Long distance cuts hurting Amtrak’s cash flow

[AmtrakFlyer]

Amtrak warns of more cuts without additional funding | Trains Magazine

Management plans to continue 'significant' capital projects

trn.trains.com

Gardner and Coscia’s response double down on NEC. The NEC is vitally important but may very well be “dormant” another year or more. The LD network still has life in it and revenue to be earned. These guys clearly are in over their heads with their continued denial over the network trains viability.

 

[NW cannonball]

Me, I dunno. Read the Trains article. I still dunno.
Bigger budget always good. Cutting service to (hopefully) get a bigger budget -- not a real good tactic -- for any real-world department manager. Duh?
Me not understand.

 

[neroden]

Against stupidity, the gods themselves contend in vain. Well, I'll keep contending anyway...

 

[IndyLions]

It just boggles my mind that the board leadership has gotten so bad. I just don’t understand how anyone serving on the board wouldn’t want to help provide good, reliable transportation to Americans in a form they can be proud of.

During a pandemic - they should be seeking reasonable cutbacks that save actual money that don’t threaten the future of the company. Who appointed these bozos anyway? They can’t all be from the Heritage Foundation.

 

[dlagrua]

The NEC revenue may be down longer than the board believes. With the pandemic the "new normal" seems to be less people commuting and more people working from home. Big business will see how much money they can save by closing their offices and having their employees work from home. The NEC may never come back to what it was. The future is in the long distance routes but why is this board so blind?

 

[AmtrakFlyer]

Two related articles. RPA highlighted Coscias article yesterday. Coscia says some of the right things but there’s a lot of double talk in his words. Is he sincere? I don’t know.

Defining Amtrak’s True Mission - Railway Age

It has been an honor to serve on the Amtrak Board for the past decade. I am extremely proud of the hardworking employees at Amtrak who keep America moving. Our current circumstances remind us of just how fortunate we are to have their commitment and dedication. It is because of their efforts...

www.railwayage.com

With reports the past few days airports have been unexpectedly busy, Amtrak of course wasn’t able to take advantage due to service cutbacks.

Amtrak not expecting Thanksgiving travel crowds