![]() ![]() ![]() And what we've seen with the investment that Amtrak has made in these next-generation high-speed trains is: We've brought about a dozen different suppliers from primarily Europe that have set up and done foreign direct investment in the U.S. ![]() "The challenge had always been the fragility of the supply chain behind them. that are building trains," Scott Sherin, chief commercial officer at Alstom U.S., said. "Today you probably have about a half dozen different rolling stock suppliers in the U.S. passenger train operator, to upgrade its fleet of Acela trains. At its facility in Hornell, New York, train maker Alstom is working on fulfilling an order for Amtrak, the federally owned U.S. And now that we have it, I think you're going to see a tremendous amount of growth in the industry."įederal investment is also pushing companies to establish a domestic supply chain. Federal funding is the one piece that we need. "If you look at the federal funding that other nations get, it's tremendous. "I think passenger rail in the United States has been a little bit slow in years past because of funding," Marc Buncher, president and CEO at Siemens Mobility North America, told CNBC. Personal Loans for 670 Credit Score or LowerĪ significant boost to the rail industry comes from the Infrastructure Investment and Jobs Act (IIJA), which was passed in 2021 and designates $66 billion to improve the nation's rail system. ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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