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U.S. rail sector plans to boost infrastructure spending as volumes rise

2015-02-03 08:05:35| Railroads - Topix.net

U.S. railroads expect to boost spending to $29 billion this year to lay track, add engines and otherwise upgrade a national network tested by a surge in energy and agriculture deliveries, the leading industry trade group said on Monday. The investment announced by the Association of American Railroads is the second annual increase for a transportation system that has become a vital tool for North Dakota oil producers and Midwest farmers enjoying bumper grain crops.

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