Amtrak
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The National Railroad Passenger Corporation, better known as Amtrak, is the quasi-governmental corporation (QGC) incorporated in May 1971 to provide interstate and regional passenger train service in the United States. The company has service to 46 of the 48 states in its service area, Hawaii being in the middle of the Pacific Ocean and Alaska being isolated by Canada are not considered serviceable. The route system encompasses more that 20,000 miles of track of which more than 98% is owned and maintained by the nation’s fright railroads.
As a quasi-governmental corporation all the company’s class “A” shares, those are the preferred shares, are owned by the U.S. Government, the company’s boards of directors are appointed by the President and confirmed by the U.S. Senate. The class “B” shares, the common shares, where issued to railroads in exchange for contributed capital, equipment and other assets.
Fast Facts
- Annual Revenue: $2.15 Billion
- Operating Loss: $1.35 Billion
- FY 2007 Ridership: Approx 25.85 million passengers
- Headquarters: Washington, DC
- Staff: Approximately 19,000
- Labor Unions: Eight, representing approximately 16,000 employees
- President: Mr. Alexander K. Kummant
- Inspector General: Mr. Fred E. Weiderhold, Jr.
- Owned equipment: 1,505 passenger cars, 419 locomotives, 80 auto vehicle carriers and 101 baggage cars
- Leased equipment: 140 railroad passenger cars and 19 locomotives
- Owned track: 363 miles in the Northeast Corridor, 17 tunnels and 1,186 bridges
- Heavy maintenance facilities: Three, in Wilmington, DE; Bear, DE and Beech Grove, IN.
- Standard maintenance facilities: 11, in Washington, DC; New York City; Rensselaer, N.Y.; Niagara Falls, N.Y.; Boston, MA; Hialeah, FL; Chicago, IL; New Orleans, LA; Los Angeles, CA; Oakland, CA; and Seattle, WA.
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