Senators Push for Amtrak Loan

Share this content:
Democratic senators from New York, New Jersey and Delaware are demanding that the Bush administration provide loan guarantees to Amtrak to cover a $200 million shortfall and keep trains running.

Meanwhile, Sen. Robert Torricelli, D-NJ, said yesterday that Transportation Secretary Norman Y. Mineta assured him that the Bush administration will find a way to resolve the troubled rail network's financial crisis, The Associated Press reported yesterday.

Amtrak is threatening to shut down rail passenger service nationwide later this week unless the Bush administration approves a $200 million loan guarantee or Congress nears passage of a direct appropriation or loan guarantee.

Amtrak handles 5 percent of the U.S. Postal Service's mail, with most of that volume coming from First-Class mail and periodicals moving along the East Coast from Washington to Boston.

The Federal Railroad Administrator, which is part of the U.S. Department of Transportation, is reviewing Amtrak's request for a loan guarantee. If the railroad administration were to rule that Amtrak does not qualify for a loan guarantee, the only options would be a congressional appropriation or an order by lawmakers that the agency grant one.

The senators -- Torricelli and Jon Corzine of New Jersey, Charles Schumer of New York and Joseph Biden of Delaware -- warned that inaction would throw the New York region into chaos.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above