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 ?
Internationally recognized as the front runners in the medical travel arena within the region, AMTRAC is working to include India, Malaysia, South Korea and Singapore as the remaining four founding members.
D'Angelo has assisted such Fortune 100 companies and public agencies in their environmental programs, including: EDS/General Motors, AT&T, Shell, Amtrac, IBM, General Electric, U.
3 & 4 PLATOON "A" COMPANY, 3RD AMTRACS VIETNAM Oct.
A rifle company that was preparing to deploy to Okinawa, Japan, joined the exercise to become familiar with ship-to-shore movements and shipboard life as it relates to amtracs, Spiese said.