Intercity Passenger Rail Amtrak Needs To Improve Its Decisionmaking Process For Its Route And Service Proposals
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Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 45 |
Release | : 2002 |
Genre | : |
ISBN | : 1428945105 |
The National Railroad Passenger Corporation (Amtrak) is the nation's intercity passenger rail operator. In recent years, facing the continuing deterioration of its financial condition and its attempt to eliminate its need for federal operating assistance by December 2002, Amtrak undertook a number of actions intended to improve its financial condition. Among these actions were changes in its routes and services. Starting in 1995, Amtrak began reducing service and eliminating routes to reduce costs, although this strategy was ultimately unsuccessful. In December 1999, Amtrak's board of directors shifted its route and service strategy toward planning to implement new routes and expand services (called the Network Growth Strategy) on the freight railroad tracks over which Amtrak operates. It estimated that this expansion, involving 15 routes, would yield about $66 million in net financial benefits through fiscal year 2002, primarily from expanding its mail and express business, and help Amtrak move toward operational self-sufficiency.
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 48 |
Release | : 2002 |
Genre | : Railroads |
ISBN | : |
Author | : United States Government Accountability Office |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 46 |
Release | : 2018-02-03 |
Genre | : |
ISBN | : 9781984985224 |
Intercity Passenger Rail: Amtrak Needs to Improve Its Decisionmaking Process for Its Route and Service Proposals
Author | : U S Government Accountability Office (G |
Publisher | : BiblioGov |
Total Pages | : 48 |
Release | : 2013-06 |
Genre | : |
ISBN | : 9781289088965 |
In light of its continuing financial deterioration and its stated goal of eliminating federal operating assistance by December 2002, Amtrak undertook several steps to improve its financial condition, including changing in its routes and services. Amtrak has been unsuccessful in implementing its Network Growth Strategy to shift its route and service plans for new routes and expanded services on the freight tracks over which it operates. Two years after announcing the new strategy, Amtrak has only implemented three routes, one of which was later canceled. Amtrak still plans to implement the remaining three routes, although later than planned. Increased mail and express revenues were the cornerstone of the new strategy. However, Amtrak overestimated the mail and express revenue expected. According to Amtrak, this overestimation occurred because (1) it had no empirical basis for its revenue estimates and (2) express shippers were reluctant to enter into contracts for service that did not yet exist. Six of the planned route actions were canceled because Amtrak overestimated the revenues associated with them. Amtrak was unable to reach agreement with freight railroads because they were concerned about (1) Amtrak's plans to operate additional trains in already congested areas, (2) Amtrak's plans to carry express merchandise that might compete with their own business, and (3) compensation that Amtrak would pay for use of their tracks.
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 41 |
Release | : 2002 |
Genre | : Railroads |
ISBN | : |
Author | : United States. General Accounting Office |
Publisher | : |
Total Pages | : 0 |
Release | : 2002 |
Genre | : Railroads |
ISBN | : |
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 165 |
Release | : |
Genre | : |
ISBN | : 1428932178 |
Author | : |
Publisher | : |
Total Pages | : 68 |
Release | : 2002-04 |
Genre | : Finance, Public |
ISBN | : |
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 323 |
Release | : 2004 |
Genre | : |
ISBN | : 1428937757 |
Author | : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Railroads |
Publisher | : |
Total Pages | : 144 |
Release | : 2005 |
Genre | : High speed trains |
ISBN | : |