Will High-Speed Rail Make Money in America?
<p>Answering this question is tough because Amtrak, a federally owned corporation, operates most of America’s intercity passenger trains. Similarly, Via Rail, a Crown Corporation (government-owned company), operates most of Canada’s intercity passenger trains. Meanwhile, regional agencies operate the commuter trains millions of Canadians and Americans ride each day.</p>
<p>Governments operate most of North America’s passenger trains because private railroads found passenger service unprofitable. For example, President Richard M. Nixon (R-California) and Congress<a href="https://medium.com/lessons-from-history/why-the-usa-does-not-have-high-speed-rail-085f4064fc3a" rel="noopener"> organized Amtrak</a> to preserve passenger rail service in the US.</p>
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