Amtrak

Is Amtrak Guilty of Securities Fraud?

A press release issued by Amtrak last week would, if it were published by publicly traded firm, be a violation of securities laws and regulations

Amtrak Accounting Tricks Cover Up Losses

Amtrak recently announced that it will begin operating nonstop service between New York and Washington in 2 hours and 35 minutes in September.

Reforming Passenger Rail

The United States is more socialistic than other advanced economies in numerous ways. Federal and state governments attempt to run businesses that have been privatized in other countries, such as electric utilities, airports, air traffic control, postal services, and passenger rail.

Subsidizing Passenger Rail Makes Little Sense

A Wall Street Journal article on an upgrade to a Midwest rail line illustrates the shortcomings of pumping tax dollars into passenger rail.

Will Congress Let Amtrak Stem Losses?

The federal government does a lot of things poorly, including trying to run businesses such as an electric utility, a postal system, and a railroad.

Will Government Will Keep You Safe?

When I am discussing the advantages of privatizing airports, air traffic control, and passenger rail, reporters often ask, “Will it be safe?”

Questions to Ask About Amtrak 501

The wreck of the 501–the Amtrak train that crashed near Seattle on Monday–is raising lots of questions about Amtrak operations, but they aren’t always the right ones.

The Economics of Amtrak

Amtrak’s co-CEO Wick Moorman has announced that the passenger railroad is thinking of offering a new service to compete with the airlines: economy seating that is crammed together as tightly as airline seats.

Brookings Glosses Over Amtrak’s Failings

Intercity passenger trains are experiencing a “renaissance” with Amtrak ridership growing “faster than other major travel modes,” says a new report from the Brookings Institution. Indeed, the report continues, Amtrak’s short-distance trains (generally, routes of around 200 to 600 miles) have, on average, a “positive operating balance,” so more such short-distance routes should be added.

Get the Feds Out of Infrastructure

The federal government’s budget deficits are pushing the nation toward a fiscal meltdown, yet our leaders can’t seem to curb their zeal for infrastructure spending. President Obama has been pushing a $50 billion package for infrastructure and will likely include a similar plan in his upcoming budget. For their part, most Republicans eagerly pursue all the spending they can get for road, rail, airport, and dam projects in their districts.

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