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).
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References in periodicals archive ?
(Metra) and the National Railroad Passenger Corp., commonly known as Amtrak.
The National Railroad Passenger Corp., better known as Amtrak, also uses that route, which it calls the Texas Eagle Route.
2005); and National Railroad Passenger Corp., 431 F3d 374 (DC Cir.
The court cited two cases where the court and the GAO, respectively, had found otherwise: National Railroad Passenger Corp. v.
National Railroad Passenger Corp. filed by black Amtrak service attendants, ticket agents, engineers, and conductors marks the third class-action suit filed against the raft carrier over the past year.
The National Railroad Passenger Corp., or Amtrak, inaugurated its Acela service between Boston and Washington at the end of January.
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