Rail

Amtrak liquidation chances are slim

Posted on November 16, 2001

Talk of liquidating Amtrak is overblown and chances of a forced liquidation of the railway are small, said Tom Till, executive director of the Amtrak Reform Council. The more important effect of the council's vote, which would force Amtrak to develop a liquidation plan, is to press Congress and the White House to make significant and lasting changes to a railroad system that has bled money for decades, said Till. "Nobody here seriously believes Amtrak is going to be liquidated, and that's not the intent of our finding," Till said in a media briefing. "There will be proposals on the table to debate and discuss, and that's what we want." The council's ideas include: making states or Congress come up with the money to keep unprofitable but politically popular Amtrak routes, and improve the railway's reservation system so fewer seats go unused.

View comments or post a comment on this story. (0 Comments)

More News

CRRC announces ship date for MBTA pilot cars

The company is the first Chinese railcar builder to enter into the U.S. rail car manufacturing market.

STV, WSP USA to support L.A. Metro rail vehicle acquisition

Acquisition of new heavy rail vehicles and associated equipment that will play a key part in Metro’s systemwide rail expansion over the next decade.

Stadler breaks ground on railcar manufacturing plant in Salt Lake City

Its 62-acre property boasts 75,000 square feet of production space for the bogie, main, pre- and final assembly of single- and bi-level trains.

Stadler, Fort Worth Transportation Authority unveil 1st U.S. FLIRT train

The new commuter trains for TEXRail have been designed to reach maximum speeds of 81 mph and boast a coupled length of 266 feet each.

Design-build taking transit into the future

Design-build minimizes risk, reduces delivery time, keeps budgets in line, and mitigates funding partner concerns throughout project duration. With traditional design-bid-build, owners, designers, and contractors are segregated from design concept to final construction.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close