Download or read book Current Amtrak Financial Condition written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads and published by . This book was released on 1997 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Amtrak Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult written by and published by . This book was released on 1994 with total page 32 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 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intercity Passenger Rail written by United States. General Accounting Office and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intercity Passenger Rail written by Phyllis F. Scheinberg and published by DIANE Publishing. This book was released on 1998-06 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since it began operations in 1971, the National Railroad Passenger Corporation (Amtrak) has never been profitable, & it remains heavily dependent on substantial federal operating & capital subsidies. This report examines: (1) financial performance of Amtrak's current routes, (2) implications for Amtrak of multiyear capital requirements & declining federal operating subsidies, & (3) the effect on Amtrak of reforms contained in the Amtrak Reform & Accountability Act of 1997. It relies on Amtrak's financial data & performance measures to assess the performance of Amtrak's 40 routes. Charts & tables.

Download or read book Intercity Passenger Rail written by Phyllis F. Scheinberg and published by . This book was released on 1997 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Current Amtrak Financial Condition written by Susan Molinari and published by . This book was released on 1998-10 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: An update on Amtrak's financial situation, which is in a state of crisis. Witnesses include the deputy administrator of the Federal Railroad Administration, & the associate director for transportation issues, U.S. General Accounting Office. Thomas M. Downs, the Chairman, Pres. & CEO of Amtrak also appeared & submitted the following for the record: The GapÓ -- operating grants vs. budget assumptions, federal capital appropriations: FY 1976-1997, outstanding debt/capital lease obligations: FY1987-2002, principal & interest expense: FY 1997-2002, Amtrak's glidepath to self-reliance, & the 1/2 cent solution.

Download or read book Amtrak Management written by JayEtta Z. Hecker and published by DIANE Publishing. This book was released on 2006-03 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amtrak has struggled since its inception to earn sufficient revenues & operate efficiently. In June 2002, Amtrak's new pres. began major efforts to improve efficiency. However, the financial condition of the company remains precarious, requiring a fed. subsidy of more than $1 billion annually. Capital backlogs are now about $6 billion, with over 60% being attributable to its mainstay Northeast Corridor service. This report reviewed Amtrak's: (1) strategic planning, (2) financial reporting & financial management practices, (3) cost containment strategies, (4) acquisition management, & (5) accountability & oversight. Includes recommendations. Charts & tables.

Download or read book Amtrak written by Barry Thomas Hill 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 U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO discussed Amtrak's financial condition and the challenges facing the corporation. GAO noted that: (1) although Amtrak has improved its revenue-to-expense ratio, its budget requests have increased steadily; (2) Amtrak's ability to repay its debt and provide quality nationwide service may be jeopardized because its financial condition has significantly deteriorated and annual operating deficits total $102 million; (3) although Amtrak's efforts to generate additional revenue and reduce operating expenses have helped short-term financial problems, these actions will not be able to cure its long-term financial problems; (4) Amtrak will need to maintain its aging passenger cars, modernize its repair facility and locomotive and passenger car fleet, acquire high-speed trains, continue rail improvements in the North Corridor, and negotiate new agreements with freight railroads and labor unions to operate a viable nationwide network; and (5) Congress will need to review Amtrak's overall objective, ensure that Amtrak's budget is adequate to meet any new rail service goals, and reauthorize Amtrak's 1995 budget to help it address its operating deficit.

Download or read book Current Amtrak Financial Condition Hearing Comm On Transportation Infrastructure House Of Reps 105th Cong 1st Sess March 12 1997 written by United States. Congress. House. Committee on Transportation and Infrastructure and published by . This book was released on 1997* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 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.

Download or read book The Past and Future of U S Passenger Rail Service written by Elizabeth Pinkston and published by Government Printing Office. This book was released on 2003 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: Amtrak's current situation -- A brief history of Amtrak -- Amtrak's role in intercity transportation -- The basic economics of passenger rail -- Policy options for the future of passenger rail -- Appendix. Amtrak's interconnections with freight and commuter railroads.

Download or read book Intercity Passenger Rail written by United States. General Accounting Office and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Much Federal Subsidy Will Amtrak Need written by United States. General Accounting Office and published by . This book was released on 1976 with total page 80 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 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO discussed Amtrak's financial condition and the near-term challenges facing the corporation. GAO noted that: (1) over the past 3 years, Amtrak's financial condition has deteriorated because of its vast responsibility and limited resources; (2) although Amtrak's efforts to generate additional revenue and reduce operating expenses have helped short-term financial problems, they will not be able to cure long-term financial problems; (3) although Amtrak reported that its revenues covered about 80 percent of its operations in 1993, its estimate did not accurately reflect its financial condition because it did not include all operating expenses; (4) Amtrak needs to maintain its aging passenger cars, modernize its repair facility and locomotive and passenger car fleet, acquire high-speed trains, continue rail improvements in the Northeast Corridor, and negotiate new agreements with freight railroads and labor unions to operate a viable nationwide network; and (5) Congress needs to reauthorize Amtrak's budget for 1995 to help address Amtrak's operating deficit.