Good article in CFO Magazine: Is This Any Way to Run a Railroad?
Article I liked in CFO Magazine:
Is This Any Way to Run a Railroad?
You think you've got problems? Amtrak's got an overpaid workforce. Its trains and tracks are falling apart. Worse, the carrier's balance sheet is a flat-out mess.
John Goff, CFO Magazine
November 01, 2005
http://www.cfo.com/article.cfm/5077873?f=home_featured
Good quote:
"And while critics howl about the $30 billion or so Amtrak has received in federal subsidies since 1971, that largesse pales in comparison with what airlines received during the same period. Observers estimate that, from 1971 to 2004, federal and state grants for the construction of airports, improvements to the national grid system, and other items topped $2 trillion. The sector received nearly $15 billion in federal assistance after 9/11 — and still, airline after airline files for Chapter 11 protection."
Is This Any Way to Run a Railroad?
You think you've got problems? Amtrak's got an overpaid workforce. Its trains and tracks are falling apart. Worse, the carrier's balance sheet is a flat-out mess.
John Goff, CFO Magazine
November 01, 2005
http://www.cfo.com/article.cfm/5077873?f=home_featured
Good quote:
"And while critics howl about the $30 billion or so Amtrak has received in federal subsidies since 1971, that largesse pales in comparison with what airlines received during the same period. Observers estimate that, from 1971 to 2004, federal and state grants for the construction of airports, improvements to the national grid system, and other items topped $2 trillion. The sector received nearly $15 billion in federal assistance after 9/11 — and still, airline after airline files for Chapter 11 protection."
posted by Guy in NYC at
Good article in CFO Magazine: Is This Any Way to Run a Railroad? - 10:36 AM
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