Amtrak's Uncertain Future

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan

9 March 2002 - 9:00am

Amtrak's outgoing president comments on the financial and political troubles of the nation's passenger railroad.

"Outgoing Amtrak President George Warrington said Thursday that perennial financial problems at the nation's passenger railroad are being aggravated by questions about its future and by proposals in Congress to break it up...Warrington said Amtrak needs to persuade outside auditors that the railroad will operate for at least another year. Without such a declaration, Amtrak will have trouble gaining access to a line of credit essential for the railroad's immediate survival."

Full Story: Amtrak searches for new president in midst of cash crunch, uncertainty about future

Source: The San Diego Union-Tribune, March 7, 2002