SOURCE: Industrial Info Resources

June 06, 2007 06:01 ET

Rail Project Starts in Latter Half of 2007, Expected to Top $8.8 Billion in U.S. & Canada, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 6, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas). The first half of 2007 has been quite good to the rail industry, both in terms of freight rail projects and commuter/light rail projects. Rail spending has been on the upswing for the last several years and 2007 has been no exception. To date, $10 billion worth of rail projects have begun construction this year. In the latter half of 2007, an additional $8.8 billion worth of project work is currently scheduled to break ground as well, making 2007 a very busy year for the industry.

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