Amtrak Could Turn a Profit for the First Time (wbur.org)

Article summary

Amtrak is on track to break even on its passenger railroad service next year for the first time in the company's nearly 50-year history. The company reported an operating revenue of $3.3 billion for fiscal year 2019, a 3.6% increase over the last year, and reduced operating losses by close to $400 million. Amtrak's president and CEO attributes the improvement to employees' dedication to the company's mission and statutory obligation. The company plans to prioritize urban corridors over cross-country routes and offer more differentiated products on the same line.

Main themes

• Amtrak profitability
• rail transportation
• infrastructure investment
• urban planning
• public transit

What commenters say

• The US is too large for efficient rail transportation, making it difficult for Amtrak to turn a profit.
• Amtrak's focus on urban corridors is a good strategy, given the high demand for transportation in these areas.
• The company's profitability is not the primary concern, as transportation infrastructure is a public good that provides economic benefits beyond direct revenue.
• Some argue that Amtrak is a natural monopoly and deserves subsidies, while others believe that it should be subject to market forces and competition.
• The comparison between Amtrak's subsidies and those for highways is unfair, as highways carry a much larger volume of passengers and goods.
• Investing in rail infrastructure could have long-term economic benefits, such as revitalizing smaller communities and reducing traffic congestion.
• Others argue that the money spent on Amtrak could be better spent on other forms of transportation, such as buses or highways, which may be more efficient or cost-effective.