Here is something no one has posted yet. Last night, my wife and I crunched the numbers involving IPH and the Hoosier State... and it's quite shocking how little money IPH was getting through the deal.
According to the news reports that we have read, INDOT agreed to pay Iowa Pacific $500,000 a year to run the onboard services and cars for the Hoosier State. That might sound like a lot... but break it down a little and you might be surprised. That $500,000 a year comes out to just about $9,615.38 per week. There are 4 round-trips between Chicago and Indianapolis per week. So, you're down to making $2,403.82 per round-trip... or $1,201.92 per one-way. Basically, they were getting 200 bucks per car... per trip... when you factor in the 3 coaches, 2 locomotives, and 1 dome car. How can a company sustain itself on that? with providing enough staff to serve full dining car meals?
I know a private car trip between Chicago and Indy would cost you over $10,000 if you were to charter it on the back of Amtrak... they were only making less than one-fourth of that.
We are big supporters of Iowa Pacific and love the crews, Ed Ellis, and the service that they gave to passengers the past 20 months on the route. I don't see us riding under Amtrak unless they offer the same amenities.