Does high-speed rail make money?

Does high-speed rail make money? He said there are only a few examples of high-speed rail networks that turn a profit, due to a rare combination of passenger numbers and distance. For example, most of the companies that run Japan's Shinkansen or bullet train lines operate at a profit, as do some fast trains on France's state-owned SNCF network.

How profitable is high-speed rail?

With the right commercial strategy, high-speed rail (HSR) routes can be profitable, with some lines achieving modal shares of up to 65%.

Will people in the US use high-speed rail?

In a survey conducted by TechnoMetrica for APTA, two-thirds (63 percent) of Americans are likely to use high-speed trains if high-speed rail were available today. This jumps to nearly seventy (67) percent when respondents were informed of the costs and time saving benefits of high-speed rail service.

How much does it cost to build 1 mile of high-speed rail?

Per mile, the New York project cost $2.6 billion, which is high even by U.S. standards. For example, the Purple Line in Los Angeles cost $800 million per mile.

What percent of Americans support high-speed rail?

The results of a national survey that show that nearly two-thirds of Americans are interested in traveling by high-speed rail and the figure soars to 74 percent among those in the 18-24 age brackets.

What is the most profitable railroad?

BNSF Railway leads the market The railroad focuses on transporting freight commodities such as coal, industrial or agricultural products. In 2022, the company generated some 24.49 billion U.S. dollars in freight revenue and hauled more than 10 million carloads across the country.

Is rail more efficient than trucking?

Railroads are roughly four times more fuel efficient than trucks. Shipping freight via rail limits greenhouse gas emissions and increases fuel efficiency, reducing the transportation carbon footprint. In fact, moving freight by rail instead of truck lowers greenhouse gas emissions by 75%.

Will high-speed rail cause gentrification?

Empirical results suggest that the newly launched HSR services have induced industrial gentrification in the developed station area. Except for the displacement of agricultural production activities, HSR-induced industrial gentrification has not yet been manifested in the newly developed station area.

Does high-speed rail reduce poverty?

This paper highlights that HSR can help achieve accessibility of rural area and poverty alleviation simultaneously. An understanding of the effect is critical for policymakers to promote intra-regional development, balancing efficiency and regional equality.

Is high-speed rail a good investment?

This investment has spurred economic benefits around California and across the country. Investment in high-speed rail is supporting jobs, labor income and economic output across a number of California's regions, including some of those hardest hit by the Great Recession.

Why high-speed rail won t help the environment?

Building high-speed rail systems require steel and concrete, the manufacturing of which typically generates greenhouse gases. Trucks, bulldozers, and other construction site equipment also consume energy. Thus, during their long construction phases, high-speed rail projects add greenhouse gases.

What is a drawback to high speed trains?

High-speed rail is generally regarded as the pinnacle of attractive and green transportation. But all too often, it makes train travel more expensive and less flexible. In the end, costly high-speed lines may just push more people into cars.

Are high-speed trains bad for the economy?

Studies have found that high-?speed trains can generate new economic development near the stations where the trains stop. However, the same studies show that economic development slows in communities not served by such trains.

Will high-speed rail hurt the economy?

Implementing high-speed rail will keep billions of dollars in the U.S. economy by decreasing the amount of oil that the U.S. consumes. According to the International Association of Railways (UIC), high-speed rail is eight times more energy efficient than airplanes and four times more efficient than automobile use.

Why doesn t California have high-speed rail?

California's plan is to build an electric train that will connect Los Angeles with the Central Valley and then San Francisco in two hours and 40 minutes. But 15 years later, there is not a single mile of track laid, and executives involved say there isn't enough money to finish the project.

Is China losing money in high-speed rail?

According to the latest data, as of the first half of 2022, the total liabilities of China National Railway Group totaled 6 trillion yuan, and in the first half of 2022 alone, it has lost 80.4 billion yuan, with an average loss of 400 million yuan per day.

Why won t America invest in high-speed rail?

Highways (as well as aviation) became the focus of infrastructure spending, at the expense of rail. This trend has continued, and not the least because highways require continuous maintenance, while the US's growing population demands more lanes and roads to relieve congestion.

Will California high-speed rail be profitable?

This chart displays the Breakeven Analysis on Phase 1 of the high-speed rail system assuming the horizon year of 2040, showing a 99.4 percent probability that Phase 1 would be profitable between $0 to $5.7 billion and a 0.6 percent chance of deficit between $220 million and 0.

Who benefits from high-speed rail?

Social Benefits In addition to sprawl, a large country like the United States often has vast distances between populated areas. High-speed rail reduces the travelling distance between far flung suburbs and center cities. High-speed rail can also help to ease congestion of urban areas with mega-large populations.