Month: January 2012

  • Why Amtrak loses money and why eliminating trains doesn’t save money

    By Noel T. Braymer (W. Graham Claytor, Amtrak President 1982-1993) was credited with helping to revive the ailing passenger railroad by many experts, and even some critics of its operations. By the time he retired, fares and other revenues covered 80 percent of Amtrak’s expenses, up from 42 percent in 1980. Mr. Claytor predicted that…