Current Governance Issues At Amtrak

Current governance issues at Amtrak : hearing before the Subcommittee on Railroads of the Committee on Transportation and Infrastructure, House of Representatives, One Hundred Ninth Congress, first session, November 15, 2005.

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Amtrak has struggled since its inception to earn sufficient revenues & operate efficiently. In June 2002, Amtrak's new pres. began major efforts to improve efficiency. However, the financial condition of the company remains precarious, requiring a fed. subsidy of more than $1 billion annually. Capital backlogs are now about $6 billion, with over 60% being attributable to its mainstay Northeast Corridor service. This report reviewed Amtrak's: (1) strategic planning, (2) financial reporting & financial management practices, (3) cost containment strategies, (4) acquisition management, & (5) accountability & oversight. Includes recommendations. Charts & tables.