WASHINGTON--(BUSINESS WIRE)--National Retail Federation President and CEO Matthew Shay today issued the following statement on President Trump’s infrastructure plan:
“We appreciate the President’s attention to the urgent need to rebuild America’s outdated infrastructure, which has long been a priority for NRF and our members. For decades, we’ve seen a lack of investment in infrastructure, and American companies, workers and consumers have paid the price. From congested ports to deteriorating railways, roads and bridges, there is no shortage of pressing issues that must be addressed.
“As major shippers, retailers face challenges every day as they work to move freight quickly, efficiently and safely to deliver products and meet consumer demand amid a rapid rise in ecommerce. Through the framework released today, we hope bipartisan discussions will advance meaningful solutions to our infrastructure needs, including a long-term sustainable funding source that treats all transportation system users fairly.”
More information on why infrastructure matters to the retail industry is available here.
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.