Rail

Amtrak excused from drafting liquidation plan

Posted on December 21, 2001

Congress voted to excuse Amtrak from drafting a liquidation plan, a task the railway said was hurting its relationship with other companies. On Thursday, Congress approved a defense appropriations bill for 2002 that states no federal funds can be spent on a liquidation plan. The Amtrak Reform Council (ARC) is working on a restructuring plan for the railway, which it expects to deliver to Congress by Feb. 7. The ARC is considering several restructuring options for Amtrak, including dividing the railway among states or private companies. Congress, which has the ultimate say in Amtrak's future, will take up the issue next year

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

More News

Sound Transit Link light rail extension lands $75M grant

Construction is expected to begin in Fall 2018, with revenue service targeted for 2022.

Amtrak 'refreshes' interiors of Acela Express trains

The Acela Express refresh is a 14-month program for all of its 20 trainsets, which includes 100 Amtrak cars and 6,080 total seats.

FRA issues $250M Notice of Funding Opportunity for PTC projects

Fourteen railroads report they have installed 100 percent of the hardware necessary for PTC system implementation, as of March 31, 2018.

Brightline partners with Lyft for ridesharing at stations

Lyft will have designated pickup and drop-off locations at Brightline stations in Miami, Fort Lauderdale, and West Palm Beach.

Sound Transit breaks ground on new light rail ops., maintenance facility

The design-build team of Hensel Phelps Construction Co., Stantec, and partners will deliver the new $218 million OMF East.

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