quote:Amtrak's operating subsidies would be cut but the railroad would receive more money for improvements to tracks and equipment, under a bipartisan proposal to be considered by a Senate committee Thursday. The bill calls for reducing Amtrak's operating subsidy by 40 percent, leaving the railroad $3.3 billion in subsidies over six years. Those cuts would be absorbed through cost cutting, restructuring and reform.
quote: Amtrak as an organization must change culturally to think and run more like a business," said (Trent)Lott, chairman of the Commerce surface transportation subcommittee. "That is why our bill requires Amtrak to develop much better financial systems and be held accountable for its use of federal funding."
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I could live with that, Amtrak only needs 345 millon a year to operate their ld trains, and if Congress gives them more money to buy equipment, like more sleepers for the Superliners, and more sleepers, lounges, and diners back east, this could make Amtrak have a chance to be more profitable. Brad
Posts: 15 | From: Eugene, Or | Registered: May 2005
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