* All Financial Data is Preliminary and Unaudited *

MonthlyMonthly PerformancePerformance ReportReport forfor SeptemberSeptember 20112011

November 2, 2011

Table of Contents

Page # A. Financial Results 1. Summary Performance Report versus Budget Operating Results - Month A-1.1 Operating Results - Year to Date A-1.2 Capital Spend Summary - Month A-1.3 Capital Spend Summary - Year to Date A-1.4 ARRA Capital Program Summary A-1.5

2. Metrics Metrics A-2.1 Inventory Turns / Balance A-2.9

3. Ridership and Revenue Ticket Revenue and Ridership Summary A-3.1 Ridership and Ticket Revenue by Route Current Month A-3.4 Year to Date A-3.5 Ridership and Revenue - Sleeper Class A-3.6

4. Actual and Forecast Results Income Statement by Business Lines Month, YTD vs. Budget and Prior Year A-4.1 Capital Project Overview Regular Projects A-4.8 ARRA Projects A-4.10 Mechanical Production Report A-4.13 Engineering Production Report A-4.15

5. Actual Analysis to Prior Year Consolidated Income Statement A-5.1 Consolidated Statements of Cash Flows A-5.4 Balance Sheet A-5.5

B. Legislative Report Legislative Updates B-1

C. Route Performance Report – Fully Allocated Summary YTD Route Results C-1

D. Workforce Statistics Headcount Data D-1 Other Employee Costs D-3

E. Performance Indicators Delay Minutes Summary Report E-1 Host Railroad Delay Minutes Report E-2 On-Time Performance E-7

i

IINNAANNCCIIAALL EESSUULLTTSS

Operating Results for the Month of September 2011

($ millions)

September September Fav/(Unfav) FY11 Budget to Budget Comments Revenues: Adjusted Ticket Revenue $150.7 $147.0 $3.7 Acela and Corridor routes partially offset by effects of weather and host railroad track work. Food & Beverage 12.8 8.4 4.4 Includes prior period adjustments. State Support 19.7 15.9 3.8 Includes payments for prior periods. Oregon and New York are unsigned. Total Passenger Related 183.2 171.3 11.9 Other Revenue 55.5 44.6 10.9 Timing of reimbursable operations and State capital amortization. Total Revenues $238.7 $215.9 $22.8 Expenses: Salaries, Wages & Benefits $168.7 $164.2 ($4.5) Higher accrued insurance costs and budgeted transfer credits now booked to Indirect Costs (below). Train Operations 23.1 22.1 (1.0) Increased Commissary and Bus costs partially offset by host railroad schedule adherence payments. Fuel, Power and Utilities 36.1 27.7 (8.4) Increased net diesel fuel costs partially offset by favorable power. Materials 3.2 18.9 15.7 Primarily an adjustment to the inventory reserve account and lower component overhauls. Facility & Communications 17.6 15.0 (2.6) Increase in security costs and building maintenance service fees. Advertising and Sales 13.9 9.8 (4.1) Timing of advertising programs (favorable YTD) and volume related credit card commissions. Casualty and Other Claims 5.8 5.1 (0.7) Increase in accrued FELA liability costs. Depreciation, net 52.7 59.4 6.7 Due to an adjustment to the group depreciation model. Other Expenses Professional Fees 16.4 9.8 (6.6) Unfavorable due to various Corporate initiatives. Data Processing Services 30.5 9.9 (20.6) Higher outsourced data center operations and PRJ related technology costs. Maintenance of Way Services 2.6 4.0 1.4 Favorable project related track roadway maintenance. Remaining Other Expenses 7.7 3.8 (3.9) Unfavorable due to accrued environmental costs and the disposal of certain assets. Indirect Cost Capitalized to P&E (29.1) (10.5) 18.6 Due to increased field overhead allocations. Total Expenses $349.2 $339.2 ($10.0) Net Loss from Operations $110.5 $123.3 $12.8 Interest Expense, net 5.4 6.3 0.9 Lower interest income due to defeased lease terminations.

Net Loss $115.9 $129.6 $13.7

A - 1.1 Operating Results for the Year Ending September FY11

($ millions)

Year-End Year-End Fav/(Unfav) FY11 Budget (1) to Budget Comments Revenues: Adjusted Ticket Revenue $1,851.5 $1,767.2 $84.3 Primarily the Acela and Northeast Regional, with Long Distance trains up substantially as well. Food & Beverage 109.4 104.8 4.6 Volume related based on increased ridership. State Support 188.4 190.5 (2.1) Reflects higher ticket revenues on State supported services and unsigned contracts. Total Passenger Related 2,149.3 2,062.5 86.8 Other Revenue 565.0 563.6 1.4 Favorable Commercial rents partially offset by lower reimbursable work. Total Revenues $2,714.3 $2,626.1 $88.2 Expenses: Salaries, Wages & Benefits $1,962.8 $1,928.1 ($34.7) Reflects an increase in overtime and an adjustment to accrued OPEBs liability. Train Operations 253.7 269.0 15.3 Lower schedule adherence payments to host railroads partially offset by higher commissary costs. Fuel, Power and Utilities 337.8 332.4 (5.4) Increased net diesel fuel costs partially offset by lower purchased power and utility expenses. Materials 207.9 216.8 8.9 Reflects an adjustment to inventory reserve partially offset by higher component overhauls. Facility & Communications 188.9 177.6 (11.3) Increased data communications costs and project related security initiatives. Advertising and Sales 113.1 115.5 2.4 Lower advertising partially offset by volume related credit card commissions. Casualty and Other Claims 74.3 59.7 (14.6) Increase in accrued FELA liability costs. Depreciation, net 596.1 638.0 41.9 Due to an adjustment to the model used to calculate group depreciation. Other 399.8 318.7 (81.1) Due to an increase in outsourced technology services and project related M of W. Indirect Cost Capitalized to P&E (168.9) (134.6) 34.3 Due to increased overhead transfer rates and capitalization. Total Expenses $3,965.5 $3,921.2 ($44.3) Net Loss from Operations $1,251.2 $1,295.1 $43.9 Interest Expense, net 93.3 79.5 (13.8) Lower interest income partially offset by lower interest expense due to lease terminations. Net Loss $1,344.5 $1,374.6 $30.1 Adjustment (2) (887.0) (812.7) $74.3 Due to the variance in depreciation, project related costs and non-cash OPEBs. Operating Support excluding IG's office Requirement $457.5 Federal Operating Support $561.9 Variance - Fav / (Unfav) $104.4 (1) Reflects final FY11 budget based on appropriation level. (2) Adjustment to exclude Depreciation, Project related costs covered by Capital funding (PRJ), non-cash portion of OPEBs, State Capital Amortization, Net Interest Expense and the Inspector General's office.

A - 1.2 Capital Spending for the Month of September 2011

Capital Spend September September Under/(Over) ($ millions) FY11 Authorized Authorized Comments Engineering $82.8 $18.6 ($64.2) Includes capital spending on ARRA projects with the expiration of ARRA program. - ADA 19.4 0.0 (19.4) Timing of spend versus authorized funds. Mechanical 23.7 18.3 (5.4) Timing of Acela and Superliner overhaul programs. All Else 64.1 38.1 (26.0) Timing of station upgrades, vehicle replacement program and Technology projects. Total $190.0 $75.0 ($115.0)

A - 1.3 Capital Spending for the Year Ending September 2011

Capital Spend Total Authorized Under/(Over) ($ millions) FY11 FY11 Authorized Comments Engineering $470.0 $422.3 ($47.7) Facility and various wood tie and track replacement projects. - ADA 94.6 99.9 5.3 Authorization includes only FY10 funding. Mechanical 199.9 212.6 12.7 Reflects the timing of Superliner, Amfleet and Locomotive overhauls. All Else 250.0 277.9 27.9 Reflects underspend on joint commuter projects and station upgrades. Total $1,014.5 $1,012.7 ($1.8)

Capital Spend ($ millions) Total Authorized Under/(Over) by Fund Source FY11 FY11 Authorized General Capital $704.4 $672.4 ($32.0) Primarily facility and various wood tie and track replacement projects. - ADA 94.6 99.9 5.3 Authorization includes only FY10 funding. All Else 215.5 240.4 24.9 Reflects underspend on joint commuter and host railroad projects. Total $1,014.5 $1,012.7 ($1.8)

A - 1.4 ARRA Program Capital Spending as of September 2011

Capital Spend Forecast Program Program Under/(Over) ($ millions) Total (1) Authorized (1) Authorized Comments Non-Security Engineering $615.2 $607.2 ($8.0) Right of way clearing projects and Chicago Union Station Yard improvement project overspend covered with General Capital funding. Non-Security Mechanical 183.8 187.6 $3.8 Security & Life Safety 460.7 460.2 ($0.5) All Else (2) 63.7 74.2 $10.5 Total $1,323.4 $1,329.2 $5.8

(1) Includes all funding sources. (2) Excludes Inspector General amounts.

Spend for the Month ($M) Spend for the Program to Date ($M) 1,400.0 1,400.0

1,200.0 1,200.0

1,000.0 1,000.0

800.0 800.0

600.0 600.0

400.0 400.0

200.0 200.0

- - Total N-S Eng N-S Mech Security All Else Total N-S Eng N-S Mech Security All Else

Actual Authorized Actual Authorized

A - 1.5

METRICS

Key Performance Indicators For the Month Ended September 30, 2011

Budget Prior Year Actual Budget/Goal Prior Year (1) Fav / (Unfav) (2) Fav / (Unfav) (2)

KPIs RASM - Core Revenue per Seat Mile (a) n/a $0.170 $0.145 n/a n/a CASM - Core Expenses per Seat Mile (b) n/a $0.227 $0.179 n/a n/a Core (NTS) Cost Recovery Ratio (c) n/a 74.7% 80.8% n/a n/a Ridership (000's) 2,389 2,383 2,286 6 103 Passenger Miles per total core employee (000's) (d) n/a 30 30 n/a n/a On-Time Performance (Endpoint) 78.4% 85.0% 82.5% -6.6% -4.1% Customer Satisfaction Index (e) 81 84 79 (3) 2 Host Railroad Performance (f) 1,149 n/a 952 n/a (197)

Other Indicators Seat Miles (000's) 1,027,001 1,012,333 1,050,939 14,667 (23,938) Passenger Miles (000's) 505,975 521,885 495,239 (15,910) 10,736 Train Miles (000's) 3,024 3,123 3,109 (100) (85) Average Load Factor 49.3% 51.6% 47.1% -2.3% 2.1% Core diesel gallons per train mile (g) 2.3 2.3 2.2 0.0 -0.1 Seat Miles per total core employee (000's) (d) n/a 58 63 n/a n/a Customer Injuries 193 n/a 187 n/a (6) Equipment - % of Units out of Service: (h) Locomotive Fleet 15.9% n/a 14.0% n/a -1.9% Passenger Fleet 12.6% n/a 10.8% n/a -1.8% Unadjusted Ticket Revenue ($000's) $152,119 $149,834 $140,955 $2,285 $11,164 Average Ticket Yield $0.3006 $0.2871 $0.2846 $0.0135 $0.0160 Average Ticket Price $63.67 $62.87 $61.65 $0.80 $2.02 Core Revenue per Train Mile (i) n/a $59.95 $53.49 n/a n/a Core Expenses per Train Mile (j) n/a $79.84 $66.41 n/a n/a Total Operating Ratio (k) 1.48 1.57 1.59 0.09 0.11 Total Cost Recovery Ratio (l) 67.6% 63.6% 62.9% 4.0% 4.7% Average cost per gallon of diesel (m) $4.38 $2.51 $1.99 ($1.87) ($2.39)

Notes: (a) This is calculated as NTS Total Core Revenue divided by Available Seat Miles to be consistent with the KPI's. Unavailable due to Financial System Conversion. (b) This is calculated as NTS Total Core Expense less Depreciation and non-cash OPEB's divided by Available Seat Miles. Unavailable due to Financial System Conversion. (c) This is calculated as RASM divided by CASM. Unavailable to Financial System Conversion. (d) Per Employee statistics currently unavailable due to Financial System Conversion. (e) CSI score has a one month lag. (f) Minutes of delay per ten thousand Train Miles. (g) Beginning in February FY11, train gallons include only fuel used on operating routes. (h) As of April FY11, Out of Service statistics are obtained from the WMS system, which may not match prior Monthly Performance Reports. (i) This is calculated as Total Core Revenue divided by Total Train Miles. Unavailable to Financial System Conversion. (j) This is calculated as Total Core Expense less Depreciation and non-cash OPEB's divided by Total Train Miles. Unavailable to Financial System Conversion. (k) This is calculated as Total Operating Expenses by Total Operating Revenue. (l) This is calculated as Total Operating Revenue divided by Total Operating Expenses. (m) This includes net Fuel Hedge. (1) Beginning in FY10, statistics are from the Amtrak Performance Tracking (APT) System, which may not match prior Monthly Performance Reports. (2) Variances may not foot due to rounding.

