By Nick Zaiac, Washington Examiner; April 11, 2019
The story of rate regulation, decline, nationalization and privatization of passenger rail routes in this country has been told by a generation of transportation researchers. Today, Amtrak, the nation’s government-subsidized passenger railroad operator, loses money pretty much everywhere outside the northeast corridor.
Now, companies want to know if privately run passenger railways would perform better. The progress of two such projects in Florida and Texas gives evidence that they would.