Amtrak To Lose $1 Billion...Again

For the second year, Amtrak is expected to report an annual loss of $1 billion.

1 minute read

July 11, 2002, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Amtrak, which needed a federal bailout to avert a threatened shutdown this month, is headed for its second straight annual loss of at least $1 billion, the railroad's president told Congress yesterday...Amtrak received a $100 million loan from the government Friday to avert a threatened shutdown this month and keep the trains running into August."

Thanks to Abhijeet Chavan

FULL STORY: Amtrak Faces Second Year Of Losing at Least $1 Billion

Thursday, July 11, 2002 in The Washington Post

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