Tech
Why Passenger Train Manufacturing Is Booming In The U.S
The United States ranks below many industrialized nations when it comes to ridership on its passenger rail, but investment in U.S. rail is picking up. Railcar manufacturing revenue in the U.S., including for freight trains, is expected to reach $2.9 billion by 2028. Meanwhile, investment in passenger rolling stock, which includes high-speed rail, light rail, metro, passenger coaches and locomotives, is expected to increase at a rate of 4.7% per year between 2021 and 2026 across North America. A big boost to the rail industry comes from the Infrastructure Investment and Jobs Act, which was passed in 2021 and designates $66 billion to improve the nation’s rail system. Train manufacturers are hoping to see some of that money trickle down to them. CNBC visited two of the biggest passenger railcar manufacturers operating in the country, Siemens and Alstom, to see how they are ramping up production and to learn what they see as the future of passenger rail in the US.
Chapters:
00:00 — Introduction
03:30 — Siemens
07:41 — Alstom
12:00 — Challenges
15:52 — Future of passenger rail
Produced and Shot by: Magdalena Petrova
Edited by: Marc Ganley
Animation: Christina Locopo
Senior Producer: Shawn Baldwin
Supervising Producer: Jeniece Pettitt
Additional Camera: Katie Brigham, Sydney Boyo, Juhohn Lee
Additional Footage: Getty Images, Alstom, Siemens, Amtrak
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Why Passenger Train Manufacturing Is Booming In The U.S
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Reporter: Luke Fountain
Produced and Edited by: Romy Tarantino
Animation: Jason Reginato, Emily Park
Additional Camera: Macklin Fishman, Andrew Evers
Supervising Producer: Shawn Baldwin
Additional Footage: Getty Images
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Produced by: Robert Ferris
Edited and shot by: Darren Geeter, Natalie Rice
Additional Camera: Ryan Baker
Post production support: Erin Black
Animation: Jason Reginato, Emily Park
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Addition footage: Getty Images
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@ssmith2832
December 19, 2023 at 2:46 am
Need high speed trains
@vimmentors6747
December 19, 2023 at 2:46 am
Did some train manufacturers make a big campaign contribution.
@harvbegal6868
December 19, 2023 at 2:46 am
Taking a multi-day train trip in a sleeper cabin is on my bucket list.
@ellenbryn
December 19, 2023 at 2:46 am
I started riding Amtrak during pandemic, and Delta can kiss my medallion club miles goodbye. (Except for one annoyance— passenger rails were laid down before LA got a good water supply and SF got poleaxed by an earthquake, so SF has the great Zephyr route to points between Chicago and the west Coast, whereas I'm stuck on the old Ssnta Fe route through Albuquerque and Kansas City. Once we get highspeed rail to SF, I'm taking the Zephyr, and will never fly to Salt Lake again.)
@venkateshprabhu336
December 19, 2023 at 2:46 am
The only reason why Railway failed is because of Auto lobby and Airline lobby
@Goatcookie
December 19, 2023 at 2:46 am
Why did they allow Chinese companies to do this?
@jacobgardner4793
December 19, 2023 at 2:46 am
We need HIGH SPEED trains in the US. Would replace the need for planes in a lot of cases, and save money if done right. I think a lot of people cannot afford cars, and so they are looking for other transportation options.
@TerreHauteRemoteGoat
December 19, 2023 at 2:46 am
I love train travel, though here in the U.S., it often feels out-of-date. The main limitation to wider adoption is the lack of freedom to build train-friendly neighborhoods. As long as we are forced to live in car-centeic suburban sprawl, Americans will often find trian travel inconvenient. Zoning laws have to change to give Americans more choice in the types of neighborhoods to live in.
@PanduPoluan
December 19, 2023 at 2:46 am
You know, it's sad how the USA had neglected rails. I mean, I have read the awesome stories of how the US build the Transcontinental railroad. Then there are awesome steam locomotives made by the US in the 19th-20th century. Great locomotives that even get exported.
@brooklynelite5428
December 19, 2023 at 2:46 am
Thank You, Joe Biden for the infrastructure funding If it wasn't for you, this miracle wouldn't have come true. I wish America was all high trains across every corner of the country. Flying sucks blame Republicans for our out of date rail service.
@daveh3777
December 19, 2023 at 2:46 am
Biden did that.
@user-cu7uz5le3h
December 19, 2023 at 2:46 am
It is cheap and easy to pave roads. Especially in a huge country. Trains don’t make sense. It is just a huge debt bomb. China is finding this out. They are the last country to think are doing the right thing. It is a very mismanaged country that hides as much of its problems as it can.
