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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 →Congress will make the final decision on Amtrak's future and is considering what role the railway will play in U.S. high-speed rail development .
Read More →DOT recommends Amtrak focus on improving ventilation and evacuation systems in aging tunnels.
Read More →Grounded airplanes mean more business for other modes of travel.
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