It’s 2009, and Amtrak is raking in the cash. Not from the fare box, but from the federal government. Even though Amtrak accounts for less than one percent of America’s transportation market share, it often is the second highest subsidized mode of transportation.
Amtrak’s financial and operational results for FY 2013 (the 12 months ending September 30, 2013) are now available (audited FY ’13 annual financial statements will be released sometime in 2014). This URPA Special Report analyzes these results, together with extrinsic data compiled by the U.S. Bureau of Transportation Statistics.
In reference to the story in Progressive Railroading (“Amtrak’s Northeast Corridor upgrades hinge on overcoming political, funding challenges,” August 2013, by Angela Cotey, associate editor)
By J. Bruce Richardson
The Toronto Star newspaper published a commentary by Nick Mulder on March 20, 2013. Mr. Mulder is a former deputy minister for transport in Canada; the equivalent of an assistance secretary of the Department of Transportation in the United States.