GOVERNMENT OWNED Amtrak Seeks Billion Dollar Bailout, Prepares To Slash 20% Of Workforce As Ridership Crashes


(From Zerohedge)

Amtrak warned Monday it needs a $1.475 billion bailout from the federal government to maintain “minimum service levels,” anticipating passenger volumes will be depressed through 2021, reported The Washington Post.

Amtrak chief executive William J. Flynn wrote a letter to Congress explaining how the economic fallout has devastated the passenger railroad service that provides medium and long-distance intercity travel across the country.

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