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The National Railroad Passenger Corporation, doing business as Amtrak (/ ˈ æ m t r æ k /; reporting marks AMTK, AMTZ), is the national passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous U.S. states and three Canadian provinces. Amtrak is a portmanteau of the words America and track.
At the time, many Washington insiders viewed the corporation as a face-saving way to give passenger trains the one "last hurrah" demanded by the public, but expected that the NRPC would quietly disappear in a few years as public interest waned. However, while Amtrak's political and financial support have often been shaky, popular and political ...
In the late 1980s, the government began to reform the state-owned enterprise, and during the 1990s and 2000s, many mid-sized and small sized state-owned enterprises were privatized and went public. There are a number of different corporate forms which result in a mixture of public and private capital.
Last March, Amtrak, armed with $66 billion in funding from the 2021 infrastructure bill, began a $6 billion project to build a new tunnel that's scheduled to open in 2035. That was just one of ...
As of March 2020, Amtrak provides public railway transportation on 35 lines, with services concentrated in the Pacific Northwest, Northeast, California, and the Midwest. Amtrak also operates its own long distance bus system to support its train network.
(The Center Square) – As the Biden administration comes to a close, North Carolina received a $14 million federal grant to improve Amtrak passenger train service in the state. The funds will be ...
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
Amtrak reported an adjusted operating loss of $705 million for the 12 months ending Sept. 30, down 9% over 2023. Amtrak's prior record was 32.3 million passengers in 2019, which was up 45% from 2003.