Rail

EJ&E sale could generate $60M in Chicago’s GRP

Posted on December 3, 2008

A study released by Chicago Metropolis 2020 projected the pending purchase of the EJ&E Railway by the Canadian National Railway (CN) would create 649 new jobs in the region with total new annual salaries of $39 million and a growth in annual sales in the region of more than $160 million.

CN’s plan to divert freight trains to a suburban rail line would ease the freight traffic gridlock in northeastern Illinois and spur a growth of $267 million in the nation's Gross Domestic Product, including more than $60 million in the Chicago region's Gross Regional Product.

Chicago Metropolis 2020, a business-based civic organization, commissioned the independent economic benefits study of the EJ&E transfer, which awaits a decision by the Surface Transportation Board.

The study was conducted by the Economic Development Research Group, a Boston consulting firm using state-of-the-art tools to evaluate the economic impact of infrastructure projects, and Carl Martland, a freight consultant and senior research associate at Massachusetts Institute of Technology.

 

The complete study is available at www.chicagometropolis2020.org.

 

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