Word: amtrak
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...9/11 and the recession changed everything. At first, it was not so much the fear of a terrorist attack as the worry of being stranded far from home that crimped air travel. Long waits at security checkpoints took their toll. Companies sought alternatives--driving and taking Amtrak; doing business by phone and e-mail or via better-quality and lower-cost videoconferencing technologies--and found they weren't so bad, especially since they helped cut costs. When they did fly, business travelers and their bookers joined leisure travelers in seeking the best deals on the Internet, even if that required...
...objective profit and loss have suffered too. Airlines explore the temptations of Chapter 11. Amtrak staggers ahead, feckless and insolvent, through train wrecks and slowdowns. It is time to make very large changes--to rearrange the mix of the three basic modes of mass transportation: air, rail and highway...
...objective profit and loss have suffered too. Airlines explore the temptations of Chapter 11. Amtrak staggers ahead, feckless and insolvent, through train wrecks and slowdowns. It is time to make very large changes - to rearrange the mix of the three basic modes of mass transportation: air, rail and highway...
...Critics of expanding the American rail system make three key arguments: 1) Amtrak is hopeless; 2) building a viable rail system - upgrading old roadbeds and laying new track, clearing new right of way, buying new equipment - could cost as much as $100 billion; and 3) it would be irresponsible for government to pour so much money into a service that the market has shown it will not support. People don't ride the trains as it is, the critics say; that's why the railroads are dying...
...true that Amtrak has been badly run, but let new regional rail systems be set up on their own and forget Amtrak. Comparisons have been loaded to denigrate trains in favor of cars and air travel. It is true the rehabilitation of the nation's railroads would cost billions. But the arithmetic on costs and energy efficiency argues, in the long term, in favor of boldly creative, high-speed regional rail systems that would take the environmental and traffic pressures off highways and airports...