Despite considerable hype and a Presidential cheerleader, passenger train routes have been derailed by runaway costs and disappointing ridership. Save for a few high-density routes such as Amtrak’s Northeast Corridor, these taxpayer-funded services tend to lose significantly more money than they rake in and benefit predominately high-income individuals. Before the pandemic kicked into full gear, only 11 out of 45 Amtrak’s routes were showing a profit.
Read Full Article »