September 22, 2014

Rails boost spending, hiring, dividends

Railroads, enjoying record profits, say they will invest $12 billion in improving their track and operations in 2011, a significant increase over the $10.7 billion spent on capital improvements in 2010. Additionally, the railroads say they will hire some 10,000 employees in 2011 — and more than 70,000 new workers over the next five years [...]