Financially Troubled Amtrak Is Taking Taxpayers for a Ride

Last November, several news outlets reported that Amtrak, the nation’s heavily subsidized passenger rail service, was on track to break even for the first time in the company’s history. After nearly 50 continuous years of operating in the red, covering all its history, 2020 may become its first year in the black:
Amtrak said it is on track to break even for the first time in company history in fiscal 2020 as record ridership led to an improvement in its financial results.
The government-owned rail carrier said 32.5 million riders took trips on Amtrak trains during its fiscal year ending in Sept.

Read more at The Independent Institute