Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult
Title | Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult PDF eBook |
Author | |
Publisher | |
Pages | 32 |
Release | 1994 |
Genre | |
ISBN |
Amtrak
Title | Amtrak PDF eBook |
Author | United States Government Accountability Office (GAO) |
Publisher | Createspace Independent Publishing Platform |
Pages | 30 |
Release | 2018-02-15 |
Genre | |
ISBN | 9781985560611 |
T-RCED-94-155 Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult
AMTRAK
Title | AMTRAK PDF eBook |
Author | United States. Congress. House. Committee on Appropriations. Subcommittee on Transportation |
Publisher | |
Pages | 25 |
Release | 1994 |
Genre | |
ISBN |
Amtrak
Title | Amtrak PDF eBook |
Author | U S Government Accountability Office (G |
Publisher | BiblioGov |
Pages | 34 |
Release | 2013-06 |
Genre | |
ISBN | 9781289046026 |
Pursuant to a congressional request, GAO discussed Amtrak's financial condition and the challenges facing the corporation. GAO noted that: (1) although Amtrak has improved its revenue-to-expense ratio, its budget requests have increased steadily; (2) Amtrak's ability to repay its debt and provide quality nationwide service may be jeopardized because its financial condition has significantly deteriorated and annual operating deficits total $102 million; (3) although Amtrak's efforts to generate additional revenue and reduce operating expenses have helped short-term financial problems, these actions will not be able to cure its long-term financial problems; (4) Amtrak will need to maintain its aging passenger cars, modernize its repair facility and locomotive and passenger car fleet, acquire high-speed trains, continue rail improvements in the North Corridor, and negotiate new agreements with freight railroads and labor unions to operate a viable nationwide network; and (5) Congress will need to review Amtrak's overall objective, ensure that Amtrak's budget is adequate to meet any new rail service goals, and reauthorize Amtrak's 1995 budget to help it address its operating deficit.
Amtrak
Title | Amtrak PDF eBook |
Author | Kenneth M. Mead |
Publisher | |
Pages | 32 |
Release | 1994 |
Genre | |
ISBN |
Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult, U.S. GAO, T-RCED-94-155, March 17, 1994
Title | Amtrak: Financial Condition Has Deteriorated and Future Costs Make Recovery Difficult, U.S. GAO, T-RCED-94-155, March 17, 1994 PDF eBook |
Author | United States. General Accounting Office |
Publisher | |
Pages | |
Release | |
Genre | |
ISBN |
Amtrak
Title | Amtrak PDF eBook |
Author | U S Government Accountability Office (G |
Publisher | BiblioGov |
Pages | 34 |
Release | 2013-06 |
Genre | |
ISBN | 9781289088743 |
Pursuant to a congressional request, GAO discussed Amtrak's financial condition and the near-term challenges facing the corporation. GAO noted that: (1) over the past 3 years, Amtrak's financial condition has deteriorated because of its vast responsibility and limited resources; (2) although Amtrak's efforts to generate additional revenue and reduce operating expenses have helped short-term financial problems, they will not be able to cure long-term financial problems; (3) although Amtrak reported that its revenues covered about 80 percent of its operations in 1993, its estimate did not accurately reflect its financial condition because it did not include all operating expenses; (4) Amtrak needs to maintain its aging passenger cars, modernize its repair facility and locomotive and passenger car fleet, acquire high-speed trains, continue rail improvements in the Northeast Corridor, and negotiate new agreements with freight railroads and labor unions to operate a viable nationwide network; and (5) Congress needs to reauthorize Amtrak's budget for 1995 to help address Amtrak's operating deficit.