Amtrak Gets Most of Requested Funding

WASHINGTON – Congress on Feb. 13 passed legislation granting Amtrak a $1.05 billion operating and capital grant for the 2003 fiscal year. Additionally, repayment of a June 28, 2002, $100 million from the U.S. DOT loan from has been deferred. “We have no plans to shut down,” Amtrak spokeswoman Karina Van Veen told Gannett News Service. Amtrak’s $1.2 billion request for the fiscal year was predicated upon projected revenue levels and tight controls on spending. Despite the appropriation, Amtrak still believes sustaining operations will be an ongoing challenge. “Though the budget will be extremely tight, this funding level should be

Intermodal Freight: The Railroad’s livelihood

February 15, 2003 Railfanning.org News Wire 0

For a sixth time in seven years, intermodal freight set an annual record during 2002, according to the Association of American Railroads (AAR). “2002 was a very challenging year for industries across the economic spectrum, including freight railroads,” said AAR vice president Craig F. Rockey. “Obviously, we’re pleased to have set another intermodal record — an indication that the intermodal partnerships between railroads, motor carriers, and steamship lines are working extremely well.” Intermodal — the movement of trailers or containers on rail cars — accounts for approximately 20 percent of U.S. Class I rail revenue. Over the past 10 years,

Amtrak Funding: What’s the Answer?

February 1, 2003 Railfanning.org News Wire 0

Can Amtrak operate without government funding? “Earlier today I met with Senator Patty Murray of the Appropriations Committee concerning Amtrak funding for FY ’03,” Amtrak President David L. Gunn said on Jan. 15, 2003. “I updated Senator Murray on the progress being made to stabilize Amtrak’s operations and finances and to bring tight new fiscal controls to bear on the company. I also repeated my concern that federal funding substantially less than $1.2 billion in FY ‘03 will take us right back to the near-shutdown we experienced last summer.” Murray, D-Washington, along with several Senate Republicans, on Jan. 16 ensured

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