3 Weeks Ago
|
 | Trucker Forum STAFF | | Last Seen: 1 Day Ago 09.06 AM Member Since: May 2007 Location: Wisconsin
Trucker? Trucking Industry
Posts: 12,728
My Trucking Photos:
0
Thanks: 6,370
Thanked: 4,742 Times
| |
| Amtrak loss comes to $32 per passenger
Quote: WASHINGTON – U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator's estimate, according to a private study.
Amtrak operates a nationwide rail network, serving more than 500 destinations in 46 states. Forty-one of Amtrak's 44 routes lost money in 2008, said the study by Subsidyscope, an arm of the Pew Charitable Trusts.
Stephen Van Beek, president of the Eno Transportation Foundation, a think tank, said the analysis could help guide decisions on how to spend $8 billion set aside for high-speed and intercity rail in a $787 billion economic stimulus bill. Rail planners may decide that spending the funds on high-speed rail makes more sense than slower intercity rail, which the Amtrak numbers show need higher subsidies.
Subsidyscope says its review counted certain capital expenses that Amtrak doesn't consider when calculating the financial performance of its routes, namely wear and tear on equipment, or depreciation.
| http://news.yahoo.com/s/ap/20091027/...trak_subsidies  |
Similar Threads 
Linear Mode
