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White House announces $16.4 billion in new funding for 25 passenger rail projects on Amtrak’s Northeast Corridor (www.whitehouse.gov)

submitted 1 year ago by [email protected] to c/boston

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cross-posted from: https://sh.itjust.works/post/8638019

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[–] nezbyte 10 points 1 year ago* (last edited 1 year ago)

Not disagreeing, but I want to add more context. High prices do not necessarily mean Amtrak is being greedy. As a quasi-public entity they are forced to keep open unprofitable routes and pass that cost on to the consumer. Over a third of their revenue comes from the Northeast Corridor alone, despite those railways being private and charging Amtrak rent to use them. They are stuck in a lose-lose situation unless something changes via government intervention.

Personally, one of my dream vacations is to take an Amtrak sleeper car across the nation. I just don’t see how that is remotely justifiable given the current prices.