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

Metra to seek proposals for new railcars, engines

The exact number will depend on the responses to the RFP, the amount of funding available, and whether Metra can use financing alternatives, such as leasing, to maximize its funding.

Siemens diesel-electric locomotives to begin operation on Calif. train

The Charger clean diesel-electric locomotives are the first high-speed passenger locomotives to receive Tier IV emissions certification from the FRA.

Alstom delivers last of 22 Venezuelan metropolis trainsets

The Alstom-led consortium “Grupo de Empresas,” together with Colas Rail and Thales, subcontracted by Consorcio Linea 2, is responsible for the project, including engineering, integration, and commissioning of the electromechanical works on a turnkey basis.

Stun gun incident causes stampede after NJ Transit train gets stuck in tunnel

This latest incident happened three weeks after the derailment of an Amtrak train at Penn Station and a week after a NJ Transit derailment shut down eight of 21 tracks there and disrupted travel in the region for days.

Holt to lead railroad systems engineering at WSP | PB

He will be responsible for leadership, direction and management of engineering services for railroad and rail transit projects and will support the firm's related business initiatives across the country.

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