Amtrak must still seek federal funding for a long list of planned and ongoing improvements, including replacing sections of pre-World War II electrical systems on the Northeast Corridor that cause regular disruptions. The fact that Amtrak has reduced its debt by 60 percent over the last 10 years and its federal operating subsidy to 12 percent could make it an easier sell.
"Ten years ago we were in a tougher spot," Amtrak CEO Joe Boardman said last week. "Now Amtrak on the Northeast Corridor is in a much healthier position. We're trying to maximize that, to the extent we can, to pay for what we should pay for on the Northeast Corridor."