A - 2.1 Key Performance Indicators Fiscal YTD September 30, 2011

Actual / Prior Year / Budget Prior Year Average * Budget/Goal Average (1)* Fav / (Unfav) (2) Fav / (Unfav) (2)

KPIs RASM - Core Revenue per Seat Mile (a) n/a $0.167 $0.160 n/a n/a CASM - Core Expenses per Seat Mile (b) n/a $0.219 $0.207 n/a n/a Core (NTS) Cost Recovery Ratio (c) n/a 76.3% 77.5% n/a n/a Ridership (000's) 30,187 29,551 28,717 636 1,470 Passenger Miles per total core employee (000's)(d) * n/a 31 31 n/a n/a On-Time Performance (Endpoint) 78.1% 85.0% 79.7% -6.9% -1.6% Customer Satisfaction Index (e) 81 84 82 (3) (1) Host Railroad Performance (f) 13,104 n/a 11,011 n/a (2,093)

Other Indicators Seat Miles (000's) 12,530,314 12,389,136 12,386,295 141,177 144,018 Passenger Miles (000's) 6,532,250 6,477,584 6,332,074 54,666 200,176 Train Miles (000's) 37,046 37,477 37,439 (431) (393) Average Load Factor 52.1% 52.3% 51.1% -0.2% 1.0% Core diesel gallons per train mile (g) * 2.3 2.3 2.3 0.0 0.0 Seat Miles per total core employee (000's) * n/a 59 61 n/a n/a Customer Injuries 1,936 n/a 2,096 n/a 160 Equipment - % of Units out of Service: (h) Locomotive Fleet * 16.0% n/a 14.5% n/a -1.5% Passenger Fleet * 12.3% n/a 11.4% n/a -1.0% Unadjusted Ticket Revenue ($000's) $1,891,680 $1,809,648 $1,742,991 $82,031 $148,689 Average Ticket Yield $0.2896 $0.2794 $0.2753 $0.0102 $0.0143 Average Ticket Price $62.67 $61.24 $60.70 $1.43 $1.97 Core Revenue per Train Mile (i) n/a $60.15 $57.60 n/a n/a Core Expenses per Train Mile (j) n/a $78.42 $72.14 n/a n/a Total Operating Ratio (k) 1.48 1.51 1.50 0.03 0.02 Total Cost Recovery Ratio (l) 67.7% 66.2% 66.8% 1.5% 0.9% Average cost per gallon of diesel (m) $2.76 $2.28 $2.24 ($0.48) ($0.53)

Notes: (a) This is calculated as NTS Total Core Revenue divided by Available Seat Miles to be consistent with the KPI's. Unavailable due to Financial System Conversion. (b) This is calculated as NTS Total Core Expense less Depreciation and non-cash OPEB's divided by Available Seat Miles. Unavailable due to Financial System Conversion. (c) This is calculated as RASM divided by CASM. Unavailable to Financial System Conversion. (d) Per Employee statistics currently unavailable due to Financial System Conversion. (e) CSI score has a one month lag. (f) Minutes of delay per ten thousand Train Miles. (g) Beginning in February FY11, train gallons include only fuel used on operating routes. (h) As of April FY11, Out of Service statistics are obtained from the WMS system, which may not match prior Monthly Performance Reports. (i) This is calculated as Total Core Revenue divided by Total Train Miles. Unavailable to Financial System Conversion. (j) This is calculated as Total Core Expense less Depreciation and non-cash OPEB's divided by Total Train Miles. Unavailable to Financial System Conversion. (k) This is calculated as Total Operating Expenses by Total Operating Revenue. (l) This is calculated as Total Operating Revenue divided by Total Operating Expenses. (m) This includes net Fuel Hedge. (1) Beginning in FY10, statistics are from the Amtrak Performance Tracking (APT) System, which may not match prior Monthly Performance Reports. (2) Variances may not foot due to rounding. * Note: These metrics are reported as the YTD average.

A - 2.2 SUMMARY METRICS as of September, 2011

RASM YTD Locomotives-RASM - Core % Revenue of Units per out Seat of Service Mile (Actuals Unavailable) Actual - FY11 Budget/Goal Prior Year - FY10 YTD - ACTUAL YTD - BUDGET/GOAL YTD - PRIOR YEAR 28% $0.22 $0.18 26% $0.17 $0.20 24% $0.16 22% $0.18 $0.15 20%

$0.16 RASM $0.14 18% Actual figures not yet available % out of service Worse $0.13 16% $0.14

Core Revenue per Seat Mile $0.12 14% 2011.SEP

$0.12 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YTD - ACTUAL 12% Actual - FY11Oct$0.154 Nov $0.158 Dec $0.160 Jan $0.165 Feb $0.163 Mar $0.171 Apr $0.185 May $0.203 Jun Jul Aug Sep YTD - $0.167 FY11 - LocoBudget/Goal14.0% $0.163 14.5% $0.168 13.6% $0.168 16.5% $0.146 16.7% $0.167 16.5% $0.173 16.9% $0.169 18.7% $0.165 14.2% $0.173 17.0% $0.172 17.5% $0.172 15.9% $0.170 BUDGET/GOAL FY10 - LocoPrior Year14.4% - FY10 $0.142 14.1% $0.147 15.3% $0.182 16.1% $0.140 16.1% $0.155 14.9% $0.172 14.7% $0.171 12.3% $0.160 14.2% $0.176 13.9% $0.173 14.6% $0.159 14.0% $0.145 YTD - PRIOR $0.160 YEAR

CASM YTD CASM - Core Expenses per Seat Mile (Actuals Unavailable) Actual - FY11 Budget/Goal Prior Year - FY10 YTD - ACTUAL YTD - BUDGET/GOAL YTD - PRIOR YEAR $0.26 $0.24 $0.23 $0.24 $0.22 $0.21 $0.22 $0.20 CASM $0.19 $0.20 $0.18 Actual figures not yet available $0.17 $0.18 $0.16 $0.15

CASM - Core Expenses per Seat Mile $0.16 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep $0.14 2011.SEP Actual - FY11 $0.197 $0.194 $0.192 $0.215 $0.220 $0.216 $0.222 $0.230 Budget/Goal $0.209 $0.210 $0.224 $0.231 $0.250 $0.221 $0.218 $0.213 $0.215 $0.213 $0.207 $0.227 YTD - ACTUAL Prior Year - FY10 $0.195 $0.196 $0.211 $0.237 $0.250 $0.210 $0.213 $0.202 $0.207 $0.200 $0.193 $0.179 YTD - BUDGET/GOAL $0.219 YTD - PRIOR YEAR $0.207

A - 2.3 SUMMARY METRICS as of September, 2011

YTD Core (NTS) Cost Recovery Ratio (Actuals Unavailable)

Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10 100.0% 100.0% 90.0% 90.0% 80.0% 80.0% 70.0% 70.0%

RASM/CASM Actual figures not yet available Core (NTS) Recovery Ratio Recovery (NTS) Core 60.0% 60.0% 50.0% 2011.SEP 50.0% Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual - FY11 Actual - FY11 78.5% 81.4% 83.4% 76.4% 73.9% 78.9% 83.4% 88.1% Budget/Goal 76.3% Budget/Goal 78.2% 80.0% 74.9% 63.4% 66.8% 78.3% 77.3% 77.6% 80.5% 80.6% 83.0% 74.7% 77.5% Prior Year - FY10 73.2% 74.9% 86.1% 58.8% 61.9% 81.9% 80.3% 79.1% 84.9% 86.6% 82.6% 80.8% Prior Year - FY10

RIDERSHIP (000's) YTD (000's)

Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10

31,000 2,800

29,000 2,600

2,400 27,000

2,200 25,000 # of Riders # of 23,000 # of Riders Riders of # 2,000 Better 1,800 21,000

1,600 19,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2011.SEP Actual - FY11 2,541 2,541 2,504 2,126 2,099 2,611 2,689 2,691 2,672 2,752 2,570 2,389 Actual - FY11 30,187 Budget/Goal 2,502 2,519 2,507 2,115 2,043 2,575 2,458 2,533 2,518 2,681 2,716 2,383 Budget/Goal 29,551 Prior Year - FY10 2,378 2,390 2,395 2,033 1,951 2,474 2,446 2,491 2,566 2,767 2,541 2,286 Prior Year - FY10 28,717

A - 2.4 SUMMARY METRICS as of September, 2011

YTD Average (000's) Passenger Miles per Core employee (000's) (Actuals Unavailable) Actual - FY11 Budget/Goal Actual - FY11 Budget/Goal Prior Year - FY10 FY09 Avg FY08 Avg Prior Year - FY10 FY09 Avg FY08 Avg

45 40

40 Actual figures not yet available 35 35

30 30

25

25 Passenger Miles/Core Employee 20 Avg Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2011.SEP Passenger Miles/Core Employee Actual - FY11 32 31 32 26 25 33 33 34 Actual - FY11 30 30 32 26 25 32 30 31 33 36 36 30 Budget/Goal Budget/Goal 31 Prior Year - FY10 30 29 31 26 23 32 31 32 36 40 35 30 Prior Year - FY10 31 FY09 Avg 29 29 FY08 Avg 32 FY09 Avg FY08 Avg 32

YTD Average (000's) Seat Miles per Core employee (000's) (Actuals Unavailable) Actual - FY11 Prior Year - FY10 Actual - FY11 Prior Year - FY10 FY09 Avg FY08 Avg FY09 Avg FY08 Avg 70 70 65 65 60

60 55 50 55 45 Actual figures not yet available 40 50 Seat Miles/Core Employee Seat Miles/Core Employee 35 2011.SEP 45 Avg Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual - FY11 Actual - FY11 65 64 63 59 53 63 60 62 Prior Year - FY10 61 Prior Year - FY10 62 61 62 59 49 62 60 63 63 65 65 63 60 FY09 Avg 60 FY09 Avg FY08 Avg 61 FY08 Avg 61

A - 2.5 SUMMARY METRICS as of September, 2011

YTD Average Load Factor

Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10

55% 70%

50% 60% Better 45% 50%

40% Passenger Miles/Seat Miles 40% Passenger Miles/Seat Miles

30% 35% Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2011.SEP Actual - FY11 49.1% 48.9% 51.5% 44.1% 47.3% 52.8% 55.1% 54.5% 57.8% 58.4% 56.2% 49.3% Actual - FY11 52.1% Budget/Goal 49.8% 50.4% 52.8% 45.7% 50.6% 53.6% 51.4% 51.1% 55.1% 57.4% 57.0% 51.6% 52.3% Prior Year - FY10 47.4% 47.9% 50.9% 44.3% 47.7% 51.9% 51.1% 51.2% 57.5% 60.7% 54.2% 47.1% Budget/Goal Prior Year - FY10 51.1%

YTD ON TIME PERFORMANCE Actual - FY11 Prior Year - FY10 Actual - FY11 Prior Year - FY10

90% 100%

85% 80%

80% 60%

% Trains on Time Trains % Worse

75% on Time Trains % 40%

70% Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 20% Actual - FY11 80.7% 79.7% 79.7% 79.7% 77.4% 81.9% 82.6% 80.1% 76.5% 72.0% 73.2% 78.4% 2011.SEP Prior Year - FY10 83.2% 83.4% 83.2% 83.0% 82.0% 80.5% 81.2% 80.3% 74.2% 74.4% 78.0% 82.5% Actual - FY11 78.1% Prior Year - FY10 79.7%

A - 2.6 SUMMARY METRICS as of September, 2011

TICKET REVENUE ($000's) YTD ($000's) Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10 $2,000,000

$180,000 $1,950,000

$1,900,000

$160,000 $1,850,000 Better $1,800,000

$140,000 $1,750,000

$1,700,000 Ticket Revenue Ticket Revenue $120,000 $1,650,000

$1,600,000

$100,000 $1,550,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2011.SEP 158,076 160,831 161,718 128,995 127,319 161,143 167,051 170,775 173,934 172,874 156,846 152,119 Actual - FY11 Actual - FY11 $1,891,680 Budget/Goal 148,750 154,134 156,344 125,565 122,600 158,912 150,548 153,457 159,305 165,254 164,944 149,834 Budget/Goal $1,809,648 Prior Year - FY10 138,580 143,382 147,077 118,492 114,426 150,386 149,451 153,373 163,370 171,585 151,915 140,955 Prior Year - FY10 $1,742,991

YTD TICKET YIELD Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10

$0.3100 $0.3200 $0.3100 $0.3000 $0.3000 $0.2900 $0.2900 $0.2800 $0.2800 $0.2700 $0.2700 $0.2600 Ticket Rev/Psgr Mile

Ticket Rev/Psgr Mile $0.2500 $0.2600 Better $0.2400 2011.SEP

$0.2500 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual - FY11 $0.2896 Actual - FY11 $0.2978 $0.3043 $0.2899 $0.2827 $0.2920 $0.2848 $0.2919 $0.2930 $0.2942 $0.2754 $0.2720 $0.3006 Budget/Goal $0.2794 $0.2860 $0.2927 $0.2785 $0.2746 $0.2835 $0.2846 $0.2863 $0.2822 $0.2757 $0.2630 $0.2644 $0.2871 Budget/Goal Prior Year - $0.2753 Prior Year - FY10 $0.2811 $0.2875 $0.2735 $0.2688 $0.2820 $0.2793 $0.2874 $0.2825 $0.2718 $0.2579 $0.2561 $0.2846 FY10

A - 2.7 SUMMARY METRICS as of September, 2011

YTD Gallons per train mile Actual - FY11 Budget/Goal Actual - FY11 Budget/Goal Prior Year - FY10 FY09 Avg FY08 Avg Prior Year - FY10 FY09 FY08

2.5 2.8 2.3 2.6 Worse 2.0 2.4 1.8 Fuel Gallons/Train Mile Gallons/Train Fuel 2.2

Fuel Gallons/Train Mile Gallons/Train Fuel 1.5 2011.SEP

2.0 Avg Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual - FY11 2.3 Actual - FY11 2.2 2.2 2.5 2.2 2.1 2.3 2.3 2.1 2.5 2.3 2.3 2.3 Budget/Goal 2.3 Budget/Goal 2.3 2.2 2.4 2.4 2.5 2.3 2.3 2.3 2.3 2.3 2.2 2.3 Prior Year - FY10 2.3 Prior Year - FY10 2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.2 2.3 2.4 2.3 2.2 FY09 2.2 FY09 Avg 2.2 FY08 2.3 FY08 Avg 2.3

YTD Average Cost per diesel gallon

Actual - FY11 Budget/Goal Prior Year - FY10 Actual - FY11 Budget/Goal Prior Year - FY10

$5.00 $2.80 $4.50 $2.70 $4.00 $2.60 $3.50 $2.50 Worse $3.00 $2.40 $2.50 $2.30

$2.00 Gallons Cost/Fuel Fuel $2.20

Fuel Cost/Fuel Gallons Cost/Fuel Fuel $1.50 $2.10 $1.00 $2.00 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2011.SEP Actual - FY11 $2.66 $2.51 $1.54 $1.63 $1.76 $2.50 $3.07 $3.50 $3.45 $2.84 $3.46 $4.38 Actual - FY11 $2.76 Budget/Goal $2.12 $2.10 $2.09 $2.14 $2.18 $2.20 $2.30 $2.38 $2.45 $2.45 $2.51 $2.51 Budget/Goal $2.28 Prior Year - FY10 $1.56 $1.88 $2.20 $3.10 $1.64 $1.35 $1.47 $4.48 $2.47 $2.19 $2.45 $1.99 Prior Year - FY10 $2.24

A - 2.8

Due to a financial system conversion this data is not yet available.

