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Amtraks Financial Situation
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Book Synopsis Intercity Passenger Rail by : Phyllis F. Scheinberg
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.
Book Synopsis Amtrak's Financial Situation by : Kay Bailey Hutchinson
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.
Book Synopsis Intercity Passenger Rail by : United States. General Accounting Office
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:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine Publisher : ISBN 13 : Total Pages :112 pages Book Rating :4.F/5 ( download)
Book Synopsis Amtrak's Financial Situation by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine
Download or read book Amtrak's Financial Situation written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine and published by . This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Intercity Passenger Rail by : Phyllis F. Scheinberg
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:
Author :United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine Publisher : ISBN 13 : Total Pages :108 pages Book Rating :4.:/5 (51 download)
Book Synopsis Amtrak's Financial Situation by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine
Download or read book Amtrak's Financial Situation written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine and published by . This book was released on 1998 with total page 108 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:
Book Synopsis Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult by :
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:
Book Synopsis Amtrak Management by : JayEtta Z. Hecker
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.
Book Synopsis Amtrak, Deteriorated Financial and Operating Conditions Threaten Long-term Viability by : Kenneth M. Mead
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:
Book Synopsis Intercity Passenger Rail by : United States. General Accounting Office
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:
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads Publisher : ISBN 13 : Total Pages :196 pages Book Rating :4.3/5 (121 download)
Book Synopsis Current Amtrak Financial Condition by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads
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:
Book Synopsis Current Amtrak Financial Condition by : Susan Molinari
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.
Book Synopsis Amtrak by : U S Government Accountability Office (G
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.
Book Synopsis Intercity Passenger Rail by : DIANE Publishing Company
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.
Book Synopsis Amtrak by : U S Government Accountability Office (G
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.
Book Synopsis Amtrak by : U S Government Accountability Office (G
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.
