Amtrak

(redirected from National Railroad Passenger Corporation)
Also found in: Acronyms, Encyclopedia.

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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Amtrak, or National Railroad Passenger Corporation, a US-based intercity train service, has announced a comprehensive plan to modify and increase its fleet.
In the 1990s, the National Railroad Passenger Corporation (Amtrak) undertook the Northeast High-Speed Rail Improvement Project to make infrastructure improvements that would enable Amtrak to meet a statutory goal of providing 3-hour intercity passenger rail service between Boston and New York City.
Amtrak National Railroad Passenger Corporation is offering a special discount to conference attendees traveling to Kansas City from March 24-April 3, 2004--10 percent savings on the lowest fare available at the time reservations are made.
Linden comes to PB from the National Railroad Passenger Corporation, where she served most recently as vice president for planning policy and development for the Northeast corridor.
Full browser ?