Amtrak trains are only 27% on-time, costing the railroad $42 million - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Only 27% of Amtrak trains are on-time — and it could be costing the railroad $42 million every year

Crowds stand at Amtrak platform as train service is suspended at Penn Station in New York City, U.S., June 19, 2019.'s inspector general estimates that the railroad could save more than $40 million annually by increasing on-time performance.

Many of those rampant delays, however, are caused by the freight railroads responsible for most of Amtrak's service. Still, Amtrak expects to be profitable by 2021, its CEO has said. There's plenty of work to be done. Chronic Amtrak delays are hampering the railroad's efforts to break even by 2021, and are costing an estimated $41.9 million per year over the long term., the immediate impacts could see $8.2 million in reduced costs and $3.9 million in increased revenues.

A bulk of those delays — with which many Amtrak passengers are all too familiar — happen because the trains rely on "host railroads" to operate when Amtrak doesn't own the trackage outright. Only 3% of Amtrak's 21,400 route-miles are owned by Amtrak itself. "Although federal law requires host railroads to give passenger trains preference over freight trains," the inspector general wrote, "company executives have stated publicly that host railroads routinely disregard these laws, resulting in delays."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hipstercrite This might be where the budget for the dining cars went.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines