October 13, 2014
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Study: Freight rail worth a decade of Washington's economic growth



Freight rail generates 7.5 percent of Washington's economic activity, and the recently announced cooperative agreement between Seattle and Tacoma ports is good news for the future of rail in Washington.

The Puget Sound Business Journal says the Alliance is a positive development for rail. The Washington Council on International Trade issued a recent report saying 10 percent of all Washington jobs are related to freight rail, part of the 40 percent of the state's jobs linked to national and international trade. The rail industry supports 7.5 percent of Washington's GDP, according to the report.

The Tri-City Herald crunched the numbers and concluded that freight rail contributes $28.5 billion to Washington's economy each year. That's equal to a full decade of economic growth.

(Photo via Wikimedia Commons).

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