Tuesday, March 3, 2009

Amtrak Contemplates More Fare Cuts

Amtrak. which last month lowered fares for its Acela Express may soon reduce tariffs on other trains, Bloomberg reports. Acela ridership was done 14 percent in January. The Northeast Corridor, both Acela and conventional, saw business fall eight percent in February.

The bright spot in Amtrak's business is long-distance travel, up 6.1 percent so far in the current fiscal year and 3.5 percent. However, Amtrak CEO Joseph Bpardman says it is premature to forecast whether the trend will hold up for the rest of the year.

The long-distance are heartening because, as Trains for America notes: "It is important for Congress and journalists to know that there is an Amtrak out beyond the Northeast Corridor...Amtrak long distance service is proving its worth in tough economic times."

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