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NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'm Joi-Marie McKenzie, the editor in chief of Life at Business Insider and your new Saturday anchor. Emily HartDispatchThere's still time to plan next weekend's travelRaise your hand if you're taking advantage of the upcoming Presidents’ Day weekend. If you’re like me and forgot to plan an amazing three-day vacation, don’t worry.
Persons: , I'm Joi, Marie McKenzie, Let's, Emily Hart, There's, There’s, it’s, Richard Chance, Anthony Farrer, Farrer, Reed Hoffmann, Ed Zurga, RJ Sangosti, Rebecca Zisser, Taylor Swift, Swift, Andrea Chronopoulos, DINK, Tyler Le, John Goodman, Goodman, Dan Conner, Roseanne, , Walter Sobchak, he’d, Coen, Gilles Mingasson, Peacock, Adrienn Szabo, Abbott, Quinta Brunson's, dino, Joi, Dan DeFrancesco, Jordan Parker Erb Organizations: Business, Service, , Amtrak, MediaNews, Kansas City Chiefs, Super, Polygram, Entertainment, Universal Pictures, Circle Films, Paramount, Hulu Locations: Florida, Alaska, St, Lucia, Amtrak’s, American, New York
Why doesn’t the US have more passenger trains?
  + stars: | 2023-11-25 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +12 min
Today, the United States’ passenger rail system is an echo of its former self, with swathes of the network unused or surrendered to freight. In 1970, President Richard Nixon signed the Rail Passenger Service Act, which removed the requirement that private rail companies provide passenger service. Mike Segar/ReutersBut many American towns and cities have lost access to passenger trains. Can passenger trains make a comeback? A passenger rides an Amtrak train passing near the Pacific Ocean on November 9, 2021 near Oceanside, California.
Persons: you’ll, Biden, , Miguel Medina, JP Morgan, Jay Gould, Cornelius Vanderbilt, Christian Wolmar, , Yonah Freemark, Bing Guan, Freemark, Dwight D, Eisenhower, Harvey Weber, Paul Hammond, Hammond, Richard Nixon, Daniel Patrick Moynihan, Mike Segar, Ulysses S, Grant, Al Drago, Joe Biden, ” Freemark, Robert Puentes, It’s, ” Puentes, Mario Tama, Brightline, Carline Jean, Tony Coscia Organizations: Los Angeles CNN, Washington , D.C, Brightline, Miami, US Department of Transportation, du, Getty, Amtrak, US, Transcontinental Railroad, Central Pacific Railroad, Union Pacific Railroad, Railroad, CNN, Bloomberg, United States Senate, Newsday, Colorado Railroad Museum, Rail, Service, Hall, Pennsylvania, Bureau of Transportation Statistics, Washington DC, Eno Center for Transportation, Private, Las, Passengers, West Palm Beach, Fort, South Florida Sun Sentinel, Tribune Locations: Europe, Asia, America, United States, Boston, Washington ,, Orlando, California, Los Angeles, San Francisco, Swedish, Paris, AFP, France, Japan, China, Promontory Point , Utah, Compton , California, American, Levittown , New York, Manhattan, New York City , New York, U.S, Indiana, Ohio, Baltimore, Baltimore , Maryland, Potomac, Delaware, Oceanside , California, South Florida, Las Vegas, West Palm, Fort Lauderdale, Florida, South
Biden touts billions for northeast US rail corridor
  + stars: | 2023-11-06 | by ( Jarrett Renshaw | ) www.reuters.com   time to read: +2 min
REUTERS/Erin Scott/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. President Joe Biden on Monday will announce the latest tranche of federal dollars to modernize key portions of the nation's busiest rail corridor that stretches from Boston to Washington DC. Biden is highlighting $16.4 billion in funding from the 2021 bipartisan infrastructure law for 25 passenger rail projects on Amtrak’s Northeast Corridor, which supports some 800,000 trips per day in a region that represents 20% of the nation's gross domestic product. "The bottom line is that for the over 200 million passengers who ride this rail corridor every year, these improvements are going to shorten travel times and improve reliability," U.S. Transportation Secretary Pete Buttigieg said in a statement. Monday's event marks at least the third time Biden has held an event to highlight funding the Northeast Corridor line, underscoring the president's personal connection with the corridor. He believes strongly in improving America's passenger rail and he knows the Northeast Corridor like no one else," White House infrastructure czar Mitch Landrieu said.
