Intercity Passenger Rail: Amtrak's Progress in Improving Its Financial Condition Has Been Mixed
RCED-99-181
Published: Jul 09, 1999. Publicly Released: Jul 19, 1999.
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Highlights
Pursuant to a congressional request, GAO followed up on its report on Amtrak's financial performance, focusing on: (1) Amtrak's overall financial performance in fiscal year (FY) 1998; (2) the prospects for Amtrak to meet its financial goals for operating self-sufficiency outlined in its most recent strategic business plan; and (3) the extent to which current and anticipated federal funding and recently enacted legislative reforms aimed at helping Amtrak better control its costs are likely to help improve its financial condition.
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Cost controlFederal aid to railroadsFinancial managementLossesProgram graduationRailroad transportation operationsStrategic planningRailroadsTaxpayersRail