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.
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.
and Amtrak, the National Railroad Passenger Corporation, today announced an agreement to integrate MapQuest Business Solutions software on Amtrak's popular Web site, www.
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.
Providence and Worcester Railroad Company (AMEX: PWX) announced today that a ruling has been issued by the arbitrator in a proceeding with the National Railroad Passenger Corporation (Amtrak) concerning Amtrak's claim for rate increases and maintenance costs for rail sidings with respect to the Company's freight operations over a portion of Amtrak's Northeast Corridor, primarily in the states of Rhode Island and Connecticut.
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