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Amtrak is currently seeking $1.2 billion in federal aid, while the Bush administration has proposed $521 million in federal support.
Read More →George Warrington was nominated to become executive director of New Jersey Transit.
Read More →Plan recommends breaking up the rail system and introducing competition.
Read More →A $716 million allotment for the Federal Railroad Administration includes $521 million in federal subsidies for Amtrak.
Read More →The railway announced a $258 million package of spending cuts and capital investment deferrals, including a 4% cut in staff.
Read More →The railway would have to reduce its cash loss by more than $300 million to meet the deadline.
Read More →Under the proposals, Amtrak would relinquish ownership of the Northeast Corridor, estimated to cost between $800 million and $1 billion to maintain.
Read More →Bombardier Corp. in November filed suit against Amtrak, claiming Amtrak disrupted its ability to produce and deliver the high-speed trainsets and locomotives for the Northeast Corridor in a timely and efficient manner.
Read More →Congress approved a defense appropriations bill for 2002 stating that no federal funds can be spent on a liquidation plan.
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