A - 2.9

RIDERSHIP AND REVENUE

Ticket Revenue and Ridership Summary Report – September 2011

September FY11 Amtrak ridership of 2.39 million trips was +5% vs FY10 and on par with Budget. Ticket revenues of $152.1 million were +8% vs FY10 and +2% vs Budget. FY11 ended as a record-setting year for both ridership and ticket revenues. Ridership of 30.2 million trips (the first time Amtrak ridership exceeded 30 million) was +5% vs FY10 and +2% vs Budget. FY11 ticket revenues of $1.89 billion were +9% vs FY10 and +5% vs Budget.

Amtrak trends rebounded in September despite continued weather and trackwork related issues on several train routes. Overall, trends in September on many routes generally mirrored those for the total fiscal year where sustained high gasoline prices, a somewhat improved economic environment, the appeal and popularity of rail travel, dissatisfaction with air travel, and Wi-Fi service on Acela, contributed to the year’s strong performance. In all, ridership on 38 of the 44 Amtrak train routes finished higher in FY11 than FY10, with 28 of these finishing with their best year ever.

Amtrak September FY11 Ridership and Ticket Revenues (millions) ------Ridership ------Ticket Revenues ------Other Other Total NEC SD LD Total NEC SD LD Sep FY11: 2.39 0.90 1.15 0.34 $152.1 $82.2 $33.0 $36.9 Sep FY10: 2.29 0.85 1.09 0.34 $141.0 $75.2 $29.9 $35.9 Sep FY11 Budget: 2.38 0.90 1.14 0.34 $149.8 $80.1 $31.3 $38.4

% vs FY10: +5% +6% +6% -2% +8% +9% +11% +3% % vs Budget: 0% +1% +1% -2% +2% +3% +5% -4%

September FY11 Amtrak on-time performance was 78%, -5 points vs last September. On-time performance for long distance trains was 64% vs 72% in September FY10. Acela on-time performance in September was 87%, the same as last year. September FY11 gasoline prices averaged $3.67/gallon, +33% vs last September, but generally on par with prices during most of the summer of FY11. The national unemployment stayed the same at 9.1% in September.

Acela September FY11 Acela ridership was +1% vs September FY10 and -7% vs Budget. Ticket revenues were +9% vs September FY10 and +1% vs Budget. First class and business class ridership were +4% and on par with last year respectively. Despite continued high unemployment, September ridership and ticket revenue trends in most Acela markets performed well. Due in part to the addition of Wi-Fi service in FY10, FY11 year-end ridership was +5% vs FY10. By market segment, FY11 ridership was +5% in south of New York markets, +10% in north of New York markets, and -9% in through New York markets…

Acela % Change Ridership Ticket Revenues FY09/10 Budget FY09/10 Budget FY10 +7% +6% +8% +5% 1st quarter FY11 +10% +5% +15% +7% 2nd quarter FY11 +7% +2% +13% +6% 3rd quarter FY11 +4% +8% +12% +13% July FY11 -2% -4% +5% +3% August FY11 -2% -8% +6% -3% September FY11 +1% -7% +9% +1%

A - 3.1

Northeast Regional September FY11 Northeast Regional ridership was +9% vs September FY10 and +5% vs Budget. Ticket revenues were +9% vs September FY10 and +4% vs Budget. Business class and coach class ridership was +7% and +9% vs last year respectively. FY11 year-end ridership was +5% vs FY10. By market segment FY11 ridership vs FY10 was +6% in south of New York markets, +8% in north of New York markets, and -4% in through New York markets. Due in part to low- cost bus competition, ridership trends in some shorter distance markets (NY-Philadelphia and DC-Philadelphia) were on par with or below year ago levels earlier in the year, but picked up during the latter half of FY11…

Northeast Regional % Change Ridership Ticket Revenues FY09/10 Budget FY09/10 Budget FY10 +3% +4% +6% +5% 1st quarter FY11 +1% -2% +8% +3% 2nd quarter FY11 +3% -1% +3% -2% 3rd quarter FY11 +11% +12% +10% +10% July FY11 +7% +9% +6% +7% August FY11 0% -8% +2% -10% September FY11 +9% +5% +9% +4%

State Supported & Other Short Distance Corridors September FY11 ridership on other corridors was +6% vs last year and +1% vs Budget. Ticket revenues were +11% vs last year and +5% vs Budget. Most train routes on this business line performed well in September though some routes including the Vermonter, Lincoln Service, and Albany-Niagara Falls-Toronto continued to be impacted by weather-related cancellations or major trackwork. FY11 year-end ridership on this business line was +7% vs FY10. Ticket revenues ended the year +10% vs FY10…

Short Distance Corridor % Change Ridership Ticket Revenues FY09/10 Budget FY09/10 Budget FY10 +7% +3% +13% +6% 1st quarter FY11 +8% +1% +11% +2% 2nd quarter FY11 +8% +3% +9% +2% 3rd quarter FY11 +8% +7% +13% +10% July FY11 0% +2% +2% +6% August FY11 +4% -4% +5% -5% September FY11 +6% +1% +11% +5%

A - 3.2

Long Distance September FY11 long distance train ridership was -2% vs both last year and Budget. Ticket revenues were +3% vs last year and -4% vs Budget. Due to the continued impact of weather- related cancellations and trackwork, several long distance trains remained below year ago including the California Zephyr, Palmetto, and Empire Builder. However, strong ridership trends continued on other long distance services including the Auto Train, Texas Eagle, and Silver Star. Long distance sleeper ridership in September was -6% vs last year while coach ridership was -5%. FY11 year-end ridership on long distance trains was +1% vs FY10. Long distance ticket revenues finished FY11 +6% vs year ago.

Long Distance % Change Ridership Ticket Revenues FY09/10 Budget FY09/10 Budget FY10 +7% +7% +10% +6% 1st quarter FY11 +6% +2% +14% +7% 2nd quarter FY11 +4% +1% +10% +4% 3rd quarter FY11 +1% +2% +5% +9% July FY11 -11% 0% -7% +3% August FY11 -5% -5% 0% -2% September FY11 -2% -2% +3% -4%

A - 3.3 Confidential/Proprietary/Deliberative Process Materials September FY11

Ridership Ticket Revenue % change vs. % change vs. NEC Spine FY11 FY10 Budget FY10 Budget FY11 FY10 Budget FY10 Budget 1 - Acela 277,331 275,121 299,305 +0.8 -7.3 $42,070,045 $38,477,415 $41,599,740 +9.3 +1.1 5 - Northeast Regional 626,038 576,321 597,750 +8.6 +4.7 $39,978,657 $36,540,425 $38,529,321 +9.4 +3.8 99 - Special Trains 620 930 0 -33.3 - $163,220 $158,854 $0 +2.7 - Subtotal 903,989 852,372 897,055 +6.1 +0.8 $82,211,922 $75,176,694 $80,129,061 +9.4 +2.6

State Supported and Other Short Distance Corridors 3 - Ethan Allen 3,468 3,175 3,798 +9.2 -8.7 $179,903 $160,182 $181,893 +12.3 -1.1 4 - Vermonter 3,089 6,175 5,586 -50.0 -44.7 $81,745 $324,741 $312,476 -74.8 -73.8 7 - Albany-Niagara Falls-Toronto 24,495 29,006 28,391 -15.6 -13.7 $1,460,673 $1,541,100 $1,619,963 -5.2 -9.8 9 - Downeaster 44,615 40,823 44,269 +9.3 +0.8 $599,756 $567,378 $649,241 +5.7 -7.6 12 - New Haven-Springfield 30,585 27,469 26,059 +11.3 +17.4 $879,355 $742,679 $738,970 +18.4 +19.0 14 - Keystone 106,346 103,317 108,660 +2.9 -2.1 $2,250,343 $2,141,959 $2,273,841 +5.1 -1.0 15 - Empire (NYP-ALB) 80,996 78,408 84,920 +3.3 -4.6 $3,259,441 $2,930,210 $3,256,383 +11.2 +0.1 20 - Chicago-St. Louis (Lincoln Service) 46,031 45,898 42,201 +0.3 +9.1 $1,081,646 $902,742 $929,209 +19.8 +16.4 21 - Hiawatha 64,911 63,972 65,810 +1.5 -1.4 $1,231,871 $1,158,849 $1,256,348 +6.3 -1.9 22 - Wolverine 30,888 38,081 38,403 -18.9 -19.6 $1,084,673 $1,284,960 $1,243,103 -15.6 -12.7 23 - Chicago-Carbondale (Illini/Saluki) 23,898 22,025 26,319 +8.5 -9.2 $683,081 $634,783 $738,925 +7.6 -7.6 24 - Chicago-Quincy (IL Zephyr/Carl Sandburg) 18,197 16,177 17,642 +12.5 +3.1 $458,867 $410,771 $421,507 +11.7 +8.9 29 - Heartland Flyer 6,003 5,131 4,924 +17.0 +21.9 $141,610 $118,536 $115,403 +19.5 +22.7 35 - Pacific Surfliner 210,528 200,306 210,779 +5.1 -0.1 $4,581,123 $3,808,993 $3,891,258 +20.3 +17.7 36 - Cascades 73,714 68,742 80,283 +7.2 -8.2 $2,725,193 $2,468,230 $2,346,463 +10.4 +16.1 37 - Capitol Corridor 145,894 131,749 138,882 +10.7 +5.0 $2,194,480 $1,874,946 $2,248,406 +17.0 -2.4 39 - San Joaquin 85,736 71,915 76,938 +19.2 +11.4 $2,905,093 $2,444,878 $2,619,463 +18.8 +10.9 40 - Adirondack 10,090 9,718 10,281 +3.8 -1.9 $510,374 $493,416 $551,478 +3.4 -7.5 41 - Blue Water 13,169 12,163 11,572 +8.3 +13.8 $386,510 $335,110 $336,223 +15.3 +15.0 46 - Washington-Lynchburg 12,745 9,690 8,278 +31.5 +54.0 $727,868 $541,095 $491,636 +34.5 +48.1 47 - Washington-Newport News 39,568 34,278 37,566 +15.4 +5.3 $1,927,626 $1,706,917 $1,959,632 +12.9 -1.6 54 - Hoosier State 2,325 2,318 3,356 +0.3 -30.7 $50,091 $55,508 $72,498 -9.8 -30.9 56 - Kansas City-St. Louis (MO River Runner) 14,150 13,038 12,192 +8.5 +16.1 $378,627 $317,124 $285,913 +19.4 +32.4 57 - Pennsylvanian 14,319 14,548 18,021 -1.6 -20.5 $588,412 $560,524 $661,271 +5.0 -11.0 65 - Pere Marquette 7,222 7,089 9,454 +1.9 -23.6 $212,242 $201,710 $250,761 +5.2 -15.4 66 - Carolinian 22,752 22,387 18,085 +1.6 +25.8 $1,296,146 $1,179,600 $964,640 +9.9 +34.4 67 - Piedmont 12,129 11,022 9,969 +10.0 +21.7 $233,264 $185,748 $171,379 +25.6 +36.1 74-81 - Buses - - - - - $838,398 $678,571 $758,691 +23.6 +10.5 96 - Special Trains 1,340 900 0 +48.9 - $100,300 $105,830 $0 -5.2 - Subtotal 1,149,203 1,089,520 1,142,638 +5.5 +0.6 $33,048,710 $29,877,089 $31,346,972 +10.6 +5.4

