MENU
SEARCHMENUSEARCH
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.
Read More →One of the more drastic options has the private sector taking over Amtrak train operations and eliminating long-distance routes considered unprofitable.
Read More →Amtrak claims figure of rail miles underreported is in the millions.
Read More →The railroad's credit may have been damaged since the Amtrak Reform Council recommended liquidation.
Read More →Federal panel reform ideas for the railway include making states or Congress come up with money to keep unprofitable but politically popular Amtrak routes.
Read More →