Grainnet Podcast: Mike Steenhoek, Soy Transportation Coalition, Highlighting Findings of National Rail Study
Date Posted: April 12, 2013
New annual investments in railroad infrastructure, beyond what the railroads are contributing, will need to be at least $1.5 billion to fill the gap in funding. That is the upshot of a new report from the Soy Transportation Coalition on the U.S. railroad infrastructure.
With domestic use of U.S. grain leveling off, more trains will be needed to haul grain from the Cornbelt to either the Gulf or Pacific Northwest ports for global export. Grain elevators have begun constructing facilities for shuttleloading, and should be provided with tax credits for such investment, says the report.
Discussing the details is Mike SteenHoek, executive director of the Soy Transportation Coalition (515-334-1019). The podcast is 12:30.