Long Distance 16 - Silver Star 31,210 29,218 27,740 +6.8 +12.5 $2,261,916 $1,972,746 $1,982,678 +14.7 +14.1 18 - Cardinal 8,863 8,767 10,252 +1.1 -13.5 $552,777 $524,888 $631,854 +5.3 -12.5 19 - Silver Meteor 26,751 26,001 24,954 +2.9 +7.2 $2,606,645 $2,351,577 $2,512,102 +10.8 +3.8 25 - Empire Builder 40,710 42,208 50,881 -3.5 -20.0 $6,380,882 $5,845,902 $7,054,178 +9.2 -9.5 26 - Capitol Ltd. 18,876 17,930 20,122 +5.3 -6.2 $1,722,964 $1,543,248 $1,823,304 +11.6 -5.5 27 - California Zephyr 19,143 30,679 34,378 -37.6 -44.3 $2,354,410 $4,104,807 $4,922,412 -42.6 -52.2 28 - Southwest Chief 30,130 27,606 28,998 +9.1 +3.9 $3,884,669 $3,469,398 $3,996,360 +12.0 -2.8 30 - City of New Orleans 18,337 18,423 11,380 -0.5 +61.1 $1,309,128 $1,278,780 $873,727 +2.4 +49.8 32 - Texas Eagle 22,320 19,990 17,105 +11.7 +30.5 $1,794,065 $1,645,197 $1,460,252 +9.0 +22.9 33 - Sunset Ltd. 6,941 6,719 4,817 +3.3 +44.1 $761,758 $740,905 $530,655 +2.8 +43.6 34 - Coast Starlight 35,741 35,894 36,464 -0.4 -2.0 $3,627,263 $3,316,408 $3,366,753 +9.4 +7.7 45 - Lake Shore Ltd. 27,515 28,820 32,312 -4.5 -14.8 $2,230,407 $2,317,102 $2,497,707 -3.7 -10.7 48 - Palmetto 10,326 13,932 8,784 -25.9 +17.6 $840,832 $1,080,289 $703,382 -22.2 +19.5 52 - Crescent 22,156 23,045 21,146 -3.9 +4.8 $2,253,469 $2,166,535 $2,048,580 +4.0 +10.0 63 - Auto Train 16,968 15,091 14,126 +12.4 +20.1 $4,277,010 $3,543,358 $3,953,862 +20.7 +8.2 Subtotal 335,987 344,323 343,459 -2.4 -2.2 $36,858,194 $35,901,140 $38,357,806 +2.7 -3.9

Amtrak Total 2,389,179 2,286,215 2,383,152 +4.5 +0.3 $152,118,826 $140,954,923 $149,833,839 +7.9 +1.5

A - 3.4 Confidential/Proprietary/Deliberative Process Materials FY11

Ridership Ticket Revenue % change vs. % change vs. NEC Spine FY11 FY10 Budget FY10 Budget FY11 FY10 Budget FY10 Budget 1 - Acela 3,379,126 3,218,718 3,311,947 +5.0 +2.0 $491,654,117 $440,119,294 $460,082,028 +11.7 +6.9 5 - Northeast Regional 7,514,741 7,148,998 7,320,277 +5.1 +2.7 $490,857,865 $458,105,798 $477,291,158 +7.1 +2.8 99 - Special Trains 6,022 7,493 7,880 -19.6 -23.6 $940,573 $908,307 $965,300 +3.6 -2.6 Subtotal 10,899,889 10,375,209 10,640,104 +5.1 +2.4 $983,452,555 $899,133,399 $938,338,486 +9.4 +4.8

State Supported and Other Short Distance Corridors 3 - Ethan Allen 49,448 48,031 53,087 +3.0 -6.9 $2,504,308 $2,398,998 $2,670,057 +4.4 -6.2 4 - Vermonter 77,783 86,245 83,429 -9.8 -6.8 $3,961,115 $4,778,747 $4,687,094 -17.1 -15.5 7 - Albany-Niagara Falls-Toronto 406,286 386,430 384,543 +5.1 +5.7 $23,406,596 $21,797,094 $22,468,109 +7.4 +4.2 9 - Downeaster 519,668 478,463 488,466 +8.6 +6.4 $7,149,257 $6,711,893 $7,205,160 +6.5 -0.8 12 - New Haven-Springfield 380,896 363,458 349,213 +4.8 +9.1 $11,204,575 $10,277,140 $10,179,888 +9.0 +10.1 14 - Keystone 1,342,507 1,296,838 1,304,353 +3.5 +2.9 $29,366,992 $27,731,221 $28,331,522 +5.9 +3.7 15 - Empire (NYP-ALB) 1,023,698 981,241 1,005,599 +4.3 +1.8 $40,077,158 $37,807,261 $40,240,007 +6.0 -0.4 20 - Chicago-St. Louis (Lincoln Service) 549,465 572,424 559,425 -4.0 -1.8 $12,262,325 $13,324,632 $13,607,462 -8.0 -9.9 21 - Hiawatha 819,493 783,060 791,655 +4.7 +3.5 $14,953,873 $14,092,803 $14,731,051 +6.1 +1.5 22 - Wolverine 503,290 479,782 518,059 +4.9 -2.9 $18,769,770 $16,909,193 $18,561,842 +11.0 +1.1 23 - Chicago-Carbondale (Illini/Saluki) 313,027 264,934 315,057 +18.2 -0.6 $8,802,288 $7,674,434 $9,168,356 +14.7 -4.0 24 - Chicago-Quincy (IL Zephyr/Carl Sandburg) 223,936 209,466 212,957 +6.9 +5.2 $5,580,227 $5,045,876 $5,257,596 +10.6 +6.1 29 - Heartland Flyer 84,039 81,749 78,168 +2.8 +7.5 $1,911,994 $1,806,780 $1,779,752 +5.8 +7.4 35 - Pacific Surfliner 2,786,972 2,613,604 2,763,451 +6.6 +0.9 $55,317,127 $49,523,433 $53,723,199 +11.7 +3.0 36 - Cascades 852,269 836,499 908,296 +1.9 -6.2 $30,025,126 $27,564,069 $26,981,271 +8.9 +11.3 37 - Capitol Corridor 1,708,618 1,580,619 1,601,637 +8.1 +6.7 $25,720,252 $22,872,085 $24,777,610 +12.5 +3.8 39 - San Joaquin 1,067,441 977,834 1,036,568 +9.2 +3.0 $35,704,109 $31,341,146 $32,525,753 +13.9 +9.8 40 - Adirondack 125,239 118,673 124,816 +5.5 +0.3 $6,301,649 $6,058,894 $6,555,784 +4.0 -3.9 41 - Blue Water 187,065 157,709 154,675 +18.6 +20.9 $5,797,878 $4,741,560 $4,950,842 +22.3 +17.1 46 - Washington-Lynchburg 162,051 126,072 114,650 +28.5 +41.3 $9,826,802 $7,570,943 $7,134,169 +29.8 +37.7 47 - Washington-Newport News 557,528 468,142 519,782 +19.1 +7.3 $29,682,574 $25,525,588 $29,150,334 +16.3 +1.8 54 - Hoosier State 37,249 33,600 39,826 +10.9 -6.5 $836,057 $796,094 $941,062 +5.0 -11.2 56 - Kansas City-St. Louis (MO River Runner) 186,077 172,554 173,241 +7.8 +7.4 $4,763,442 $4,073,303 $4,252,729 +16.9 +12.0 57 - Pennsylvanian 207,422 203,392 218,485 +2.0 -5.1 $8,856,539 $8,453,934 $9,029,871 +4.8 -1.9 65 - Pere Marquette 106,662 101,907 121,571 +4.7 -12.3 $3,197,106 $2,912,070 $3,529,364 +9.8 -9.4 66 - Carolinian 307,213 308,197 323,709 -0.3 -5.1 $17,720,525 $17,332,708 $17,955,172 +2.2 -1.3 67 - Piedmont 140,016 99,873 124,193 +40.2 +12.7 $2,498,540 $1,556,873 $2,116,495 +60.5 +18.1 74-81 - Buses - - - - - $7,993,876 $6,947,135 $5,798,667 +15.1 +37.9 96 - Special Trains 39,653 36,008 34,892 +10.1 +13.6 $2,772,993 $2,391,643 $2,184,668 +15.9 +26.9 Subtotal 14,765,011 13,866,804 14,403,803 +6.5 +2.5 $426,965,070 $390,017,549 $410,494,885 +9.5 +4.0

Long Distance 16 - Silver Star 424,394 393,586 404,932 +7.8 +4.8 $32,963,894 $29,805,402 $30,273,978 +10.6 +8.9 18 - Cardinal 110,923 107,053 122,419 +3.6 -9.4 $7,097,809 $6,375,560 $7,464,062 +11.3 -4.9 19 - Silver Meteor 373,576 352,286 364,303 +6.0 +2.5 $39,041,195 $35,271,821 $37,228,257 +10.7 +4.9 25 - Empire Builder 469,167 533,493 540,334 -12.1 -13.2 $53,773,711 $58,497,143 $61,361,250 -8.1 -12.4 26 - Capitol Ltd. 226,597 218,956 229,189 +3.5 -1.1 $20,312,544 $18,578,926 $19,163,002 +9.3 +6.0 27 - California Zephyr 355,324 377,876 379,167 -6.0 -6.3 $44,751,539 $43,754,763 $45,709,800 +2.3 -2.1 28 - Southwest Chief 354,912 342,403 329,962 +3.7 +7.6 $44,184,060 $41,604,705 $41,844,638 +6.2 +5.6 30 - City of New Orleans 233,318 229,270 223,720 +1.8 +4.3 $17,743,443 $17,248,582 $17,306,150 +2.9 +2.5 32 - Texas Eagle 299,508 287,164 282,124 +4.3 +6.2 $24,475,309 $22,728,016 $22,635,034 +7.7 +8.1 33 - Sunset Ltd. 99,714 91,684 87,865 +8.8 +13.5 $11,138,286 $9,962,415 $9,392,805 +11.8 +18.6 34 - Coast Starlight 426,584 444,205 456,584 -4.0 -6.6 $39,997,952 $37,404,114 $37,258,792 +6.9 +7.4 45 - Lake Shore Ltd. 387,043 364,460 363,017 +6.2 +6.6 $30,701,576 $27,529,698 $27,060,799 +11.5 +13.5 48 - Palmetto 196,743 189,468 178,121 +3.8 +10.5 $16,438,480 $15,365,992 $14,142,967 +7.0 +16.2 52 - Crescent 304,086 298,688 301,086 +1.8 +1.0 $30,023,636 $28,700,727 $28,909,284 +4.6 +3.9 63 - Auto Train 259,944 244,252 243,859 +6.4 +6.6 $68,618,768 $61,012,324 $61,064,145 +12.5 +12.4 Subtotal 4,521,833 4,474,844 4,506,682 +1.1 +0.3 $481,262,202 $453,840,185 $460,814,965 +6.0 +4.4

Amtrak Total 30,186,733 28,716,857 29,550,589 +5.1 +2.2 $1,891,679,827 $1,742,991,134 $1,809,648,336 +8.5 +4.5

A - 3.5 Confidential/Proprietary/Deliberative Process Materials

Amtrak Long Distance Ridership & Ticket Revenues, FY11 vs FY10 (Sleeper Class Only)

September . . . Ridership Ticket Revenue FY11 FY10 % Chg. FY11 FY10 % Chg. 16 - Silver Star 2,043 1,914 +6.7 $459,201 $425,597 +7.9 18 - Cardinal 481 555 -13.3 $119,785 $127,848 -6.3 19 - Silver Meteor 2,992 2,786 +7.4 $762,213 $718,473 +6.1 25 - Empire Builder 8,170 8,688 -6.0 $3,362,132 $3,078,016 +9.2 26 - Capitol Ltd. 3,410 3,817 -10.7 $745,884 $755,199 -1.2 27 - California Zephyr 3,574 6,329 -43.5 $1,230,056 $2,289,811 -46.3 28 - Southwest Chief 5,599 5,425 +3.2 $1,917,565 $1,781,869 +7.6 30 - City of New Orleans 2,505 2,676 -6.4 $367,529 $377,339 -2.6 32 - Texas Eagle 2,785 2,813 -1.0 $648,214 $685,667 -5.5 33 - Sunset Ltd. 1,278 1,332 -4.1 $356,853 $379,153 -5.9 34 - Coast Starlight 6,866 6,561 +4.6 $1,765,356 $1,589,458 +11.1 45 - Lake Shore Ltd. 2,800 3,250 -13.8 $765,625 $850,108 -9.9 52 - Crescent 2,452 2,741 -10.5 $554,748 $569,160 -2.5 63 - Auto Train 7,282 6,911 +5.4 $1,647,418 $1,445,989 +13.9

Total 52,237 55,798 -6.4 $14,702,578 $15,073,687 -2.5

FY11 . . . Ridership Ticket Revenue FY11 FY10 % Chg. FY11 FY10 % Chg. 16 - Silver Star 29,255 26,920 +8.7 $7,109,079 $6,652,078 +6.9 18 - Cardinal 6,130 6,377 -3.9 $1,367,628 $1,325,979 +3.1 19 - Silver Meteor 41,864 38,982 +7.4 $11,600,365 $10,799,923 +7.4 25 - Empire Builder 73,182 90,809 -19.4 $22,383,367 $24,977,871 -10.4 26 - Capitol Ltd. 46,615 46,489 +0.3 $9,045,246 $8,510,795 +6.3 27 - California Zephyr 66,393 70,554 -5.9 $22,109,661 $21,344,146 +3.6 28 - Southwest Chief 61,937 59,056 +4.9 $19,420,741 $18,354,391 +5.8 30 - City of New Orleans 31,945 31,948 -0.0 $4,732,147 $4,600,774 +2.9 32 - Texas Eagle 36,048 33,953 +6.2 $8,009,219 $7,563,758 +5.9 33 - Sunset Ltd. 18,004 17,599 +2.3 $4,946,635 $4,611,851 +7.3 34 - Coast Starlight 74,797 75,109 -0.4 $17,431,562 $16,152,521 +7.9 45 - Lake Shore Ltd. 35,019 35,782 -2.1 $8,806,327 $8,707,486 +1.1 52 - Crescent 32,616 33,776 -3.4 $6,867,326 $6,537,015 +5.1 63 - Auto Train 110,142 103,702 +6.2 $27,489,717 $24,576,851 +11.9

Total 663,947 671,056 -1.1 $171,319,021 $164,715,438 +4.0

A - 3.6

AACTUAL AANALYSIS TO BBUDGET

Due to a financial system conversion this data is not yet available.

