Wolfgang Kaehler/LightRocket via Getty Images The US has long lagged behind other countries when it comes to passenger rail. In 1971, Amtrak was formed from 20 other ailing passenger railroads. The railroad has expanded to cover 21,000 miles on 33 routes — but has never escaped financial trouble. 150 years ago this month, the United […]
The rise and fall of Amtrak, which has been losing money since 1971
Wolfgang Kaehler/LightRocket via Getty Images The US has long lagged behind other countries when it comes to passenger rail. In 1971, Amtrak was formed from 20 other ailing passenger railroads. The railroad has expanded to cover 21,000 miles on 33 routes — but has never escaped financial trouble. 150 years ago this month, the United […]