Rail

Panel recommends Amtrak lose assets

Posted on January 11, 2002

Amtrak would be forced to give up its most significant assets under proposals made by a federal panel studying the financially troubled passenger railroad. The Amtrak Reform Council meets today to finalize recommendations it will report to Congress on Feb. 7. Restructuring options for the railroad have been reduced from nine to three. Under the proposals, Amtrak would relinquish ownership of the Northeast Corridor, estimated to cost between $800 million and $1 billion to maintain, to the U.S. Transportation Department or a compact of states. All three options give the government varying oversight roles and responsibilities. The National Association of Railroad Passengers said Thursday that recommendations to "separate Amtrak from profitable non-rail assets bear a disturbing similarity to the early steps in the process that led to Britain's current railway crisis."

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

More News

NJ TRANSIT hearing focuses on PTC

Some lawmakers expressed concern as to whether NJ Transit would be able to implement positive train control by the federally mandated deadline of Dec. 31, 2018.

Alstom to supply 14 metro cars to RATP, STIF

Due to circulate on line 4, the MP14 trains will help to increase the capacity and quality of transport on the line, with a targeted global service equivalent to that of line 1.

Development of iconic perfume threatened by high-speed rail plan

Chanel says it will leave Grasse, dubbed the perfume capital of the world, unless plans are dropped to drive a TGV line through the fields of flowers required to make the world’s most famous scent

MBTA employees to use 'biometric' time clock at rail facility

This new system, which has been in the works for more than a year, will enable employees to clock in and out by swiping their finger and tapping in a personalized PIN number.

Texas bullet train builder expands leadership, adds Aguilar as CEO

Tim Keith becomes president and will lead capital raising and external affairs.

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