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 ?
Freed of excessive Federal regulation and political control, Amtrak would be capable of earning profits on some services, especially in the Northeast Corridor.
In the 199094 period, Amtrak typically overestimated its revenues.
The contest, taking place from June 15, 2011 to July 4, 2011, will follow the Travelocity Roaming Gnome as he passes through eight destinations across the country on Amtrak Trains.
Amtrak is a leader in the deployment and use of positive train control.
com/amtrak-philadelphia-derailment-update-5-key-findings-ntsb-meeting-deadly-2015-train-2370211) National Transportation Safety Board met in May 2016 to present its finding on the cause of the 2015 Amtrak derailment in Philadelphia.
would reauthorize Amtrak until 2012 and provide significant increases in funding over time to continue Amtrak's current service, upgrade equipment and return the Northeast Corridor to a state of good repair.
BUT ONE SOMETHING BECOMES A GOVERNMENT PROGRAM IT NEVER DIES, AND JUST WHEN IT LOOKS LIKE AMTRAK IS HEADING FOR THE SCRAP HEAP ITS BACKERS WILL USE SOME CRISIS LIKE THE OIL EMBARGO OR 9/11 TO DECLARE ITS EXISTENCE VITAL TO OUR "NATIONAL INTEREST" .
Now, an even greater burden falls on Congress to keep Amtrak alive.
Our Palmdale stop is on one of the Amtrak motor-coach routes connecting Amtrak California's San Joaquin service in Bakersfield to Amtrak's other trains in Los Angeles Union Station,'' Friedman said.
Amtrak was begun, in part, to escape previous mismanagement that was abetted by the government.
To hedge its bets with the traveling public, Amtrak spent millions just on marketing its land yacht--a full year before there was ever a train to ride on.