Replies to post #51482 on Genesis Electronics Group Inc (GEGI)

[beer$$money]

$ GEGI The Freight Rail Network

Running on almost 140,000 route miles, the U.S. freight rail network is widely considered the largest, safest, and most cost-efficient freight system in the world. [1] The nearly $80-billion freight rail industry is operated by seven Class I railroads [2] (railroads with operating revenues of $490 million or more) [3] and 22 regional and 584 local/short line railroads. [4] It provides more than 167,000 jobs [5] across the United States and offers ancillary benefits that other modes of transportation cannot, including reductions in road congestion, highway fatalities, fuel consumption, greenhouse gases, cost of logistics, and public infrastructure maintenance costs.

Unlike roadways, U.S. freight railroads are owned by private organizations who are responsible for their own maintenance and improvement projects. Compared with other major modes of transportation, railroad owners invest one of the highest percentages of revenues (19 percent) to maintain and add capacity to their system, spending nearly $25 billion annually. [6]
https://railroads.dot.gov/rail-network-development/freight-rail-overview





https://www.quora.com/Who-owns-the-land-under-railroad-tracks-and-power-lines

https://www.quora.com/Do-railroads-own-the-land-the-tracks-are-on

https://legalprox.com/how-many-feet-does-the-railroad-own-from-the-tracks/

[threebabiesbusy]

Good morning Luna! Hope you are doing well. My husband and I own a business/land directly along side a railroad. We own our land and Pacific Rail owns the land that the railroad runs on. Ownership stops at street and roads….standard easement restrictions apply. We bought several of our parcels from Pacific.