Intercity passenger rail : financial performance of Amtrak's routes

Details

• Corporate Creators:
  United States. Government Accountability Office
• Subject/TRT Terms:
  • Rail transit
  • Passenger trains
  • Railroad commuter service
  • Intercity transportation
  • Policy, legislation and regulation
  • Government funding
  • Operating subsidies
  • Financial analysis
  • Amtrak
  • Amtrak Reform and Accountability Act
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• Publication/ Report Number:
  GAO/RCED-98-151
• DOI:
  https://doi.org/10.21949/1403057
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• TRIS Online Accession Number:
  00761126
• Corporate Publisher:
  United States. General Accounting Office
• NTL Classification:
  NTL-RAIL TRANSPORTATION-Rail Economics and Finance ; NTL-RAIL TRANSPORTATION-Rail Laws and Regulations ; NTL-RAIL TRANSPORTATION-Rail Planning and Policy ; NTL-PUBLIC TRANSPORTATION-Transit Planning and Policy ; NTL-PUBLIC TRANSPORTATION-Rail Transit ; NTL-PUBLIC TRANSPORTATION-Transit Economics and Finances
• Abstract:
  Since it began operations in 1971, the National Railroad Passenger Corporation ; (Amtrak) has never been profitable and has received about $21 billion in federal ; subsidies for operating and capital expenses. In December 1994, at the ; direction of the administration, Amtrak established the goal of eliminating its ; need for federal operating subsidies by 2002. However, Amtrak remains heavily ; dependent on substantial federal operating and capital subsidies. Congress ; directed the Government Accounting Office (GAO) to examine the financial ; (1) performance of Amtrak's current routes, (2) implications for Amtrak of ; multiyear capital requirements and declining federal operating subsidies, and ; (3) effect on Amtrak of reforms contained in the Amtrak Reform and ; Accountability Act of 1997. The GAO relied on Amtrak's financial data and ; performance measures to assess the performance of Amtrak's 40 routes. ; Furthermore, the GAO limited our review to the reforms contained in the Amtrak ; Reform and Accountability Act. This report to Congress is the result of that ; study.
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• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/12576/dot_12576_DS1.pdf
• File Type:
  [PDF - 325.27 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:3b1844d4011f102eac3d389dcdff19f92a9bb863d553a6bf6ff0306d3aafdb20