Amtrak CEO Joseph Boardman testifies about the company’s budget request for 2012 before a House Appropriations Subcommittee. The government-owned corporation continues to operate at a loss, with a 2008 Pew study showing the government subsidized about $32 of each on the $1.3 billion request for track improvements and plans to make trains traveling from Philadelphia to New York the fastest in the country.
Amtrak is a government-owned corporation formed in 1971.