AMTRAK TO CUT FARES 22% ON BOSTON-NYC EXPRESS

From: The Boston Globe | Date: April 22, 2003| Author: Keith Reed, Globe Staff | Copyright information

Amtrak, eager to build ridership on its premier route, will slash fares 22 percent on its Acela Express service between Boston and New York starting Monday. The cuts, which will be formally announced today, will bring the price of a one-way, peak-time ticket to $99.

The rail carrier has gained market share amid declining business travel because of terrorism fears and cutbacks in air shuttle service, analysts said. Now it is positioning itself to consolidate those gains by offering a 3 ...

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