 Amtrack is a U.S government owned corporation, and it’s the business name chosen by the National Railroad Passenger Corporation. It was organized back in 1971, on May, 1 and it sought to provide services through an intercity passenger train in the U.S. Amtrack is basically a portmanteau of two words, America and track. It has its headquarters at Washington, D.C at the Union Square.
Facts about Amtrack;
● The federal government owns the preferred stock of Amtrack.
● It has a board of directors who are elected by the president.
● The appointees are always subject to confirmation, by the U.S senate.
● The shares belong to railroads, which declined a buyout offer in 2002 by Amtrack.
● It employs close to 19,000 people.
● Operates services a track over 34,000 km, a track linking over 500 destinations and owned by the freight roads.
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