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Title:

AMTRAK'S FINANCIAL CONDITION AND DECISIONS FACING THE CONGRESS

Accession Number:

00748183

Record Type:

Component

Availability:

Find a library where document is available


Order URL: http://worldcat.org/issn/00978515

Abstract:

Amtrak has been in financial difficulty for most of its 26-year existence. In recent years, its financial condition has deteriorated to the point to which Amtrak believes that it may run out of cash in 1998. To reduce the continually growing losses and a widening gap between operating deficits and federal subsidies, Amtrak developed its Strategic Business Plan. This plan, which has been revised several times, was designed to increase revenues and control cost growth and, at the same time, eliminate Amtrak's need for federal operating subsidies by 2002. Although Amtrak has made some progress in implementing its business plan and cutting its losses, its financial condition is still precarious. Amtrak's financial measures continue to deteriorate, financial targets have been missed, and substantial capital investment is needed. As Amtrak's financial condition continues to deteriorate, the Congress is faced with difficult decisions regarding the future of intercity passenger rail service.

Supplemental Notes:

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.

Monograph Accession #:

00748171

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Scheinberg, P F

Pagination:

p. 38-43

Publication Date:

1998-3

Serial:

Transportation Research Circular

Issue Number: 484
Publisher: Transportation Research Board
ISSN: 0097-8515

Conference:

National Conference on Critical Issues for the Future of Intercity Passenger Rail

Location: Washington, D.C.
Date: 1997-6-10 to 1997-6-11
Sponsors: Transportation Research Board, National Research Council; National Railroad Passenger Corporation (Amtrak); Federal Railroad Administration; and Environmental Protection Agency.

Media Type:

Digital/other

Features:

Figures (5) ; References (5)

Identifier Terms:

Amtrak; United States Congress

Old TRIS Terms:

Subject Areas:

Finance; Highways; Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; Public Transportation; Railroads

Files:

TRIS, TRB

Created Date:

Apr 14 1998 12:00AM

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