Dive Brief:
The Federal Railroad Administration released a preliminary review of the Baltimore-Washington Superconducting Maglev Project, which would transport passengers by train between the cities in eight to 15 minutes.
The 40-mile-long leg of the proposed SCMAGLEV would be the first part of a maglev rail connecting Washington, D.C., and New York City.
Pending federal approval of the project which could occur this year the system could be complete within a decade, at a cost between $13.8 billion and $16.8 billion, according to The Washington Post.
Dive Insight:
The magnetic levitation form of transit allows for traveling at much higher speeds than traditional rail. According to the report, the SCMAGLEV would reach over 300 mph.
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Southwest Airlines saw annual loss of $3.1 billion as pandemic gripped globe
It was the first annual net loss for the company since 1972, CEO Gary Kelly said in a statement.
Credit: AP
FILE - In this Monday, Nov. 23, 2020, file photo, people are seen wearing face masks to protect against COVID-19 while riding on a Southwest Airlines flight from Norfolk, Va., making its landing approach into Baltimore-Washington International Thurgood Marshall Airport, in Glen Burnie, Md. On Thursday, Dec. 3, 2020, the airline warned nearly 7,000 employees that they could lose their jobs unless labor unions accept concessions to help Southwest cope with a sharp drop in travel during the pandemic. (AP Photo/Julio Cortez, File)
Fort Worth-based American Airlines reports a record loss of $8.9 billion in 2020
CEO Doug Parker called 2020 the most challenging year in the history of American Airlines. He remains optimistic about 2021, saying it will be a year of recovery.
Credit: AP
An American Airlines flight from Dallas-Fort Worth International Airport makes its landing approach onto Baltimore-Washington International Thurgood Marshall Airport, Monday, Nov. 23, 2020, in Glen Burnie, Md. (AP Photo/Julio Cortez) Author: Jozelyn Escobedo (WFAA) Updated: 8:57 AM CST January 28, 2021
FORT WORTH, Texas Fort Worth-based American Airlines reported a net loss of $2.2 billion in its fourth quarter of 2020, according to an earnings report published Thursday.