With the fast pace of information and technology today, it’s easy to think of traditional freight railroads as a thing of the past, something beautiful and nostalgic, a slow moving piece of history passing by. In reality freight railroads are growing faster than ever. According to the Association of American Railroads, nearly $29 billion will have been spent in 2015 on new equipment and improving rail lines and facilities.
Did you know that on average five million tons of goods are delivered each day by railroads? Trains continue to play a vital role in connecting towns and cities across America to the global economy.
Related: Railroad contractor risk management starts with clearly worded contracts
If you’ve ever wondered what’s inside that long string of railroad cars that pass in front of you as you wait at a railroad crossing, here’s what we found out from the Association of American Railroads. Some of the cargo en route near and far include consumer goods, agriculture products, cars, coal, chemicals, paper, lumber and more. Did you know a target class of our Railroad Program is freight forwarding loading and unloading? Find out more about our target classes here.
Arrowhead’s Railroad Insurance Program, underwritten by The Hartford, is specifically geared towards contractors, manufacturers and wholesalers that service the railroad industry. The plan offers general liability, property, inland marine, commercial auto, railroad protective liability and umbrella protection on admitted paper.
Related: Top Reasons to add Railroad Contractors and Manufacturers Program to your producer portfolio
Arrowhead is currently a member of the National Railroad Construction and Maintenance Association. The NRCMA has great resources to get familiar with this growing industry segment including industry news, safety tips, member directories and more. Join us at the annual convention Jan. 6-9 at the Hotel Del Coronado on Coronado Island, near downtown San Diego.
CONTACT US
Ready to hitch a ride on our Railroad program specifically designed for contractors and manufacturers in railroad service and support industries? Whether you have an existing client you would like to quote, or want to get your foot in the door in this historical and GROWING industry, contact Matt Hetrick, AVP Corporate Development, MHetrick@ArrowheadGRP.com or 619.881.8459 today to learn more.