Amtrak

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Amtrak

A government-owned corporation in the United States providing rail service between cities. All preferred stock is owned by the federal government, and the President appoints members of the board of directors (subject to Senate confirmation). Amtrak has never been self-sufficient. Critics of government-owned companies often point to this as a sign that the private market is better at running companies. Amtrak's defenders, however, point out that the U.S. government also must subsidize air travel (which is privately run).
References in periodicals archive ?
ARINC is extremely pleased to be awarded this important contract from the National Railroad Passenger Corporation," said John Belcher, ARINC Chief Executive Officer.
Amtrak is a trademark of National Railroad Passenger Corporation.
In November 2002, President Bush appointed him to the Board of Directors of the National Railroad Passenger Corporation (Amtrak).
OTCBB:BLGA), the creator of blast-mitigation products and services, was awarded an $828,750 contract for its BlastGard MTR blast-mitigated trash receptacles from the National Railroad Passenger Corporation (Amtrak).
2 million contract by National Railroad Passenger Corporation (Amtrak).
Vogt previously served as a director of the National Railroad Passenger Corporation (AMTRAK) and was a member of the Federal Aviation Administration's (FAA) Aviation System Capacity Advisory and Safety Review committees.
today announced that on November 25, 2002 the United States District Court for the District of Rhode Island, after a trial on the merits, awarded the Company approximately $1,478,000 in additional damages in connection with the condemnation proceedings brought by the National Railroad Passenger Corporation ("Amtrak") with respect to certain land and air rights owned by the Company in the Capital Center District in Providence, Rhode Island.
and Amtrak, the National Railroad Passenger Corporation, today announced an agreement to integrate MapQuest Business Solutions software on Amtrak's popular Web site, www.
6 /PRNewswire/ -- Stone & Webster, Incorporated (NYSE: SW) announced today that its subsidiary, Stone & Webster Engineering Company has received a contract in excess of $55 million from the National Railroad Passenger Corporation (Amtrak) to design and construct an electric power facility to support Amtrak's new high speed rail service between New York and Washington, D.
The Company has been party to an arbitration proceeding with the National Railroad Passenger Corporation ("Amtrak") concerning Amtrak's claim for rate increases with respect to the Company's freight operations over a portion of Amtrak's Northeast Corridor in the states of Rhode Island and Connecticut.
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