Amtrak

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Amtrak,

the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run passenger railroads; over 100 of the nation's 500 passenger railroad lines at the time had filed discontinuation-of-service petitions with the Interstate Commerce CommissionInterstate Commerce Commission
(ICC), former independent agency of the U.S. government, established in 1887; it was charged with regulating the economics and services of specified carriers engaged in transportation between states.
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. Given an initial funding of $40 million and $100 million in federal loan guarantees, Amtrak was designed to be a profit-making, quasipublic enterprise. Its board of directors includes three representatives of labor states and business appointed by the president, two representing commuter authorities, and two representing stockholders of the corporation's preferred stock. Amtrak began operation in 1971, reducing the number of intercity passenger rail routes by one half, retaining service mainly in areas of high density travel. Amtrak now runs up to 300 trains per day to 500 stations over 21,000 route miles, and carries nearly 26 million passengers a year, mainly in the Northeast and on the West Coast. It owns 730 miles, mostly in the Northeast corridor, while contracting with private railroads to run in the rest of the nation.
References in periodicals archive ?
She brings more than 25 years of experience in all forms of communications and marketing from a variety of organizations including National Public Radio, the National Railroad Passenger Corporation (AMTRAK) and various real estate organizations," Mr.
Providence and Worcester Railroad Company (AMEX: PWX) announced today that a ruling has been issued by the arbitrator in a proceeding with the National Railroad Passenger Corporation (Amtrak) concerning Amtrak's claim for rate increases and maintenance costs for rail sidings with respect to the Company's freight operations over a portion of Amtrak's Northeast Corridor, primarily in the states of Rhode Island and Connecticut.
Amtrak is pleased we will continue to provide high quality service to Metrolink and its 27,000 daily customers," said Gil Mallery, president of Amtrak West, one of three strategic business units of the National Railroad Passenger Corporation.
ALSTOM (NYSE:ALS) has been awarded an order worth more than $14 million to supply the National Railroad Passenger Corporation (Amtrak) with six double-deck intercity coaches.
His prior experiences have included the position of president of the National Railroad Passenger Corporation (Amtrak); general manager of the Railroad Development Corporation with responsibility for the firm's privatization activity in Argentina; CEO of the Monongahela Railway Company; and Illinois Central Gulf Railroad, where he had both commuter and intermodal responsibilities.
The service is operated by the National Railroad Passenger Corporation (Amtrak).
Secretary of Transportation Federico Pena today announced the reappointment of Sylvia de Leon and Roy Neel to serve on the Board of Directors of Amtrak, the National Railroad Passenger Corporation.
Nasdaq: FTRN), an entertainment-based passenger rail company, today announced a definitive long-term agreement with the National Railroad Passenger Corporation ("Amtrak").
On May 1, 1971, the National Railroad Passenger Corporation, popularly known as Amtrak, made its first tentative foray into the unknown world of consolidated nationwide passenger train operations.
CO: Amtrak National Railroad Passenger Corporation ST: District of Columbia IN: TRN SU: PDT

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