A - 4.1

Due to a financial system conversion this data is not yet available.

A - 4.8

Due to a financial system conversion this data is not yet available.

A - 4.10 CHIEF MECHANICAL OFFICER FY11 PRODUCTION REPORT

Variance % Variance % YTD Plan YTD Actuals YTD Actuals YTD Actuals YTD Actuals to PROJECT # PROJECT NAME FY11 Plan Plan SEP Actuals SEP through SEP through SEP to Plan YTD to Plan YTD FY11 Plan Units Completed - September Comments 29117423 Amfleet II Coach Overhaul Level 3 300 3 3 0 100% 100% These units were removed from the FY11 schedule and moved to the FY12 schedule due to additional work required. This was a planned 20047440 Amfleet II Coach Overhaul Level 1 30 2 4 30 26 (4) 87% 87% 25032, 25095, 25067, 25024 schedule change in early FY11. 29117440 Amfleet II Coach Overhaul Level 1 100 1 1 0 100% 100% 29117401 Amfleet II Diner Overhaul Level 2 100 1 1 0 100% 100% 20117405 Amfleet II Diner Overhaul Level 1 710 7 7 0 100% 100% 20082564 Amfleet I Coach Overhaul Level 1 80 10 7 80 80 0 100% 100% 82732, 82696, 82689, 81503, 82699, 82679, 82706 29112564 Amfleet I Coach Overhaul Level 1 800 8 8 0 100% 100%

20077405 Amfleet I Café/Club Overhaul Level 2 12 0 2 12 12 0 100% 100% 48167, 48191 20097417 Cab Car Overhaul 711 7 7 0 100% 100% 9634 CAPITAL TOTAL BEAR 149 14 14 149 145 (4) 97% 97% Bear Stimulus 29110052 Return To Service Amfleet Cars 23 0 3 23 23 0 100% 100% 48220/82981, 21095/82802, 20045/82979

20037429 Superliner I Sleeper Overhaul - Level 3 610 6 0 (6) 0% 0% SL I Sleeper Overhaul Level 3 moved to FY12.

20037434 Superliner II Sleeper Overhaul 100 1 1 0 100% 100% 29117435 Superliner II Lounge Overhaul 100 1 1 0 100% 100% 20037436 Superliner II Coach Overhaul 14 0 0 14 14 0 100% 100% 20037437 Superliner II Diner Overhaul 100 1 1 0 100% 100% 20037438 Superliner II Trans Sleeper Dorm Overhaul 10 0 0 10 10 0 100% 100% 20057418 Superliner I Lounge Overhaul 400 4 4 0 100% 100% 29117418 Superliner I Lounge Overhaul 300 3 3 0 100% 100% 20057422 Superliner I Coach Overhaul 37 3 6 37 37 0 100% 100% 34044, 34035, 31044, 31033, 34066, 31020 29167417 Superliner I Diner Overhaul 300 3 3 0 100% 100% 20079876 Superliner I Diner/Lounge Overhaul 800 8 8 0 100% 100% 20097405 Horizon Coach Overhaul - Level 2 25 2 5 25 24 (1) 96% 96% 54580, 54535, 54555, 54543, 54522 Unit 54500 awaiting delivery of a DC inverter for waste indicator. Revised plan was reduced to 3 Horizon Café units as they were not 20097407 Horizon Café Overhaul 512 5 3 (2) 60% 60% 53511, 58000 needed in fleet. 20097410 Surfliner Cab Car Overhaul 200 2 2 0 100% 100% 20097413 Surfliner Custom Coach Overhaul 100 1 1 0 100% 100% 20097404 Surfliner Coach Overhaul 612 6 6 0 100% 100% 6405, 6409 20097414 Surfliner Cafe Overhaul 200 2 2 0 100% 100% 20067411 Viewliner Sleeper - Overhaul 12 1 1 12 12 0 100% 100% 62035 20037428 Baggage Car Overhaul 10 0 1 10 12 2 120% 120% 1857 Exceeded plan by 2 cars to alleviate schedule conflicts in FY12.

29117400 F-40 Cab/Baggage Overhauls 100 1 1 0 100% 100% CAPITAL TOTAL BEECH GROVE 152 9 17 152 145 (7) 95% 95% Beech Grove Stimulus 29110043 Return to Service Long Distance Cars 11 0 1 11 11 0 100% 100% 32040 29110074 Return to Service Diesel Locomotives 400 4 4 0 100% 100% TOTAL BEECH GROVE Stimulus 15 0 1 15 15 0 100% 100% 20067402 AEM-7 AC Overhauls 811 8 8 0 100% 100% 938 29117402 AEM-7 AC Overhauls 100 1 1 0 100% 100% 20047419 AEM-7 DC Overhauls 300 3 3 0 100% 100% 29117419 AEM-7 DC Overhauls 100 1 1 0 100% 100% 20057407 HHP-8 Locomotive Overhauls 110 1 1 0 100% 100% 29117407 HHP-8 Locomotive Overhauls 400 4 4 0 100% 100% CAPITAL TOTAL WILMINGTON 18 2 1 18 18 0 100% 100%

20107421 Superliner II Sleeper L-1 200 2 2 0 100% 100% 20097419 Superliner I LoungeL-1 200 2 2 0 100% 100% 20117406 Superliner II Coach Overhaul 401 4 7 3 175% 175% 34118 CAPITAL TOTAL DIVISIONS 801 8 11 3 138% 138% 20067405 Acela Interior Upgrades 100 1 1 0 100% 100% CAPITAL TOTAL HIGH SPEED RAIL 100 1 1 0 100% 100% CAPITAL TOTAL CMO 328 25 33 328 320 (8) 98% 98% CAPITAL TOTAL CMO STIMULUS 38 0 4 38 38 0 100% 100% LCPM (events - not units):

20097421 P-42 Locomotive Paint (Beech Grove) 24 2 3 24 24 0 100% 100% 166, 38, 151

20097421 COT&S (Chicago) 39 5 4 39 37 (2) 95% 95% 42, 194, 204, 193 Locomotives were needed for the operation. 20097421 Air Compressor (Chicago) 23 1 1 23 22 (1) 96% 96% 2 Locomotives were needed for the operation. 20097421 Engine Change (Chicago) 29 3 5 29 30 1 103% 103% 156, 158, 155, 122, 7 20097421 5 Year Truck (Chicago) 39 5 4 39 33 (6) 85% 85% 42, 204, 193, 7 Drop table issues earlier in the year. A - 4.13 CHIEF MECHANICAL OFFICER FY11 PRODUCTION REPORT

Variance % Variance % YTD Plan YTD Actuals YTD Actuals YTD Actuals YTD Actuals to PROJECT # PROJECT NAME FY11 Plan Plan SEP Actuals SEP through SEP through SEP to Plan YTD to Plan YTD FY11 Plan Units Completed - September Comments 20097421 HVAC (Chicago) 39 5 2 39 32 (7) 82% 82% 204, 193 Lack of availablility of HVAC's when needed. 20097421 Injectors (Chicago) 80 8 7 80 64 (16) 80% 80% 11, 93, 195, 193, 114,87, 2 Injector events were on hold for approximately 6 months.

20097421 Radiator Fans (Chicago) 822 8 8 0 100% 100% 190, 122 20097421 Equipment Blowers (Chicago) 000 0 0 0 0% 0%

20097421 Radiator Hatch (Chicago) 22 1 2 22 21 (1) 95% 95% 137, 2 Locomotive was needed for the operation.

20097421 COT&S (Albany) 600 6 1 (5) 17% 17% Coordinating event with truck change outs.

20097421 Air Compressor (Albany) 301 3 5 2 167% 167% 705 Coordinated event with engine change. 20097421 Engine Change (Albany) 611 6 7 1 117% 117% 705 Coordinated event with air compressor. 20097421 10 Year Truck (Albany) 000 0 1 1 0% 0% Coordinating event with COT&S. 20097421 HVAC (Albany) 000 0 1 1 0% 0% Coordinating event with injectors.

20097421 Injectors (Albany) 400 4 3 (1) 75% 75% 20097421 Radiator Fans (Albany) 000 0 0 0 0% 0% 20097421 Equipment Blowers (Albany) 000 0 0 0 0% 0% 20097421 Radiator (Albany) 300 3 3 0 100% 100% LCPM events in the West were not part of the plan at the start of the fiscal year; but were reported as actuals as they were completed under 20097421 Compressor Head (West) 000 0 4 4 0% 0% this project.

20097421 Air Compressor (West) 000 0 5 5 0% 0%

20097421 HEP (West) 001 0 8 8 0% 0% 470

20097421 Injector (West) 000 0 3 3 0% 0%

20097421 Starter Motor (West) 000 0 3 3 0% 0%

20097421 Water Pump (West) 000 0 2 2 0% 0%

20097421 Aux Generator (West) 000 0 1 1 0% 0%

20097421 COT&S (West) 000 0 2 2 0% 0%

20097421 5 Year Truck (West) 000 0 0 0 0% 0% PROJECT TOTAL LCPM 325 33 33 325 320 (5) 98% 98% *Projects with a 29 prefix are funded by Stimulus monies, retroactive to February 2010. ** Financials for Engineering and all other Mechanical projects are not available due to problems with the SAP conversion.

A - 4.14 Engineering Department FY11 Major Production Summary thru Sep-11

FY11 Operation Actual System Total Surfacing (pass miles) 590.1 Wood Ties (each) 46,580 TLMs -Ties (each) 163,464 Holland Welder-(TLMs+RCO+rail gang) (each) 1,372 Field Welding -Division & Production (each) 1,901 Undercutting (track miles) 0.0 SES Track Panels Installed (feet) 8,522 Turnouts - SES (each) 19 Turnouts - DIVs (each) 22 Turnouts - Sys Prod (each) 3 Rail - (TLMs+HBG+Sys+CENTRAL Rail Gangs) (track miles) 25.1 Curve Patch Rail Divs (Track Miles) 0.98 Rail Train-Pick Up (track miles) 28.9 Rail Train- Unload (track miles) 7.7 Slot Machine (miles) - NED+MAD+HBG 0.40 Vac Trains MAD-NED NYD TLS (miles) 64.21 Badger Ditcher (Pass miles) 0.0 Shoulder Cleaner (track miles) 57.7 Rail Grinding (pass miles) 544.0 Switch Grinding (pass miles) 0.0 Switch Grinding (each) 0 Bridge Decks Retimbered (each) 9 Bridge Ties (each) 912 Bridge Converted to Ballast Deck (each) 0 Bridge Converted to Ballast Deck (track feet) 0 Electric Catenary Hardware Renewed (miles) 26.2 ET Transformers (each) 11 ET Breakers (each) 11 Signal Cable Replaced (miles) 5.0 Concrete System Tie Gang Central+NED+NYD+MAD+SES (each) 13,138 Vac Train 3165 (miles) NY Tunnels 0.0 NY Tunnels Install New Track Panels (miles) 0.0

A - 4.15

ACTUAL ANALYSIS TO PRIOR YEAR

National Railroad Passenger Corporation and Subsidiaries (Amtrak) Consolidated Statements of Operations (In Thousands of Dollars)

Preliminary Subject to Audit Twelve Months Ended September 30, 2011 2010 fav / (unfav)

Revenues:

Passenger related ...... $ 2,149,280 $ 1,973,908 175,372 8.9% /a

Commuter ...... 173,395 152,466 20,929 13.7% /b

Other ...... 360,824 358,026 2,798 0.8% /c

State capital payments ...... 30,834 28,984 1,850 6.4% /d

Total revenues ...... 2,714,333 2,513,384 200,949 8.0%

Expenses:

Salaries, wages, and benefits ...... 1,962,761 1,791,650 (171,111) -9.6% /e

Train operations ...... 253,708 262,465 8,757 3.3% /f

Fuel, power, and utilities ...... 337,829 299,683 (38,146) -12.7% /g

Materials ...... 207,954 210,307 2,353 1.1% /h

Facility, communication, and office related ...... 188,858 189,676 818 0.4%

Advertising and sales ...... 113,128 113,745 617 0.5%

Casualty and other claims ...... 74,287 58,113 (16,174) -27.8% /i

Depreciation - net of amortization ...... 596,144 593,120 (3,024) -0.5% /j

Other ...... 399,760 337,286 (62,474) -18.5% /k

Indirect cost capitalized to property and equipment ...... (168,900) (134,265) 34,635 25.8% /l

Total expenses ...... 3,965,529 3,721,780 (243,749) -6.5%

Net loss from continuing operations before

other (income) and expense ...... 1,251,196 1,208,396 (42,800) -3.5%

Other (Income) and Expense:

Interest income ...... (8,538) (34,626) (26,088) -75.3% /m

Interest expense ...... 101,798 135,527 33,729 24.9% /n

Other expense - net ...... 93,260 100,901 7,641 7.6%

Net loss ...... $ 1,344,456 $ 1,309,297 (35,159) -2.7%

Unaudited Consolidated Financial Statements are Subject to Change A - 5.1

September 2011 YTD Consolidated Statement of Operations - Variance Explanations

Revenues:

/a Passenger related revenues were favorable to prior year by $175.4M primarily due to increased ridership and favorable economic conditions versus the same period last year. Net ticket revenues for the Northeast Corridor were up 9%, State/Corridor trains were up 10% and Long Distance trains were up 6%. On a per seat mile basis, system wide net ticket yield increased 1.7¢ to 14.7¢; on a per passenger mile basis net ticket yield increased 2.3¢ to 29.8¢.

