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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

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