Persons: Joe Biden, Finnegan, Maisy, Erin Scott, Biden, Pete Buttigieg, Frederick Douglass, Mitch Landrieu, Jarrett Renshaw, Lincoln Organizations: REUTERS, Washington DC, U.S . Transportation, Amtrak, Thomson Locations: Philadelphia , Pennsylvania, U.S, Boston, Washington, New York, Hudson, New Jersey, Maryland, Wilmington, Amtrak's Wilmington
President Biden, perhaps Amtrak’s most famous advocate, announced $16.4 billion in funding for rail projects on Monday, exhibiting a business-as-usual approach as polls show him trailing former President Donald J. Trump one year before Election Day. Speaking at a maintenance warehouse where Amtrak trains are serviced in Bear, Del., Mr. Biden made no mention of the polling from The New York Times and Siena College polls. Instead, he offered familiar anecdotes about his days as a senator, when a conductor named Angelo would call him “Joey, baby!” and squeeze his cheeks as he made the 90-minute ride between Washington and his home in Wilmington, Del. Mr. Biden also promoted the $1 trillion infrastructure law he signed into law two years ago, which included $66 billion for investments in rail systems.
Persons: Biden, Donald J, Trump, Angelo, “ Joey Organizations: Amtrak, The New York Times, Siena College Locations: Bear, Washington, Wilmington, Del
LOS ANGELES (AP) — Former baseball MVP Steve Garvey joined the race Tuesday to succeed the late California Sen. Dianne Feinstein, giving Republicans a splash of star quality on the ballot in a heavily Democratic state where the GOP hasn’t won a Senate race in 35 years. He did not answer directly when asked if he considered himself part of the Trump wing of the GOP. In California's last two Senate races, GOP candidates performed so poorly that only Democrats appeared on the November ballot. The last Republican to win a Senate race in the state was in 1988. Garvey confirmed in June that he was considering entering the Senate race, and his candidacy was widely expected.
Persons: Steve Garvey, California Sen, Dianne Feinstein, GOP hasn’t, Garvey, Donald Trump, , ” Garvey, “ It’s, Trump, , Katie Porter, Adam Schiff, Barbara Lee, Sen, Laphonza Butler, Gavin Newsom, Joe Biden’s, Wade, Republicans —, haven't, Eric Early, “ We're, wasn't, I’ve Organizations: ANGELES, Republicans, GOP, Los Angeles Dodgers, San Diego Padres, Democrats, Trump, National League MVP, Democratic U.S, Reps, Republican, Democratic, Senate, Dodger Locations: California, Mexico, U.S
All in all, Amtrak’s current plans call for a massive boost in annual capital investment, rising from $785 million in 2019 to more than $6.5 billion in 2025. The majority of that funding will go to infrastructure such as the tracks, switches, ballast and overhead wire that keep trains moving at high speeds, as well as plans to replace swaths of the railroad’s train fleet.
ORLANDO, Fla. (AP) — A privately owned high-speed passenger train service launched Friday between Florida's two biggest tourist hubs. The Brightline train is a $5 billion bet by owner Fortress Investment Group that eventually 8 million people annually will take the 3.5-hour, 235-mile (378-kilometer) trip between Miami and Orlando — about 30 minutes less than the average drive. Brightline, which began running its neon-yellow trains the 70 miles (112 kilometers) between Miami and West Palm Beach in 2018, is the first private intercity passenger service to begin U.S. operations in a century. The death is the privately owned railroad’s 12th in 2023 and its 98th since July 2017. The only other U.S. high-speed line is Amtrak’s Acela service between Boston and Washington, D.C., which began in 2000.
