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Legislation

Lott: Senate Bill to Provide Incentives

WASHINGTON — A U.S. Senate bill is aimed at addressing "the crisis in freight transportation by providing incentives for railroads and shippers to expand their freight capacity," according to U.S. Sen. Trent Lott, R-Miss. The measure was introduced July 26. "With highways and airways becoming increasingly congested, pressure is on the railroads to accommodate the rising tide of freight," Lott said. "Freight railroads and railroad shippers could expand their operations — adding second or third tracks, rail spurs and signals — under my legislation, the Freight Rail Infrastructure Capacity Expansion Act." The bill would establish a 25 percent tax credit