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Surging Amtrak Seeks Green Light From Congress

For a company coming off its best year ever, Amtrak faces a strange challenge in 2020: convincing its owner, the federal government, that the railroad is running in the right direction.

The national passenger railroad reported an adjusted operating loss of $29.8 million in the fiscal year ended Sept. 30, the best financial performance in Amtrak’s nearly 50-year history. While the railroad still faces a backlog of capital investment worth billions of dollars, the earnings show it moving closer to the goal of Chief Executive…