About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


114629 1 (1981-03-17)

handle is hein.gao/gaobadyqk0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE IIIIiIIII WASHINGTON, D.C. 20548 114629 FOR RELEASE ON DELIVERY EXPECTED AT 9:30 A.M. TUESDAY, MARCH 17, 1981 STATEMENT OF HENRY ESCHWEGE, DIRECTOR COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION BEFORE THE SURFACE TRANSPORTATION SUBCOMMITTEE SENATE COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION ON LMTRAK'S COSTS AND OPERATING RESULT MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE: WE ARE HERE TODAY TO DISCUSS THE RESULTS OF WORK WE HAVE DONE AT AMTRAK OVER THE PAST FEW YEARS. WE RECENTLY ISSUED REPORTS ON AMTRAK'S SERVICE CONTRACTS WITH OTHER RAILROADS AND ITS DEBT ELIMINATION ALTERNATIVES. PAST REPORTS INCLUDED REVIEWS OF AMTRAK'S SUBSIDY NEEDS, ITS INVENTORY CONTROLS, ITS HIGHLY UNPROFITABLE ROUTES, THE POTENTIAL FOR DEVELOPING HIGH-SPEED CORRIDORS, AND OTHER ASPECTS OF AMTRAK'S PERFORMANCE. A LIST OF OUR REPORTS ON AMTRAK IS INCLUDED AS AN APPENDIX TO THIS STATEMENT. BACKGROUND AMTRAK HAS GROWN SUBSTANTIALLY SINCE IT BEGAN OPERATIONS IN 1971. THE NUMBER OF ROUTES HAS INCREASED FROM 25 TO 46; THE NUMBER OF TRAINS PER WEEK IS UP 32 PERCENT; THE TRAIN