Take the bad with the good. The hard economic times have hit just about everything. This Bloomberg report also notes the increase in non-corridor travel. It suggests a reasonable argument for a balanced national system. Students, families, and senior citizens (that is just about all of us, isn’t it?) still need reasonably priced reliable trains.
By Chris Dolmetsch
Nov. 12 (Bloomberg) — Ridership on Amtrak’s trains between Boston and Washington, including its high-speed Acela line, fell 5 percent in October from a year ago as business travel declined.
The drop came as the U.S. economy slumped and gasoline prices approached a two-year low. Regular gasoline at the pump fell 1.8 cents to a nationwide average of $2.202 a gallon, its lowest since February 2007, said AAA, the nation’s biggest motoring group, on its Web site today.
President-elect Barack Obama may inherit the worst U.S. recession in three decades, according to economists surveyed by Bloomberg News, as more than $918 billion in credit losses hinder global growth.