Founded in 1971 as a quasi-public corporation to operate many U.S. passenger rail routes,[1][2][3] Amtrak receives a combination of state and federal subsidies but is managed as a for-profit organization.[4] The United States federal government through the Secretary of Transportation owns all the company's issued and outstanding preferred stock.[5] Amtrak's headquarters is located one block west of Union Station in Washington, D.C.[6]
Amtrak serves more than 500 destinations in 46 states and three Canadian provinces, operating more than 300 trains daily over 21,400 miles (34,000 km) of track. Amtrak owns approximately 623 miles of this track and operates an additional 132 miles of track. Some track sections allow trains to run as fast as 150 mph (240 km/h).[4]
Yes, I know: Amtrak owns very little track.
BUT, Dept of Transportation spends money right now to help the RRs maintain track.
Federal Funding Resources | US Department of Transportation
[Search domain transportation.gov] https://www.transportation.gov/highlights/disaster-recovery/funding/federal
The FRA's Railroad Rehabilitation & Improvement Financing (RRIF) Program offers direct Federal loans and loan guarantees to railroads, State and local governments, government-sponsored authorities and corporations, joint ventures that include at least one railroad, and limited option freight shippers who intend to construct a new rail connection.
23 CFR § 646.216 - General procedures. | CFR | US Law ...
[Search domain law.cornell.edu] https://www.law.cornell.edu/cfr/text/23/646.216
(2) Where a railroad is not adequately staffed, Federal-aid funds may participate in the amounts paid to engineering consultants and others for required services, provided such amounts are not based on a percentage of the cost of construction, either under contracts for individual projects or under existing written continuing contracts where such work is regularly performed for the railroad in its own work under such contracts at reasonable costs.
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