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 ?
An added option might include competitive franchising similar to the British Rail model, where Amtrak would seek competitive bids to provide services for the lowest cost consistent with quality and safety standards.
inflation-adjusted) as well as current dollars are used to make comparisons because constant-dollar values may better reflect the real financial impact on Amtrak.
As fans follow clues, they will also find out more about the different aspects of Amtrak trains and what to expect when travelling by train.
Amtrak has signed an agreement with Rockwell Collins to implement the companys ARINC RailwayNet?
After the mishap, the Federal Railroad Administration ordered Amtrak to broaden its use of an existing signal technology designed to prevent such an incident.
Over the life of the bill, Amtrak's operating subsidy would be reduced by 40 percent through cost cutting, restructuring and reform, while capital funding to Amtrak and the states for intercity passenger rail projects would be increased.
IT APPEARS AMTRAK ACHIEVED NONE OF ITS GOALS SET OUT IN YOUR OWN MANDATE--
Joseph Vranich, a member of the Amtrak Reform Council, and Edward Hudgins of the Cato Institute, have taken note of what Amtrak has realized for all these billions: perhaps three-tenths of one percent of all intercity passengers.
In the end, Acela is functionally the same old Amtrak with a bullet-train bonnet, running on track that includes tunnels dating back to the Civil War and switching equipment not much younger.
Amtrak is now accepting Diners Club International, JCB and UnionPay credit cards as payment options for Amtrak travelers.
The engineer who died in Sunday's Amtrak crash previously expressed concerns about his safety on the train, according to his brother.