projects. Railroads, ports, shippers, trucking companies and other transportation-related businesses would be eligible for the credit.
Numerous studies -- including a report from the American Association of State Highway and Transportation Office -- have concluded that building more highways is no longer the only answer to the nation's transportation problems.
"The highway system is increasingly congested, and the social, economic and environmental costs of adding new highway capacity are prohibitively high in many areas," states the AASHTO report, which found the benefits of rail infrastructure tax incentives would far exceed the cost. "Making these investments and realizing these benefits will require a new partnership among the railroads, the states, and the federal government."
AASHTO is composed of state Department of Transportation leaders across the nation, and their report on the freight rail industry recommends investment tax incentives as a key part of the solution to the nation's infrastructure problems.
Many leading business organizations have also recognized the looming transportation crunch and are supporting tax incentives to increase capacity, including the National Retail Federation, the U.S. Chamber of Commerce, the Association of Metropolitan Planning Organizations, the World Shipping Council, and the Coalition for America's Gateways and Corridors.
For additional information, go to www.go21.org.
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