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Amtrak at (nearly) 50: The railroad faces its next chapter

(Source: Progressive Railroading December 2019) By Julie Sneider, senior associate editor As Amtrak heads toward the 50th anniversary next year of its creation, the nation’s only intercity passenger railroad does so in the best financial condition in its history. The railroad ended its fiscal-year 2019 on Sept. 30 setting new records for ridership and operating revenue, and an operating loss…

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Trump budget slashes funding for Amtrak long-distance service

(Source: Progressive Railroading 03/12/2019) President Donald Trump’s fiscal-year 2020 budget request submitted yesterday calls for “restructuring” Amtrak and slashing the railroad’s budget to emphasize shorter distance routes. Administration officials cited low ridership and large operating losses on longer distance routes for the need to restructure the national intercity passenger rail system. “The administration believes that restructuring the Amtrak system…

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