The coronavirus crisis has crushed the finances of Amtrak, and the national railroad is now banking on a $1 billion bailout from Congress to stay afloat.
WASHINGTON—The coronavirus crisis has crushed the finances of Amtrak just as the company approached profitability, and the national railroad is now banking on a $1 billion bailout from Congress to stay afloat.
Business closures, stay-at-home orders and fear has led to plunging ridership, leading Amtrak to halt its Acela service linking Washington, D.C. and Boston on Sunday. The railroad now sits on the brink of financial calamity, just four months after Amtrak chief executive Richard Anderson said the railroad was on track...
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