Following the economic disruption initiated by COVID-19 and its accompanying effects on the freight railcar manufacturing and railcar components sector, 30 bipartisan members of Congress have come together in support of the Freight RAILCAR Act of 2023 (H.R. 838) to spur investment in a key part of our transportation sector.
The bipartisan bill has been hailed as an “environmental game changer.”
It supports 65,000 rail manufacturing and supply jobs and provides tax credits to encourage the replacement or modernization of North America’s freight railcar fleet with higher capacity, more fuel-efficient freight railcars now, rather than years from now.
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