Lies, Damn Lies, and Amtrak Accounting.
| | | |

Lies, Damn Lies, and Amtrak Accounting.

For years, there has been a simmering controversy surrounding Amtrak’s Northeast Corridor, which refers to the Boston-New York-Washington portion of the Amtrak system over which the sorta-high-speed Acelas operate.   Amtrak says the Northeast Corridor is profitable. The media reports that it’s profitable. Politicians believe it’s profitable. The public doesn’t care if it’s profitable as…

Houston, We’ve Got a Problem.
| | |

Houston, We’ve Got a Problem.

The Northeast Corridor is by far Amtrak’s busiest route, with dozens of trains a day running between Washington and New York City with many continuing up to Boston. Politicians and the media keep saying Amtrak makes a profit on the NEC but, according to a lot of smart people, that’s B.S. They say Amtrak’s accounting…

| |

Amtrak: Problems, But Few Solutions.

I was thinking about Amtrak earlier today and about all the problems they’re facing … problems with solutions not immediately apparent. Consider the following: Amtrak is under a mandate from a meddling Congress to break even on their food service within five years. But degrading the food service will reduce ridership and, in turn, mean…