From The Motley Food, Fox Business News; February 9, 2019
Americans are riding passenger trains more often than they used to. According to data compiled by the U.S. Department of Transportation, the total miles traveled by Americans via commuter and light rail services grew by 34% from 2000 to 2015. This stands to reason — trains can be a solid kick-up-your-heels-and-ride alternative to cars and airplanes for both short and long trips.
Attempting to capitalize on this opportunity is Virgin Trains USA, operator of a passenger rail service in Florida, which will soon launch an initial public offering Opens a New Window. (IPO). Here’s a look at this issue.