Gil Carmichael Reports.
… In my opinion, the two most logical companies to consider buying Amtrak are FedEx and UPS. FedEx, for example, bought the old Railroad Express Agency and operates their company under that charter. UPS talked to Amtrak several years ago about running express and packages on long distance schedule trains but did not pursue the project. There are other things happening in the transportation world that supports FedEx and UPS buying Amtrak. First, as mentioned, the commuter airline industry is disappearing rapidly as the airlines concentrate on jumbo jets and longer flights that skip many regional areas that FedEx and UPS already serve. You can’t fill the big planes with 20-30 small commuter planes and neither can UPS or FedEx fill their big planes with small ones. Take revenues from FedEx and UPS and add it to increasing intercity passenger rail revenues and you have a profitable venture!
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Filed under: Amtrak, Passenger Rail Transportatio Policy
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