Amtrak Management Systemic Problems Require Actions To Improve Efficiency Effectiveness And Accountability Report To The Chairman Committee On Transportation And Infrastructure House Of Representatives
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Amtrak Management
| Author | : JayEtta Z. Hecker |
| Publisher | : DIANE Publishing |
| Total Pages | : 164 |
| Release | : 2006-03 |
| Genre | : |
| ISBN | : 9781422304587 |
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Amtrak has struggled since its inception to earn sufficient revenues & operate efficiently. In June 2002, Amtrak's new pres. began major efforts to improve efficiency. However, the financial condition of the company remains precarious, requiring a fed. subsidy of more than $1 billion annually. Capital backlogs are now about $6 billion, with over 60% being attributable to its mainstay Northeast Corridor service. This report reviewed Amtrak's: (1) strategic planning, (2) financial reporting & financial management practices, (3) cost containment strategies, (4) acquisition management, & (5) accountability & oversight. Includes recommendations. Charts & tables.
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