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The Feds Just Gave Amtrak $2.4 Billion. This Is Why It Needs the Money

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James Woodson
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Joe is so hyped about the future of American rail, he broke out his hanky and wept.

The struggling passenger rail system will spend that money upgrading railroad tracks and rehabbing four stations, including Union Station in Washington, DC and New York s Penn Station.

Amtrak will also seriously update its high-speed Acela service.

They ll be able to travel at 186 mph today s Acela hits 150 mph, while Japan s standard bullet trains go 200 mph , even though current regulations prevent trains on this stretch of track from going above 160 mph.

But truth is, Amtrak needs the help—especially its overburdened Northeast Corridor, which extends from Boston to DC.

Low gas prices contributed to a drop-off in ridership last year, but in the mid-Atlantic, passenger numbers are still up by nearly 50 percent since 2000.

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