Public transit agencies that can’t find new funding or make cuts could face a fiscal cliff, according to the latest report on the sector from S&P Global Ratings. The credit rating agency gave the public transit sector a negative outlook as challenges pile up for operators while they spend down more than $70 billion in…
Amtrak Has Big Increase in Ridership but Still Not Back to Pre-Pandemic Levels
Amtrak saw a big increase in ridership in fiscal year 2022 but is still at 72 percent of its peak pre-pandemic levels, according to data the transit company released. The National Railroad Passenger Corporation—Amtrak’s official name—is still not close to full recovery in ticket sales and food and beverage revenue. Amtrak released fiscal year 2022…
Costs Surge as Transit Ridership Remains Below Prepandemic Levels
Transit agencies across the United States were still reeling from the COVID-19 pandemic in 2021. That’s according to a report released by the Federal Transit Administration that found ridership plummeted and transit agencies used federal COVID-19 funds to pay their bills. “Due to the COVID-19 public health emergency, ridership decreased 24.7 percent from 2020 and…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`