Rail Investment To Be Encouraged

The National Industrial Transportation League (NITL) reports a bill introduced as S. 1125, “Freight Rail Infrastructure Capacity Expansion Act of 2007” would provide a tax credit for any organization that adds rail capacity—including shippers. The proposed 25% tax credit for investment in new track, intermodal facilities, yards, locomotives or other infrastructure expansion projects would not be limited to railroads. 

Though NITL has not established a position on the new legislation, the Association of American Railroads (AAR), the U.S. Chamber of Commerce, the National Retail Federation and the National Mining Association are among the groups already announcing their support for the bill.