/b Commuter revenues were favorable by $20.9M primarily due to increased ridership as well as the resumption of Metrolink service partially offset by reduced VRE commuter revenue.

/c Other revenues were favorable by $2.8M primarily due to increased cost-sharing revenue from various commuter agencies as well as increased freight access fees partially offset by decreased reimbursable revenues.

/d State Capital Payments were favorable by $1.9M primarily due to an increase in state- funded assets being placed into service.

Expenses:

/e Salaries, wages and benefits were unfavorable by $171.1M primarily due to contractual wage increases and increased benefit costs.

/f Train Operations were favorable by $8.8M primarily due to lower host railroad fees partially offset by weather-related locomotive rentals and bus charters as well as volume related increases to F&B costs.

/g Fuel, Power and Utilities were unfavorable by $38.1M primarily due to higher prices for diesel fuel and electric propulsion partially offset by fuel hedging activities.

/h Materials were favorable by $2.4M primarily due to lower Maintenance of way spend as well as inventory reserve adjustments offset by increased component repair and effects of defeased lease retirements in FY10.

/i Casualty and Other Claims were unfavorable by $16.2 primarily due to actuarial revisions to accrued liability.

/j Depreciation, net of amortization was unfavorable by $3.0M, primarily due to amortization adjustments for the retirement of capital and defeased leases.

/k Other expenses were unfavorable by $62.5M primarily due to increased IT hardware management costs as well an increase in passenger inconvenience costs.

A - 5.2 September 2011 YTD Consolidated Statement of Operations - Variance Explanations (cont.)

/l Indirect Capitalized Costs were favorable by $34.6M primarily due to higher capital spend.

/m Interest income decreased $26.1M due to the termination of most defeased leases and lower interest rates on cash balances.

/n Interest expense decreased $33.7M due to lower outstanding balances as well as capital and defeased lease terminations.

A - 5.3 National Railroad Passenger Corporation and Subsidiaries (Amtrak) Consolidated Statements of Cash Flows (In Thousands of Dollars) Twelve Months Ended September 30 2011 2010 Cash Flows From Operating Activities: Net loss ...... $ (1,344,456) $ (1,309,297) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation, net of amortization ...... 596,144 593,120 Gain on disposal of property...... (177) (340) Other ...... (3,815) 2,181 Changes in assets and liabilities: Accounts receivable ...... (68,716) 1,207 Materials and supplies ...... 3,869 (31,069) Prepaid Expenses ...... (1,325) 7,912 Other current assets ...... (1,423) (19,204) Other assets, deposits, and deferred charges ...... (4,054) 22,341 Accounts payable, deferred ticket revenue, and other current liabilities………….. (57,277) 126,238 Deferred state capital payments ...... (30,834) (28,984) Other liabilities and deferred credits ...... 56,150 17,181 Net cash used in operating activities ...... (855,914) (618,714) Cash Flows From Investing Activities: Purchases and refurbishments of property and equipment ...... (1,525,690) (1,299,866) Change in restricted cash and cash equivalents ...... 456,727 (431,756) Proceeds from disposals of property and equipment ...... 6,269 2,752 Net cash used in investing activities ...... (1,062,694) (1,728,870) Cash Flows From Financing Activities: Proceeds from federal paid-in capital ...... 1,929,504 2,385,650 Proceeds from federal and state capital payments ...... 56,978 110,637 Repayments of debt and capital lease obligations ...... (212,036) (169,668) Proceeds from issuance of debt………………………………………………………… 65,226 - Change in cash overdraft...... (39) (42) Net cash provided by financing activities ...... 1,839,633 2,326,577

Net change in cash and cash equivalents ...... (78,975) (21,007) Cash and cash equivalents-beginning of period ...... 205,057 226,064 Cash and cash equivalents-end of period ...... $ 126,082 $ 205,057

Supplemental Disclosure of Cash Payments Interest paid ...... $ 102,629 $ 111,491

Supplemental Disclosure of Noncash Investing and Financing Activities Other non-cash increase in property, includes accruals of amounts due for purchases ...... $ 41,477 $ 20,028 New equipment purchases under capital lease obligations….....….....….....….....….....… $ 952 $ 1,354 Debt and capital lease reduction through use of notes receivable...... $- $ 19,233 Capital lease obligations terminated and restructured: Capital lease obligations reduced through use of notes receivable….....….....….....… $ - $ 665,704 Capital lease obligations reduced through forgiveness of debt….....….....….....….....… $ 1,055 $ - Equipment reduced by Deferred gain on sale-leaseback….....….....….....….....….....… $- $ 126,433

A - 5.4 National Railroad Passenger Corporation and Subsidiaries (Amtrak) Consolidated Balance Sheets (In Thousands of Dollars, Except Share Data)

September 30 September 30 ASSETS 2011 2010 $ Change % Change Current Assets: Cash and cash equivalents ...... $ 126,082 $ 205,057 (78,975) (38.5%) /a Restricted cash and cash equivalents...... 57,944 514,671 (456,727) (88.7%) /a Accounts receivable, net of allowances of $8,556 and $11,977 at September 30, 2011 and 2010, respectively ...... 175,700 108,584 67,116 61.8% /b Materials and supplies - net...... 214,795 213,249 1,546 0.7% /c Prepaid expenses...... 15,426 14,101 1,325 9.4% /d Other current assets ...... 30,900 31,104 (204) (0.7%) /e Total current assets ...... 620,847 1,086,766 (465,919) (42.9%) Property and Equipment: Locomotives ...... 1,447,446 1,420,285 27,161 1.9% Passenger cars and other rolling stock ...... 2,568,792 2,519,845 48,947 1.9% Right-of-way and other properties ...... 9,859,373 8,878,247 981,126 11.1% Construction in progress...... 1,470,671 1,238,884 231,787 18.7% Leasehold improvements ...... 374,216 373,756 460 0.1% Property and equipment, gross ...... 15,720,498 14,431,017 1,289,481 8.9% Less - Accumulated depreciation and amortization ...... (5,633,013) (5,304,176) (328,837) 6.2% Total property and equipment, net ...... 10,087,485 9,126,841 960,644 10.5% /f Other Assets, Deposits, and Deferred Charges: Notes receivable on sale-leasebacks ...... 50,012 48,239 1,773 3.7% /g Deferred charges, deposits and other ...... 308,768 304,535 4,233 1.4% /h Total other assets, deposits, and deferred charges ...... 358,780 352,774 6,006 1.7% Total assets ...... $ 11,067,112 $ 10,566,381 500,731 4.7%

LIABILITIES and CAPITALIZATION Current Liabilities: Accounts payable ...... $ 408,328 $ 427,253 (18,925) (4.4%) /i Accrued expenses and other current liabilities ...... 497,332 505,707 (8,375) (1.7%) /j Deferred ticket revenue ...... 107,952 98,117 9,835 10.0% /k Current maturities of long-term debt and capital lease obligations ...... 191,449 177,773 13,676 7.7% /l Total current liabilities ...... 1,205,061 1,208,850 (3,789) (0.3%) Long-Term Debt and Capital Lease Obligations: Capital lease obligations ...... 1,374,090 1,556,197 (182,107) (11.7%) /m Mortgages ...... 160,500 179,585 (19,085) (10.6%) /n Equipment and other debt ...... 117,481 74,337 43,144 58.0% /o Total long-term debt and capital lease obligations ...... 1,652,071 1,810,119 (158,048) (8.7%) Other Liabilities and Deferred Credits: Deferred federal and state capital payments ...... 890,122 867,977 22,145 2.6% /p Casualty reserves ...... 166,063 150,988 15,075 10.0% /q Deferred gain on sale-leasebacks ...... 57,827 62,601 (4,774) (7.6%) /r Postretirement employee benefits obligation ...... 1,047,585 999,072 48,513 4.9% /s Environmental reserve ...... 57,724 61,164 (3,440) (5.6%) /t Other ...... 56,679 60,676 (3,997) (6.6%) /u Total other liabilities and deferred credits ...... 2,276,000 2,202,478 73,522 3.3% Total liabilities ...... 5,133,132 5,221,447 (88,315) (1.7%)

Commitments and Contingencies Capitalization: Preferred stock - $100 par, 109,396,994 shares authorized, issued and outstanding at September 30, 2011 and 2010 ...... 10,939,699 10,939,699 - 0.0% Common stock - $10 par, 10,000,000 shares authorized, 9,385,694 issued and outstanding at September 30, 2011 and 2010 ...... 93,857 93,857 - 0.0% Debt and other paid-in capital ...... 23,436,543 21,503,041 1,933,502 9.0% /v Accumulated deficit & comprehensive income (loss)...... (28,536,119) (27,191,663) (1,344,456) 4.9% /w Total capitalization ...... 5,933,980 5,344,934 589,046 11.0% Total liabilities and capitalization ...... $ 11,067,112 $ 10,566,381 500,731 4.7%

Unaudited Consolidated Financial Statements are Subject to Change A - 5.5

September 2011 Balance Sheet Variance Explanations:

/a Cash, restricted cash and cash equivalents decreased $535.7M – reflects the timing of FY10 and FY11 appropriations and grants net of cash used for operations, capital investments and debt service during the period.

/b Accounts receivable, net increased $67.1M – due primarily to increased state service receivables partially offset by an increase in allowances for bad debt.

/c Materials and supplies, net increased $1.5M – due to inventory purchases and usage in support of capital and stimulus grant programs.

/d Prepaid expenses increased $1.3M – due to an increase in prepaid insurance and software license agreements.

/e Other current assets decreased $0.2M – due to a decrease in prepaid payroll taxes, non-trade receivables and miscellaneous 3rd party prepayments.

/f Property and equipment, net of accumulated depreciation and amortization increased $960.6M – reflects improvements to property and right of way partially offset by the accumulated depreciation on assets and the disposition of out of service equipment.

/g Escrowed proceeds on sale-leasebacks increased $1.8M – reflects increases in defeased deposits related to the replacement or elimination of certain guarantors of the sale-leaseback of Amfleet/Superliner passenger cars.

/h Deferred charges, deposits and other increased $4.2M – due to an increase in deferred locomotive, environmental and other miscellaneous charges.

/i Accounts payable decreased $18.9M – reflects a decrease in general accounts payable for operations, capital and stimulus grant programs.

/j Accrued expenses and other current liabilities decreased $8.4M – reflects the timing of various vacation, payroll, benefits and capital program accruals.

/k Deferred ticket revenue increased $9.8M - reflects the year over year change in advance ticket sales.

/l Current maturities of long-term debt and lease obligations increased $13.7M – reflects an increase in the current portion of capital lease obligations.

/m Capital lease obligations decreased $182.1M – reflects a reduction of defeased lease payments on leased locomotives and rolling stock due to their replacement or termination.

/n Mortgages decreased $19.1M – reflects principal payments on the Penn Station mortgage.

/o Equipment and other debt increased $43.1M – primarily relates to the purchase of leased P42 locomotives and Superliner cars.

/p Deferred state capital payments increased $22.1M – due to contributions from New Jersey (NJT), New York (LIRR), and Maryland (MARC) for joint benefit projects less amortization.

A - 5.6

September 2011 Balance Sheet Variance Explanations: (continued)

/q Casualty reserves increased $15.1M – reflects the most recent actuarial analysis and calculation of future reserve levels for employee, passenger and other claims.

/r Deferred gain on sale-leasebacks decreased $4.8M – reflects amortization of deferred gain on sale and leaseback transactions for Amfleet and Superliner passenger cars and a reduction for terminated lease transactions.

/s Postretirement employee benefits obligation increased $48.5M – reflects the most recent actuarial analysis reflecting the aging of the workforce and projected increases in future healthcare rates - includes the recent labor settlement.

/t Environmental reserve decreased $3.4M – reflects a decrease in the estimated liability for environmental clean-up projects.

/u Other liabilities decreased $4.0M – primarily reflects changes in miscellaneous revenue.

/v Debt and other paid-in capital increased $1,933.5M – reflects appropriations and grants received over the last 12 months.

/w Accumulated deficit and comprehensive income (loss) increased $1,344.5M – reflects net losses incurred over the last 12 months and other unrealized comprehensive losses relating to the current market value of short-term investments.

