Download or read book Amtrak written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-18 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amtrak: Deteriorated Financial and Operating Conditions Threaten Long-Term Viability

Download or read book AMTRAK written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads and published by . This book was released on 1995 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Railroad, travel.

Download or read book Amtrak Deteriorated Financial and Operating Conditions Threaten Long term Viability written by Kenneth M. Mead and published by . This book was released on 1995 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak Deteriorated Financial and Operating Conditions Threaten Long Term Viability U S GAO March 23 1995 written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-18 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amtrak: Deteriorated Financial and Operating Conditions

Download or read book Amtrak Deteriorated Financial and Operating Conditions Threaten Long Term Viability U S GAO March 2 1995 written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO discussed Amtrak's financial and operating conditions and its fiscal year 1996 request for appropriations. GAO noted that: (1) Amtrak's financial condition has deteriorated steadily since 1990 and its ability to provide nationwide service is threatened; (2) federal subsidies in recent years have not covered the widening gap between Amtrak's expenses and revenues; (3) Amtrak drew down its working capital from a positive balance of $113 million in 1987 to a negative balance of $227 million in 1994 to meet immediate cash needs; (4) Amtrak addressed its financial situation by assuming debt, deferring maintenance, and reducing staffing, which caused a decline in service quality, ridership, and revenues; (5) Amtrak plans to reduce expenses by adjusting routes and service frequencies, retiring its oldest cars, reducing staff, and improving service and productivity; (6) even if its plan is completely successful, Amtrak will need an additional $1.3 billion in federal support to meet all of its expenses through 2000; (7) Amtrak forecasts a $2.6-billion shortfall if federal support is phased out; (8) Amtrak needs significant increases in passenger revenues or subsidies to overcome its financial problems, although revenues are not likely to increase due to fare competition from the airlines; (9) Amtrak must soon negotiate new labor agreements and agreements with freight railroads to use their track; and (10) it is uncertain what consequences will ensue in the absence of additional federal support.

Download or read book Amtrak written by Kenneth M. Mead and published by . This book was released on 1995 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak written by Kenneth M. Mead and published by . This book was released on 1994 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intercity Passenger Rail written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1995-06 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses Amtrak's deteriorating financial & operating conditions. Addresses the likelihood that Amtrak can overcome its financial & operating problems & presents alternative actions that could be considered by the Congress in deciding on Amtrak's future mission & on commitments to fund the railroad. 36 figures, graphs & tables.

Download or read book Intercity Passenger Rail written by BPI Information Services and published by Bpi Information Services. This book was released on 1995-01-01 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assesses Amtrak's deteriorating financial and operating conditions. Addresses the likelihood that Amtrak can overcome its financial and operating problems and presents alternative actions that could be considered by the Congress in deciding on Amtrak's future mission and on commitments to fund the railroad.

Download or read book Intercity Passenger Rail written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-30 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: RCED-95-71 Intercity Passenger Rail: Financial and Operating Conditions Threaten Amtrak's Long-Term Viability

Download or read book Long term Viability of Amtrak and the Need for a Dedicated Funding Source written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1998 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intercity Passenger Rail written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a legislative requirement, GAO reviewed Amtrak's financial and operating condition, focusing on: (1) whether Amtrak can overcome its financial and operating problems; and (2) alternative actions Amtrak could take to meet its future funding requirements. GAO found that: (1) Amtrak's financial condition has declined steadily since 1990 and its ability to provide nationwide service is seriously threatened; (2) although Amtrak's funding has increased to almost $1 billion in 1995, the increase has not been sufficient to cover its operating deficiencies and capital investment, equipment, and facility improvement requirements; (3) although Amtrak has assumed debt, deferred maintenance, and reduced staffing to address its capital shortfall, these actions have diminished the quality and reliability of Amtrak's service; (4) it is unlikely that Amtrak can overcome its financing, capital investment, and service quality problems without significant increases in passenger revenues or funding; (5) Amtrak revenues have suffered from an unfavorable operating environment and intense fare competition from airlines; (6) Amtrak faces additional equipment and facility maintenance costs and must negotiate new agreements with freight railroads to access their track; (7) Amtrak could substantially increase its funding by making capital investments and improving service quality to retain current riders and attract new ones, but this approach would be costly and difficult to achieve in the current budget environment; (8) the privatization of Amtrak is not feasible because few private firms would be willing to assume the risks of providing intercity passenger service; and (9) Amtrak could realign or reduce its current route system and retain service in the locations where it could cost-effectively carry the largest number of passengers.

Download or read book Indexes for Abstracts of Reports and Testimony written by and published by . This book was released on 1995 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intercity Passenger Rail Financial and Operating Conditions Threaten Amtrak s Long Term Viability U S GAO February 6 1995 written by United States. General Accounting Office and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak s Financial Situation written by Kay Bailey Hutchinson and published by DIANE Publishing. This book was released on 1999-12 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hearing held to look at the current financial situation of Amtrak and to determine the best way to handle Amtrak's fiscal and financial situation, including the best way to address capital needs. Witnesses include: Thomas M. Downs, Pres. and CEO, Amtrak; Donald M. Itzkoff, Deputy Administrator, Federal Railroad Admin., U.S. Dept. of Transportation; Phyllis F. Scheinberg, Assoc. Dir., Transportation Issues, Resources, Community, and Economic Development, General Accounting Office; Karen Borlaug Phillips, Assoc. of American Railroads; and Senators Kay Bailey Hutchison, John McCain, Ron Wyden, Daniel K. Inouye, and John F. Kerry.