@hectorquinones5579
December 19, 2023 at 2:46 am
Don't "Buy America" restrictions just make everything much more expensive?
@santi4050
December 19, 2023 at 2:46 am
cap
@archlab007
December 19, 2023 at 2:46 am
lt's a joke that you can't go from Atlanta to Miami directly without going through New Orleans or Washington, .
this investment is wayoverdue.
@Iowan515
December 19, 2023 at 2:46 am
Now we need to improve existing rail structures. And make greedy freight companies share their railways with paggenser trains too.
@michaelhoran407
December 19, 2023 at 2:46 am
There are almost daily freight train derailments accidents in the U.S. because the clapped out right of way railbed is 100 years old junk with almost no overhead catenary electrified rail.
@TideasOfficial
December 19, 2023 at 2:46 am
biggest problem is what happens when they get to the other city. there's still no decent in-city public transit system outside of NYC, SF, DC, Chicago.
@pracylopgonzer3176
December 19, 2023 at 2:46 am
You know if trains want to gather more travel they should design a rail car that can load & unload individual automobiles easily. They should then offer passenger travel where one could take their automobiles with them at a price less than a car rental would charge for duration of a vacation. If someone could take their vehicle with them & not worry about renting it would be attractive .
@Kuwandi
December 19, 2023 at 2:46 am
For the sake of national security there needs to be an underground rail … network built – complacency kills
@robertweerayachts4432
December 19, 2023 at 2:46 am
It is very nice to learn that Infrastructure Bill is finally building everything from EVs to trains and everything that is connected to transportation industry in the USA.
@sacroyalty
December 19, 2023 at 2:46 am
Excellent (Montgomery Burns voice). Good to see, as an American who’s seen how nice it could be when abroad.
@thetruthfornow6045
December 19, 2023 at 2:46 am
Biden's infrastructure is paying off in dividends. Those affected by this act is spreading throughout the economy. Trump failed getting infrastructure passed. Making America great is far more than wearing a red hat and being brainwashed by trump. Biden 2024.
@InsightsAbroad
December 19, 2023 at 2:46 am
In WHICH country are the trains being manufactured? China and Europe, like our solar and wind?
@dookiepost
December 19, 2023 at 2:46 am
The US is a good candidate for a high speed rail system.
@mrandersson2009
December 19, 2023 at 2:46 am
how about… flying trains? Best of both worlds.
@bbharatillusion4574
December 19, 2023 at 2:46 am
Usa copying China?😂 but the fundamental flaw to countrywide rail development is still the capitalist mindset that will limit the scale of the development.
@titusprime5240
December 19, 2023 at 2:46 am
Because the government elites want us to own nothing
@roguebossa
December 19, 2023 at 2:46 am
It's a hundred years overdue!
@user-qn3qo5wc2v
December 19, 2023 at 2:46 am
Next rta Pass!!!
@rgolianeh
December 19, 2023 at 2:46 am
You leave things up to the public you'll get in trouble. You narrow their choices and they'll follow.
@queeneze
December 19, 2023 at 2:46 am
America and Europe Stopped in investing in improving Technology but focused on Funding wars in other Countries.
@GORT70
December 19, 2023 at 2:46 am
I like trains. If some rail lines were re-opened, it would help regional-especially the Midwest-travel a lot. But full national lines? It dates DAYS to do that. It has its place, but not shared with cars or long distance travel.
@aidandawn2717
December 19, 2023 at 2:46 am
My degree is in environmental studies and i am from California and it's pretty sad how the difficulty of environmental assessment here has contributed so heavily to killing a program that would be so good for the environment.
@victorthenotsogreat1975
December 19, 2023 at 2:46 am
I prefer to take a train than a plain, you find a lot of mentally sick people at the airport.
@user-yv4gg7jb2f
December 19, 2023 at 2:46 am
Smart Phase 1 and 2
@QuiquElizalde
December 19, 2023 at 2:46 am
Where´s the North American continent?
@igibon8
December 19, 2023 at 2:46 am
I don’t believe traveling by rails are coming back. It is not only the train rides are more time consuming, it’s also the commute at the destination still a problem. Public transportations at local level are not well designed in the USA at all.
@mm-yt8sf
December 19, 2023 at 2:46 am
hearing trains don't have to be profitable at first sounded strange, but then i thought about it and roads cost a lot of money and don't generate a profit…though they do allow businesses function and make their own profit and people to travel farther to work and earn a living. if it takes away customers from airlines though they might have an issue with that (lobbying-wise)