Boeing’s Woes Are Helping High-Speed Rail Get On Track
The global aviation industry has lost $4.1 billion since the Boeing 737 MAX was grounded after two crashes that left over 300 dead. But rail services in the U.S. have spotted the silver lining, OZY reports, with train companies racing to grab some of that market. Flight anxiety is a boon for emerging high-speed rail firms, particularly in the densely populated Northeast corridor and in California.
Is rail here to stay? Amtrak says demand has never been higher, in part thanks to passengers’ concerns over their carbon footprints, while investors are happy to jump on board.