Amtrak has struggled since its inception to earn sufficient revenues a 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 a financial management practices, (3) cost containment strategies, (4) acquisition management, a (5) accountability a oversight. Includes recommendations. Charts a tables.This report reviewed Amtraka#39;s: (1) strategic planning, (2) financial reporting aamp; financial management practices, (3) cost containment strategies, (4) acquisition management, aamp; (5) accountability aamp; oversight. Includes recommendations.
|Author||:||JayEtta Z. Hecker|
|Publisher||:||DIANE Publishing - 2006-03-01|