Cost of Amtrak Railroad Operations

RCED-86-127FS: Published: Mar 27, 1986. Publicly Released: Apr 29, 1986.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO obtained information regarding the National Railroad Passenger Corporation's (Amtrak) financial condition, including: (1) the revenue and cost of Amtrak train routes, including service between Philadelphia and Pittsburgh; (2) states' subsidies to Amtrak for providing train service; (3) Amtrak income-producing projects other than rail passenger service; and (4) states' ending budget balances.

GAO found that: (1) in fiscal year 1985, none of the Amtrak passenger train operations were self-supporting, and it had a $836.8 million loss for its operations; (2) service between Philadelphia and Pittsburgh had revenues of $3.7 million and costs of $8 million, resulting in a $4.3-million loss, even though the state increased its payments by $343,000; (4) of the 12 states that subsidized Amtrak passenger service, half stopped providing subsidies or had service discontinued; (5) profits from the Amtrak income diversification program were about $29.2 million, of which $9.2 million was from non-real-estate activities; and (6) 37 of the 50 states had estimated budgets with positive ending balances, with an average ending balance of $108.8 million.

Sep 14, 2016

Sep 2, 2016

Aug 8, 2016

Jul 28, 2016

Jul 13, 2016

Jul 7, 2016

Jun 24, 2016

Jun 21, 2016

May 26, 2016

Looking for more? Browse all our products here