A - 5.7

EEGGIISSLLAATTIIVVEE EEPPOORRTT

Status of FY2012 Transportation Appropriations Bill Current to Sept. 22, 2011

House Approvals Senate Approvals Conference Approvals SubComm SubComm Public Law Markup Markup 9/8/11 9/20/11 House Vote Senate Vote ------

Committee Committee House Vote Senate Vote Markup Markup 9/21/11

Background:  The Obama Administration released its Fiscal 2012 appropriations proposals on February 14. The Administration proposes removing all Amtrak funding from general fund appropriations. A total of $4.046 billion is proposed for passenger rail funding, to be drawn from a new Rail Account of a Transportation Trust Fund. Of that, $4.000 billion is for Network Development, to be allocated through a process of competitive funding for high-speed corridors and connecting intercity services. The remaining $4.046 billion is for System Preservation, with three components: National Network Service ($914 million) for Amtrak system operating and capital costs, State of Good Repair & Recapitalization ($150 million) for funding a share of the annualized life-cycle costs of publicly owned infrastructure and equipment (Amtrak now the primary service provider using those assets), and Public Asset Backlog Retirement ($2.982 billion) for eliminating the backlog of rail repairs and upgrades including ADA compliance and obsolete assets.  Amtrak submitted its Fiscal 2012 appropriations request on February 7. The request is $2.212 billion, which includes $616 million for operations, $1.100 billion for general capital, $271 million for debt service, $175 million for ADA needs, and $50 million for NEC Gateway design funds. The Amtrak request is higher than the PRIIA authorized total because PRIIA allowed for an unspecified level of appropriations for Amtrak ADA needs.  The House Appropriations Subcommittee on Transportation and Housing and Urban Development held a hearing on Fiscal 2012 Amtrak funding, on April 7.  The Senate Appropriations Subcommittee on Transportation and Housing and Urban Development held a hearing on Fiscal 2012 Amtrak funding, on May 17.  The House Appropriations Subcommittee on Transportation and Housing and Urban Development marked up its Fiscal 2012 bill on September 8. It contains. $1.126 billion for Amtrak, of which $227 million is for operations, $271 million for debt service, and $628 million for capital. It contains language prohibiting Amtrak from using the operating grant to cover any of the cost of services that otherwise receive state grants.  The House rejected on September 21 H.J.Res.79, the Continuing Appropriations Resolution, 2012, 195-230. It funds most federal programs through November 18 at their Fiscal 2011 levels, less an across-the-board cut of 1.503%. The Amtrak level (annualized) would be $1.461 billion. The House, on a re-vote, approved it on September 23, 219-203.  The Senate Appropriations Subcommittee on Transportation, Housing and Urban Development marked up its Fiscal 2012 bill, S.1596, on September 20. It contains. $1.481 billion for Amtrak, of which $544 million is for operations, $271 million for debt service, $651 million for capital, and $15 million for the Northeast Corridor Gateway Project. The full Appropriations Committee approved it on September 21.

B - 1 Summary and Status of Legislation Impacting Amtrak - 112th Congress

Co- Bill Number Title/Sponsor Summary Legislative Action to Date Sponsors 1/5/2011 Referred to Committee on Requires the Surface Transportation Board Transportation and Infrastructure. to hold public hearings on proposed rail Taking Responsible Action for company mergers that, among other things, H.R.30 Community Safety Act 2 will consider the impact of a merger on Rep. Judy Biggert (R-IL) intercity and commuter passenger rail service.

1/7/2011 Referred to Committee on Expressing the sense of the House of Homeland Security. Representatives that the Transportation Enhanced security of surface Security Administration should, in transportation by the accordance with existing law, enhance H.Res.28 Transportation Security 0 security against terrorist attack and other Administration security threats to our Nation's rail and mass Rep. Sheila Jackson Lee (D-TX) transit systems and other modes of surface transportation 1/18/2011 Referred to Committee on Transportation and Infrastructure and To amend the limitation on liability Retroactively lifts the liability cap for Committee on Judiciary. for certain passenger rail passenger rail accidents caused by gross H.R.304 2 accidents negligence or willful misconduct from $200 Rep. Elton Gallegly (R-CA) million to $275 million.

1/18/2011 Introduced in the House. 1/19/2011 Amended and reported by Committee on Rules (House Report 112-3). Reducing Fiscal 2011 non-security 1/18/2011 Approved by House, 256-165. Reducing non-security spending to fiscal H.Res.38 spending to 2008 levels or less 0 year 2008 levels or less. Rep. David Dreier (R-CA)

1/24/2011 Referred to 14 House Spending Reduction Act of 2011 At Section 501, prohibits funding for Amtrak Committees. H.R.408 32 Rep. Jim Jordan (R-OH) or other intercity passenger rail programs.

1/25/2011 Referred to Committee on Spending Reduction Act of 2011 At Section 501, prohibits funding for Amtrak Finance. S.178 0 Sen. Jim DeMint (R-SC) or other intercity passenger rail programs.

FAA Air Transportation 1/27/2011 Introduced in the Senate. At Section 725, requires the Government Modernization and Safety 2/17/2011 Approved by Senate, 87-8. Accountability Office to perform a study of S.223 Improvement Act 0 airline and rail codeshare arrangements. Sen. John D. Rockefeller, IV (D- House version is H.R.658. WV) 2/10/2011 Referred to Committee on Airports, Highways, High-Speed To strengthen Buy America requirements Transportation and Infrastructure. Rail, Trains, and Transit: Make it applicable to airports, highways, high-speed H.R.613 12 in America Act rail, trains, and transit, and for other Rep. John Garamendi (D-CA) purposes.

2/11/2011 Introduced in the House. Making continuing appropriations for fiscal 2/19/2011 Approved by House, 235-189. Full-Year Continuing year 2011, from the expiration of P.L. 111- See H.R.1473 for further notes. H.R.1 (House) Appropriations Act, 2011 0 322 on March 4, 2011 through September Rep. Harold Rogers (R-KY) 30, 2011. Amtrak would receive $1.413 billion, down from $1.565 billion in FY10.

2/28/2011 Introduced in the House. Making continuing appropriations for fiscal Further Continuing Appropriations 3/1/2011 Approved by House, 335-91. year 2011, including for Amtrak, from the H.J.Res.44 Amendments, 2011 0 3/2/2011 Approved by Senate, 91-9. expiration of P.L. 111-322 on March 4, 2011 Rep. Harold Rogers (R-KY) 3/2/2011 Enacted as P.L.112-4. through March 18, 2011.

3/9/2011 House version considered by Making continuing appropriations for fiscal Senate under unanimous consent and year 2011, through September 30, 2011. Full-Year Continuing rejected, 44-56. The Senate considered (under unanimous H.R.1 (Senate) Appropriations Act, 2011 0 3/9/2011 Inouye substitute considered by consent requiring 60 votes) on March 9 the Sen. Daniel Inouye (D-HI) Senate under unanimous consent and House version with $1.413 billion and a rejected, 42-58. Senate substitute with $1.565 billion. See H.R.1473 for further notes.

B - 2 Summary and Status of Legislation Impacting Amtrak - 112th Congress

3/11/2011 Referred to Committee on Additional Continuing Making continuing appropriations for fiscal Appropriations. Appropriations Amendments, year 2011, including for Amtrak, from the H.J.Res.48 0 3/15/2011 Approved by House, 271-158. 2011 expiration of P.L. 112-4 on March 18, 2011 3/17/2011 Approved by Senate, 87-13. Rep. Harold Rogers (R-KY) through April 8, 2011. 3/18/2011 Enacted as P.L.112-6.

2/11/2011 Introduced in the House. FAA Air Transportation At Section 810, requires the Government 4/1/2011 Approved by House, 223-196. Modernization and Safety Accountability Office to perform a study of H.R.658 24 Improvement Act airline and rail codeshare arrangements. Rep. John L. Mica (R-FL) Senate version is S.223.

4/7/2011 Approved by House, 247-181. Making continuing appropriations for fiscal 4/8/2011 Approved by Senate, by voice Further Continuing Appropriations year 2011, including for Amtrak, from the vote. H.R.1363 Amendments, 2011 0 expiration of P.L. 112-6 on April 8, 2011 4/9/2011 Conference version approved Rep. Harold Rogers (R-KY) through April 15, 2011. by House, 348-70. 4/9/2011 Enacted as P.L.112-8. 4/14/2011 Approved by House, 260-167. Making continuing appropriations for fiscal Full-Year Continuing 4/14/2011 Approved by Senate, 81-19. year 2011, including for Amtrak (at a level of Appropriations Amendments, 4/16/2011 Enacted as P.L.112-10. H.R.1473 0 $1.484 billion), from the expiration of P.L. 2011 112-8 on April 15, 2011 through September Rep. Harold Rogers (R-KY) 30, 2011.

6/16/2011 Referred to the Senate Committee on Commerce, Science and Attaches a federal lien on all transportation Protecting Taxpayers in Transportation. projects that are subject to state or local Transportation Asset Transfers S.1230 0 privatization proposals, when they have Act of 2011 received $25 million or more in federal funds Sen. Richard Durbin (D-IL) and have a value of more than $500 million.

6/15/2011 Draft bill (discussion draft) Requires Amtrak to redeem common stock; released but bill never introduced. transfers Northeast Corridor assets away Competition for Intercity from Amtrak; creates commissions to solicit Passenger Rail in America Act of H.R.XXXX 0 bids to operate NEC services, build NEC 2011 high-speed rail infrastructure, and operate Rep. John Mica (R-FL) short-distance routes; requires US DOT to solicit bids for long-distance operations.

6/24/2011 Referred to House Committees Attaches a federal lien on all transportation on Transportation and Infrastructure and Protecting Taxpayers in projects that are subject to state or local Budget Transportation Asset Transfers H.R.2350 3 privatization proposals, when they have Act of 2011 received $25 million or more in federal funds Rep. Peter DeFazio (D-OR) and have a value of more than $500 million.

7/13/2011 Referred to Senate Committee Amends the Safe, Accountable, Flexible, on Environment and Public Works. Efficient Transportation Equity Act: A Legacy Amending SAFETEA for Users to include freight and passenger S.1352 1 Sen. Kristin Gillibrand (D-NY) rail among eligible uses of funding under the coordinated border infrastructure program and to reauthorize that program.

7/15/2011 Approved by House, 219-196. Making appropriations for energy and water Energy and Water Appropriations, development and related agencies for the H.R.2354 Fiscal 2012 Rep. Rodney P. 0 fiscal year ending September 30, 2012. Title Frelinghuysen (R-NJ) V rescinds unobligated HSIPR funds and dedicates them to flood relief.

7/28/2011 Referred to Senate Committee Transportation and Regional Provides $50 billion in new transportation on Commerce, Science, and Infrastructure Project Bonds Act of S.1436 2 bonding for infrastructure projects, including Transportation. 2011 rail Sen. Ron Wyden (D-OR)

8/5/2011 Referred to House Committee on Rescind all unobligated ARRA Rescinds any unobligated ARRA funds in Appropriations H.R.2811 passenger rail funds 0 the High Speed Intercity Passenger Rail Rep. Austin Scott (R-GA) program

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National Railroad Passenger Corporation Delay Minutes Performance Report - Summary for the Month of September, 2011

Amtrak Delays Host Railroads Delays Top Three Delay Codes Top Three Delay Codes

All Crew related % of delays, delays in Freight Train Passenger Train Other Minutes Total Minutes Total Subtotal Passenger Holds Engine Failures block All Else Subtotal Interference Slow Orders Interference All else of Delay Northeast Corridor Acela 10,463 2.5% 2,153 330 490 207 1,126 6,143 25 492 686 4,940 2,167 Northeast Regionals 33,855 8.2% 10,566 2,345 2,319 531 5,371 17,657 852 2,888 2,973 10,944 5,632 Subtotal Northeast Corridor 44,318 10.8% 12,719 2,675 2,809 738 6,497 23,800 877 3,380 3,659 15,884 7,799

Other Corridor Routes Vermonter 1,762 0.4% 777 49 33 25 670 852 17 94 190 551 133 Downeaster 3,534 0.9% 428 94 109 0 225 3,101 282 2,044 271 504 5 Clocker/Keystone 5,033 1.2% 1,720 237 920 114 449 2,353 8 3 321 2,021 960 Empire 36,768 8.9% 4,102 1,204 587 986 1,325 26,359 3,538 9,670 3,056 10,095 6,307 Hiawatha 4,482 1.1% 1,460 293 19 64 1,084 2,914 623 220 70 2,001 108 Illinois Services 20,760 5.1% 2,002 608 422 224 748 16,340 4,419 2,773 3,936 5,212 2,418 Michigan Services 24,235 5.9% 3,133 613 198 738 1,584 19,842 3,955 6,336 3,312 6,239 1,260 Missouri Services 3,193 0.8% 315 190 18 33 74 2,479 827 550 486 616 399 Heartland Flyer 3,574 0.9% 170 79 0 47 44 3,252 549 2,423 0 280 152 Pacific Surfliner 24,228 5.9% 6,018 1,194 1,358 297 3,169 15,321 705 1,912 5,799 6,905 2,889 Cascades 11,470 2.8% 2,261 353 122 208 1,578 7,581 1,979 1,375 1,523 2,704 1,628 Capitols 10,212 2.5% 1,761 327 286 128 1,020 5,924 665 517 1,668 3,074 2,527 San Joaquins 11,783 2.9% 1,842 400 288 253 901 7,588 1,789 1,296 3,572 931 2,353 Hoosier State 1,771 0.4% 285 9 35 189 52 1,330 659 97 7 567 156 Carolinian 5,166 1.3% 1,416 588 84 161 583 3,089 405 534 740 1,410 661 Pennsylvanian 2,626 0.6% 607 170 116 37 284 1,421 586 129 34 672 598 Piedmont 2,034 0.5% 598 293 20 25 260 919 88 333 124 374 517 Subtotal Other Corridor 172,631 42.0% 28,895 6,701 4,615 3,529 14,050 120,665 21,094 30,306 25,109 44,156 23,071

