Freight Rail Continues to Bring Growth in New Mexico
Railroads have a played a substantial role in the Land of Enchantment economy since the first tracks arrived in the New Mexico Territory in 1879. In recent years, expansion and maintenance of the rail network has provided a steady stream of capital investment in New Mexico and helped the state double its exports across the Mexico border, from $802 million in 2014 to $1.5 billion in 2015.
New Mexico’s six freight railroads operate over 1,860 miles of track and employ 1,671 in the Land of Enchantment.* It would have taken approximately 8.1 million additional truckloads to move the 145.4 million tons of freight that moved by rail in New Mexico in 2014. Coal makes up the majority of freight rail shipments beginning in New Mexico. Intermodal shipments and nonmetallic minerals are the largest rail imports to the state.
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in rail rates, 1981-2014.
That means the average rail customer today can ship nearly twice as much freight for about the same price it paid more than 30 years ago.
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