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Rail Bait: Amtrak Gets $450M to Run Nation's Fastest Trains Between Philly, NY

Trains running at 160 miles per hour, and eventually those running up to 220 mph, are expected to increase capacity and improve trip times in the Northeast Corridor between Philadelphia and New York thanks to $450 million awarded to Amtrak from the U.S. Department of Transportation, reports Bloomberg.

Trains between New York and Philadelphia will run as fast as 160 mph, Al Engel, Amtrak's vice president for high-speed rail, said in an interview. Speeds on that segment will increase in three to five years, LaHood said on MSNBC today.

The U.S. expects Amtrak's ridership to rise this year, LaHood said on Bloomberg Television today.

High-speed rail projects will create thousands of U.S. jobs, LaHood said.

Original source: Bloomberg
Read the full story here.

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