February 11, 2004

Sustainable Free Market Rail?

And they said it couldn't be done. Apparently Thames traines are running in private hands and subsidy free. This occurred in six years. On May 1, 1971 Amtrak started service with the same goal in mind, private rail providing unsubsidized service. It's been 32 years and they still haven't made it.

When the inevitable happens and Amtrak, once again, asks for an additional bailout, Congress would be more than wise to give the Thames people a consulting contract to work out the kinks in the Amtrak business plan, and perhaps steal away a few good managers as well.

HT: Live From the Third Rail, Transit Blog

Posted by TMLutas at February 11, 2004 05:18 PM