Persons: , Orlando —, Ted White, That’s, didn't, Brightline Organizations: Fortress Investment Group, Orlando, West Palm Beach, Miami -, Delray Beach Police Department, Press, D.C, Amtrak Locations: ORLANDO, Fla, Miami, West Palm, Miami - Orlando, South Florida, Delray Beach, Southern California, Las Vegas, Boston, Washington
Passengers weave through JFK International airport on Friday, which is expected to be the busiest day for air travel since the start of the pandemic. Unfortunately, it’s not going to get better anytime soon. This summer, airfare is expected to remain higher than pre-pandemic levels, though a bit lower than their 2022 levels, according to travel research site Hopper. Demand for air travel roared back faster than airports and airlines could rehire staff. When demand for travel roared back faster than expected, the airlines couldn’t hire fast enough.
Persons: David Dee Delgado, it’s, Scott Olson, ” Biden, airfare, Hopper, Mario Tama Organizations: New, New York CNN, Transportation Security, JFK International, Biden, Amtrak, Jet, McKinsey Locations: New York, United States, Europe, Asia
WASHINGTON, June 6 (Reuters) - Amtrak CEO Stephen Gardner said on Tuesday the U.S. passenger railroad expects traffic to get back to pre-pandemic levels even as it projects about $800 million in losses for the current budget year. Passenger capacity measured by available seats during April remained 15% lower than 2019 systemwide because trains were running less frequently and there were equipment shortages, he added. Previously, Amtrak reported an adjusted operating loss of $884.9 million for 2022 and said it aims to break even in the coming years. Congress approved $66 billion for rail as part of the 2021 infrastructure bill, with Amtrak receiving $22 billion. Amtrak wants to double ridership nationwide by 2040 after its ridership grew 45% from 2003 to 2019 to 32.3 million riders.
Persons: Stephen Gardner, Gardner, David Shepardson, David Gregorio Our Organizations: Amtrak, U.S, U.S . House, Thomson Locations: Washington, Boston, Arlington , Virginia, Baltimore, Florida , Ohio, Arizona, Gulf Coast, Nashville, Columbus, Phoenix, Las Vegas
Amtrak CEO: Pandemic delayed profitability by years
  + stars: | 2023-06-06 | by ( Greg Wallace | ) edition.cnn.com   time to read: +2 min
Instead, CEO Stephen Gardner asked a congressional subcommittee on Tuesday to tolerate losses for several more years for the federally funded rail system while the company and country invest billions into improving passenger rail service. “Financial performance is not Amtrak’s sole objective,” CEO Stephen Gardner said in his written testimony to a House Transportation subcommittee. Amtrak CEO Stephen Gardner, left, accompanied by Northeast Corridor Commission Executive Director Mitch Warren, right, speaks during a House Transportation subcommittee hearing on Capitol Hill in Washington, Tuesday, June 6, 2023. Amtrak is also developing new lines of service to connect fast-growing regions and growing frequencies on existing routes. Subcommittee Chairman Troy Nehls, a Texas Republican, said Amtrak needed to prioritize its existing network over adding new routes.
Persons: Stephen Gardner, Gardner, Mitch Warren, Andrew Harnik, We’re, ” Gardner, Troy Nehls, ” Nehls Organizations: CNN, Amtrak, , Transportation, Penn Central, Corridor Commission, Capitol, Long Distance, Texas Republican Locations: Washington, Texas
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The US still waits for its high-speed rail revolution
  + stars: | 2023-04-18 | by ( Ben Jones | ) edition.cnn.com   time to read: +15 min
So why doesn’t the United States have a high-speed rail network like those? Many Americans have no concept of high-speed rail and fail to see its value. William C. Vantuono, editor-in-chief of Railway Age“Many Americans have no concept of high-speed rail and fail to see its value. Corridors for the greatest potentialBrightline West and CHSR offer templates for the future expansion of high-speed rail in North America. “Where those conditions apply in Europe and Asia, high-speed rail reduces air’s share of the market from 100% to near zero.
Why Amtrak Service Is Slow in Most of the U.S. Amtrak says increasing service in cities like Phoenix and Atlanta will lead to more riders and more revenue. But one thing stands in the way: freight rail. WSJ’s Ted Mann explains why it's Amtrak’s biggest obstacle to expansion and improvement. Illustration: Ryan Trefes
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