Re:Amtrak's 2035 map has people talking about the future of ...
by throwawayboise on Sunday April 25, 2021 @03:42PM
(#26935920)
Amtrak is the brand name for the service provided by National Railroad Passenger Corporation, a weird quasi-public, ostensibly for-profit corporation. Its stock is all owned by the government, but it's not supposed to be dependent on subsidies to operate.
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Re:Amtrak's 2035 map has people talking about the future of ...
by colin_mccabe on Friday April 30, 2021 @06:34PM
(#27000356)
"it's not supposed to be dependent on subsidies to operate."
I don't think this reflects the current thinking in Washington about Amtrak. I wasn't able to find its P/L history, but has it ever made a profit? I can't remember hearing that it did.
Re:Amtrak's 2035 map has people talking about the future of ...
by realityking on Tuesday April 27, 2021 @02:12AM
(#26952602)
This is quite similar to Deutsche Bahn, the main German railway operator. It’s a private company but all shares are owned by the federal government. They get subsidies (mostly infrastructure cost) but any profit they make goes back into the federal budget.