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Truth is, the one part of Amtrak wholly owned by itself, the NEC, is profitable,
Quote from: sirenwerks on January 07, 2010, 05:44:55 PMTruth is, the one part of Amtrak wholly owned by itself, the NEC, is profitable, I don't believe the NEC is a profit center if you factor in all costs ... I'm not sure if this has changed but I doubt it. Data from 1999:No Amtrak route is profitable when the cost of equipment and facilities are included. (GAO Report No. GAO/RCED-98-151, pp. 6-7.) One type of service on one route is marginally profitable: Metroliners (Boston to Washington, DC) make $5 profit per passenger. (GAO Report No. GAO/RCED-98-151, p. 30.) "Amtrak's revenues have never covered all the costs for providing intercity rail passenger service on any route." (GAO Report No. GAO/RCED-95-71, p. 64.)Northeast Corridor routes cover about 65% of their operating and equipment costs combined, and other routes cover about 50% of such costs. (GAO Report No. GAO/RCED-95-71, p. 8.) http://ncseonline.org/NLE/CRSreports/transportation/trans-4.cfm
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