It’s federally owned. While ops theory is interesting, I think the real answer is because the government runs it and they depend on government funds to operate.
it’s not federally funded the way most federal stuff is handled though. It’s ‘federally chartered’ and nominally a for profit corporation where all the stock is owned by the feds and the feds choose the leadership. It’s supposed to make money not just spend tax money.
Bingo! Biden actually increased funding for Amtrak while he was in office to help improve the infrastructure and build more passenger lines. Who knows if any of that will ever get done at this point though.
Who owns Amtrak anyway?
It’s federally owned. While ops theory is interesting, I think the real answer is because the government runs it and they depend on government funds to operate.
it’s not federally funded the way most federal stuff is handled though. It’s ‘federally chartered’ and nominally a for profit corporation where all the stock is owned by the feds and the feds choose the leadership. It’s supposed to make money not just spend tax money.
So there’s also not much incentive for the people running the service to do any more than the bare minimum.
Bingo! Biden actually increased funding for Amtrak while he was in office to help improve the infrastructure and build more passenger lines. Who knows if any of that will ever get done at this point though.
Spoiler: it won’t
New headline:
Stormy Daniels appointed as new head of Amtrak
Mr. Track
Of the Boston Tracks!?!
Please, call him Am.