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 ?
At Amtrac, we are very aggressive with our support on parts and service.
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.
AMTRAC will be the first ever formalized collaboration of medical travel associations of Asian countries that promote medical travel and tourism.
We all obeyed instantly as heavy enemy fire was zipping around the amtrac.
We made the dangerous descent down the cargo nets and dropped into the bobbing amtracs (amphibious tractors).
As the amtracs chugged along, the battleships Colorado (BB-45) and Maryland (BB-46) fired their massive 16-inch guns, answering the Japanese naval gun emplacements that initiated the historic battle for Tarawa.
Offering some help, amtracs were growling back and forth from offshore transports, ferrying in supplies and carrying out the wounded.
Darkness was approaching and ammunition, food, water, and medical supplies remained hot commodities, even as the remaining amtrac drivers made Herculean efforts to evacuate the wounded, bring in fresh troops, land artillery, and carry supplies from the pier to the beaches.
As Lieutenant Jim Fawcett's tractor turned slowly toward the beach, the 24-year-old Washingtonian fixed his gaze on the amtrac carrying 2nd Lieutenant Mike Hofmann and elements of K Company's 2nd Platoon, which had bounced up on shore in the midst of a murderous crossfire.
As Fawcett's own amtrac hit the beach, his mind raced over 100 disjointed impulses as he, a former enlisted Marine, tried to sort out a plan of action.
The amtracs could do what flat-bottomed LCVPs (Landing Craft, Vehicle, Personnel, or "Higgins boats") could not: climb over the Pacific's troublesome reefs and deliver marines beyond exposed beaches.
The first amtracs crashed ashore at 8:28 with weighed-down leathernecks of the 3rd, 21st, and 9th Marine regiments (in order, east to west).