Coronavirus: Amtrak ridership craters 92%, upsetting plan for profit - Business Insider

Amtrak was running just 14 trains a day in the Northeast Corridor, a steep decline from its usual busy schedule in the densely populated region.The already federally subsidized railroad is now asking Congress for $1 billion to shore up its balance sheet in the face of lost revenue.

Overall ridership fell 92% last week, while a 99% dropoff in Acela bookings forced the railroad to outright cancel the higher speed Northeast Corridor service this week. CEO Richard Anderson broke the news to staff in a conference call Friday,Amtrak did not immediately respond to a request for comment from Business Insider.

Last week, an industry group called on Congress to include Amtrak in any economic stimulus measures it passed to ward off the downturn catalyzed by the coronavirus. Like airlines, softening demand has forced Amtrak to drastically cut service on some of its most lucrative routes.a Senate bill, which initially failed a procedural vote

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether. Ya think lortyvon L’augmentation des taxes est là
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Study finds UK plan could cause 70,000 excess deaths - Business InsiderThe UK's slow response to the coronavirus could cause up to 70,000 excess deaths according to a new study Project Fear. igeldard Which deaths will be classed as excess? How will we know who was destined to catch it anyway? How precise is this figure? It’s all bollocks. The Government are doing their best.
Source: BusinessInsider - 🏆 729. / 51 Read more »

6 Ways To Protect Your Business During The Coronavirus OutbreakAs a business owner, these are unprecedented times - Here are six ways to ease the burden for everyone involved
Source: Forbes - 🏆 394. / 53 Read more »