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Amtrak loses money in most of the country, but the Northeast Corridor is profitable. http://www.slate.com/blogs/moneybox/2013/03/01/amtrak_profits_in_the_north
by cfmcdonald 13y ago
Amtrak loses money in most of the country, but the Northeast Corridor is profitable.
http://www.slate.com/blogs/moneybox/2013/03/01/amtrak_profits_in_the_northeast_where_people_use_it_they_make_money.html http://www.slate.com/blogs/moneybox/2013/03/01/amtrak_profit...
- protomyth 13y agoThe Brookings Institute reports relies on accounting information that is suspect[1] and it looks like the route is a money loser when capital costs are taken into account[2]. The Inspector General's report is one of those nasty reports that show some manipulation. 1) http://www.oig.dot.gov/sites/dot/files/Amtrak's%20New%20Cost%20Accounting%20System%20Report%5E3-27-13.pdf http://www.oig.dot.gov/sites/dot/files/Amtrak's%20New%20Cost... 2) http://cs.trains.com/trn/b/fred-frailey/archive/2011/05/13/is-the-northeast-corridor-really-profitable.aspx http://cs.trains.com/trn/b/fred-frailey/archive/2011/05/13/i...