Despite Ridership Increase, Amtrak Crisis Continues

Even as the rail travel ridership increases after the Sept. 11 attacks, Amtrak's troubles continue.

1 minute read

December 21, 2001, 9:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Despite a nationwide surge in train travel since Sept. 11, Amtrak is facing the biggest financial crisis of its troubled 30-year history. Now under threat of liquidation, the federally subsidized railroad company --- drowning in a $3 billion debt --- has begun hinting to creditors that it may soon declare bankruptcy, Amtrak insiders say."

Thanks to Abhijeet Chavan

FULL STORY: Ridership rises, but Amtrak on a fast track to liquidation

Thursday, December 20, 2001 in The Atlanta Journal-Constitution

Transportation United States

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