We in Florida are fortunate to have one of the fastest growing economies in the United States and to live in one of just seven states to experience GDP growth of at least 3.1 percent in 2015. Population in our state rose by 1.8 percent the same year — the fourth-highest total in the country. This growth is great news, but continued expansion will require smart investments in Florida’s transportation infrastructure. With tight budgets at all levels of government, funding these needed investments will be challenging. Freight railroads provide two important lessons in this regard: Large-scale investment has a colossal economic impact; and smart regulation can encourage private investment while also boosting safety and benefiting the public.
Source: Miami Herald