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 ?
Amtrak will gladly waive additional charges for customers looking to change their reservation during the modified schedule by calling our reservation center at 800-USA-RAIL.
New Jersey Transit Executive Director Kevin Corbett called Transit's partnership with Amtrak critical torestoringand renewingtheinfrastructurealong theNEC,moving critical capital projects forwardlikethe newElizabeth Stationand expanding their presence in Penn Station New York.
Lipinski questioned why Amtrak leaders refused to reimburse riders for taxis and ride-shares on Feb.
Bank of America executive for co-brand partnerships Michael Simpson said, "We're pleased to team up with Amtrak to launch this new card rewards program and add another key partner to our family of co-branded relationships."
Amtrak currently covers 75 percent of its costs from passenger fares, not counting payments from states and commuter authorities.
Critical Thinking: Do you think Amtrak should be treated as a truly private company and merely run on its ability to make profits?
In the Northeast corridor alone, Amtrak needs more than $21.1 billion to repair and replace outdated and worn infrastructure, ranging from bridges and tunnels to tracks and communications systems.
The bill would also give officials in 19 states ''a seat at the table'' with Amtrak when deciding changes and budgets for service in their states, said Rep.
AMTRAK, America's federally subsidized passenger rail system, manages to keep chugging along only with the help of generous taxpayer subsidies.
Amtrak's Northeast corridor is a popular mode of transportation for workers who prefer alternatives to flying, but as those workers become increasingly tied to wireless devices, they're finding Amtrak's Wi-Fi service a drawback.
Amtrak's high-speed Acela trains are beginning to eat away at airlines' volume of Northeast travelers connecting Washington, Baltimore, Philadelphia, New York, and Boston.
Amtrak conducts safety training for first responders.