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The Value of Long Distance Passenger Trains
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<p>"Most people don't live in corridors or in end points in corridors and thus have little value in corridor trains."</p> <p>Although I don't have a specific reference at this point, in part because the Census Bureau' website is shutdown, my reading of Census Bureau data, as well as related articles that have appeared in the press and journals, indicates that most Americans live in or near mega cities. </p> <p>The NEC (Boston to Richmond) accounts for nearly 17 per cent of the nation's population. That's roughly 52.8 million people. Another example can be found in Texas. Nearly 70 per cent of the population is found in mega cities connected by corridors, i.e. DFW to San Antonio, Houston to Galveston, Brownsville to McAllen, etc.</p> <p>The market for the long distance trains is not deep enough to support them financially. And adding capacity is not likely to change the outcome. They are a financial disaster. Had it not been for the long distance trains, Amtrak would have had an operating profit in FY12. And had some money left over to make a substantial contribution to the capital charges. </p>
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