Long Distance Silver Star 12,979 3.2% 2,766 752 152 611 1,251 6,931 1,568 880 1,479 3,004 3,282 Cardinal 6,758 1.6% 1,751 275 371 249 856 4,298 1,552 809 318 1,619 709 Silver Meteor 9,556 2.3% 2,101 580 299 225 997 5,246 1,585 677 951 2,033 2,209 Empire Builder 22,138 5.4% 6,016 1,617 519 1,233 2,647 14,322 5,056 5,916 1,069 2,281 1,800 Capitol Ltd. 10,142 2.5% 1,832 598 45 505 684 7,029 3,460 804 409 2,356 1,281 California Zephyr 21,463 5.2% 3,147 567 693 1,048 839 16,003 4,916 3,555 1,214 6,318 2,313 Southwest Chief 13,385 3.3% 3,335 1,625 339 254 1,117 7,372 1,439 2,107 734 3,092 2,678 City of New Orleans 9,239 2.2% 1,412 344 275 250 543 6,705 3,258 1,144 1,014 1,289 1,122 Texas Eagle 22,862 5.6% 2,407 920 251 467 769 18,137 8,746 3,548 1,283 4,560 2,318 Sunset Ltd. 12,468 3.0% 1,608 329 82 376 821 9,393 4,156 2,933 374 1,930 1,467 Coast Starlight 14,735 3.6% 3,764 818 482 605 1,859 7,943 1,874 1,376 2,054 2,639 3,028 Lake Shore Ltd. 17,391 4.2% 4,917 1,412 173 414 2,918 11,122 3,651 2,049 1,356 4,066 1,352 Palmetto 3,955 1.0% 802 131 42 122 507 2,139 682 284 567 606 1,014 Crescent 9,215 2.2% 1,824 467 243 370 744 5,073 1,417 1,210 993 1,453 2,318 Auto Train 7,675 1.9% 1,001 50 144 433 374 6,075 1,707 985 995 2,388 599 Subtotal Long Distance 193,961 47.2% 38,683 10,485 4,110 7,162 16,926 127,788 45,067 28,277 14,810 39,634 27,490

Total Minutes of Delay 410,910 100.0% 80,297 19,861 11,534 11,429 37,473 272,253 67,038 61,963 43,578 99,674 58,360 Percentage of Total 19.5% 4.8% 2.8% 2.8% 9.1% 66.3% 16.3% 15.1% 10.6% 24.3% 14.2% E - 1 Total Host-Responsible Delays by Host Railroad

2400

2100

1800

1500 Previous 12 Months (through Sep. 2010) 1200 Most Recent 12 Months (through Sep. 2011) 900 Current Month Last Year (Sep. 2010)

600 Current Month

Minutes of Delay Per 10K Train Miles Per 10K Delay of Minutes This Year (Sep. 2011)

300

0 BNSF CN CP CSX NS UP

E - 2

September 2011 Host Railroad Performance Report 10/11/2011 Delays to Amtrak Trains by Delay Type and Responsible Party (Major Hosts Only - BNSF, CN, CP, CSX, NS, UP) Most Recent Twelve Months - October 2010 through September 2011

350

300

250

200

150

100 Minutes of Delay per 10K Train-Miles

50

0 (SYS) Route (RTE) Route HLD) Police (POL) DBS) Interf. (CTI) Interf. (CCR, ENG) Utilities (UTL) Utilities Service (SVS) Psgr Train Signals (DCS) Freight Trn Freight M of W (DMW) W M of Commuter Trn Commuter Customs (CUI) Weather (WTR) Weather Engine Failure (INJ, ITI, OTH) (INJ, Crew & System All Other Amtrak Other All Interference (FTI) Interference (PTI) Car Failure (CAR) Connection (CON) Connection Trespassers (TRS) Slow Orders (DSR) Drawbridges (MBO) Psgr. Related (ADA, All Other Host (DTR, Host All Other Host Responsible Amtrak Responsible Third Party Responsible

71.3% 22.7% 6.0%

E - 3

September 2011 Host Railroad Performance Report 10/11/2011 MINUTES OF DELAY BY HOST Per 10K Train Miles (Red numbers indicate not meeting standard)

Total Host Responsible Delays Largest Two Delay Categories - Quarter to Date Host Route Miles Current Month Quarter to Date #1 #2 September 2011 Jul. 2011 - Sep. 2011 Jul. 2011 - Sep. 2011 Jul. 2011 - Sep. 2011 PRIIA Section 207 Standard 900 900 Amtrak Blue Water 1,031 1,165 DCS 435 PTI 352 99 Wolverine 991 1,183 PTI 503 DCS 384 99 BBrRR Cardinal 2,176 2,375 DCS 728 DSR 580 132 BNSF California Zephyr 2,032 2,883 FTI 1,524 DSR 749 1,027 Carl Sandburg / Illinois Zephyr 914 1,080 DSR 318 FTI 315 257 Cascades 1,033 1,028 FTI 261 PTI 232 343 Coast Starlight 940 835 RTE 235 FTI 199 186 Empire Builder 895 1,156 DSR 486 FTI 434 2,147 Heartland Flyer 2,626 2,149 DSR 1,658 FTI 225 238 Pacific Surfliner 1,308 1,248 RTE 319 DSR 278 22 San Joaquin 667 736 PTI 334 FTI 169 284 Southwest Chief 518 756 FTI 209 DSR 199 2,198 Sunset Limited 1,104 1,374 DSR 581 FTI 407 190 Texas Eagle 2,347 2,109 DSR 1,102 FTI 536 126 CN Adirondack 3,438 3,428 DSR 1,451 RTE 1,065 49 Blue Water 1,257 1,382 FTI 857 PTI 187 159 City of New Orleans 1,240 1,148 FTI 471 DSR 251 930 Illini / Saluki 1,072 1,118 FTI 424 PTI 193 306 Lincoln Service 3,697 3,070 FTI 1,151 DCS 650 37 Texas Eagle 4,046 2,947 FTI 1,238 DCS 610 37 Wolverine 2,978 2,947 FTI 1,030 RTE 485 27 CP Adirondack 2,809 2,815 DSR 1,332 PTI 637 178 Empire Builder 980 963 FTI 531 DCS 107 384 Ethan Allen Express 3,820 4,116 DSR 2,623 DCS 531 60 Hiawatha 430 457 FTI 183 DCS 141 53 CSX Adirondack 1,638 1,474 PTI 487 DCS 427 89 Auto Train 1,108 1,171 FTI 351 DCS 253 914 Capitol Limited 1,160 1,144 FTI 347 DSR 336 307 Cardinal 1,347 1,085 DCS 352 FTI 312 698 Carolinian 1,461 1,430 DCS 359 DSR 285 295 Ethan Allen Express 1,672 1,434 PTI 534 DSR 336 89 Hoosier State 1,095 1,172 DCS 607 FTI 298 169 Lake Shore Ltd 1,804 1,682 FTI 464 DSR 332 741 Maple Leaf 2,056 2,002 FTI 472 RTE 442 396 New York - Albany** 1,094 696 DSR 267 DCS 221 71 New York - Niagara Falls 1,645 1,499 FTI 374 RTE 339 394 Palmetto 744 845 FTI 270 PTI 214 659 Pere Marquette 927 1,082 DCS 437 DSR 305 135 Richmond / Newport News 1,452 1,374 DSR 405 RTE 232 189 Silver Meteor 660 783 FTI 243 DCS 157 1,152 Silver Star 835 896 DCS 245 FTI 200 1,209 Fla DOT Silver Meteor 1,044 932 CTI 274 DCS 188 68 Silver Star 1,102 1,010 CTI 619 DSR 210 68 MBTA Downeaster 1,429 1,567 DSR 1,232 CTI 229 38 Metra Empire Builder 1,621 1,665 CTI 1,221 DCS 222 29 Hiawatha 1,536 1,744 CTI 969 DCS 360 29 MNRR Acela Express 503 648 CTI 245 DSR 222 56 Adirondack 989 1,068 DSR 435 CTI 377 64 All Other NE Regional 759 849 CTI 468 DSR 217 56 Ethan Allen Express 1,049 1,193 CTI 448 DMW 201 64 Lake Shore Ltd 1,472 1,536 CTI 723 RTE 305 64 Lynchburg 581 875 CTI 307 RTE 244 56 Maple Leaf 768 804 CTI 361 DSR 233 64 New York - Albany** 765 797 CTI 342 DSR 199 64 New York - Niagara Falls 1,080 1,076 CTI 446 DSR 197 64 Richmond / Newport News 473 648 CTI 234 DSR 232 56 Vermonter 793 1,172 CTI 673 DSR 223 56 NECR Vermonter na 3,437 DSR 3,114 FTI 158 238 NMDOT Southwest Chief 969 1,896 CTI 744 DSR 378 80 NS Blue Water 4,516 4,142 RTE 1,040 DSR 953 61 Capitol Limited 1,656 1,607 FTI 810 RTE 290 481 Cardinal 1,556 1,397 PTI 466 CTI 282 79 Carolinian 412 446 PTI 154 DSR 109 202 Crescent 713 767 FTI 226 DSR 205 1,141 Lake Shore Ltd 1,597 1,596 FTI 738 RTE 281 339 Lynchburg 377 485 DCS 126 FTI 98 166 Pennsylvanian 877 896 FTI 376 RTE 208 249 Pere Marquette 3,263 3,871 DCS 1,278 FTI 934 39 Piedmont 442 460 DSR 140 DCS 109 173 Silver Star 683 248 PTI 124 DSR 106 28 Wolverine 3,944 3,607 DSR 1,323 PTI 764 173 PanAm Downeaster 684 1,028 DSR 659 PTI 194 77 SCRRA Coast Starlight 1,691 1,640 CTI 769 PTI 593 48 Pacific Surfliner 1,140 1,099 PTI 493 CTI 325 95 SDNRR Pacific Surfliner 1,428 1,453 CTI 601 PTI 479 60 UP California Zephyr 1,110 1,175 FTI 353 DCS 232 1,431 Capitol Corridor 612 608 PTI 177 RTE 165 168 Cascades 669 833 FTI 409 DSR 157 125 Coast Starlight 921 986 PTI 325 DCS 201 1,159 Lincoln Service 874 1,110 PTI 509 DSR 180 231 Missouri River Runner 725 1,225 FTI 595 DSR 278 271 Pacific Surfliner 794 977 PTI 679 RTE 69 174 San Joaquin 755 748 PTI 325 FTI 164 88 Sunset Limited 1,900 1,617 FTI 783 DSR 414 1,784 Texas Eagle 2,262 2,789 FTI 1,124 DSR 500 1,104 VTR Ethan Allen Express 9,455 7,573 DSR 7,213 FTI 210 24 The numbers included in this document are preliminary and are for informational purposes only. Final data regarding compliance with PRIIA Section 207 standards are published quarterly in the official FRA report. ** Includes only trains that operate solely between New York and Albany Excludes hosts with fewer than 15 route miles. Delays on the Amtrak-owned portion of the Northeast Corridor are shown in a separate report, with tighter delay standards. Northeast Regional: Lynchburg includes all trains between Lynchburg and points on the NEC; Richmond / Newport News includes all trains between Richmond or Newport news and points on the NEC.

E - 4

10/11/2011 September 2011 Host Railroad Performance Report MINUTES OF DELAY BY SERVICE Per 10K Train Miles (Red numbers indicate not meeting standard)

Total Host Responsible Delays Largest Two Delay Categories - Quarter to Date Service Host Route Miles Current Month Quarter to Date Jul. 2011 - Sep. 2011 September 2011 Jul. 2011 - Sep. 2011 #1 #2 PRIIA Section 207 Standard 900 900

Acela Express Acela Express MNRR 503 648 CTI 245 DSR 222 56

All Other NEC Corridor Routes Northeast Regional Richmond / Newport News CSX 1,452 1,374 DSR 405 RTE 232 189 MNRR 473 648 CTI 234 DSR 232 56 Lynchburg MNRR 581 875 CTI 307 RTE 244 56 NS 377 485 DCS 126 FTI 98 166 All Other Northeast Regional MNRR 759 849 CTI 468 DSR 217 56

Non-NEC Corridor Routes Capitol Corridor UP 612 608 PTI 177 RTE 165 168 Carolinian CSX 1,461 1,430 DCS 359 DSR 285 295 NS 412 446 PTI 154 DSR 109 202 Cascades BNSF 1,033 1,028 FTI 261 PTI 232 343 UP 669 833 FTI 409 DSR 157 125 Downeaster MBTA 1,429 1,567 DSR 1,232 CTI 229 38 PanAm 684 1,028 DSR 659 PTI 194 77 Empire Corridor Adirondack CN 3,438 3,428 DSR 1,451 RTE 1,065 49 CP 2,809 2,815 DSR 1,332 PTI 637 178 CSX 1,638 1,474 PTI 487 DCS 427 89 MNRR 989 1,068 DSR 435 CTI 377 64 Ethan Allen Express CP 3,820 4,116 DSR 2,623 DCS 531 60 CSX 1,672 1,434 PTI 534 DSR 336 89 MNRR 1,049 1,193 CTI 448 DMW 201 64 VTR 9,455 7,573 DSR 7,213 FTI 210 24 Maple Leaf CSX 2,056 2,002 FTI 472 RTE 442 396 MNRR 768 804 CTI 361 DSR 233 64 New York - Albany** CSX 1,094 696 DSR 267 DCS 221 71 MNRR 765 797 CTI 342 DSR 199 64 New York - Niagara Falls CSX 1,645 1,499 FTI 374 RTE 339 394 MNRR 1,080 1,076 CTI 446 DSR 197 64 Heartland Flyer BNSF 2,626 2,149 DSR 1,658 FTI 225 238 Hiawatha CP 430 457 FTI 183 DCS 141 53 Metra 1,536 1,744 CTI 969 DCS 360 29 Hoosier State CSX 1,095 1,172 DCS 607 FTI 298 169 Illinois Carl Sandburg / Illinois Zephyr BNSF 914 1,080 DSR 318 FTI 315 257 Illini / Saluki CN 1,072 1,118 FTI 424 PTI 193 306 Lincoln Service CN 3,697 3,070 FTI 1,151 DCS 650 37 UP 874 1,110 PTI 509 DSR 180 231 Michigan Blue Water Amtrak 1,031 1,165 DCS 435 PTI 352 99 CN 1,257 1,382 FTI 857 PTI 187 159 NS 4,516 4,142 RTE 1,040 DSR 953 61 Pere Marquette CSX 927 1,082 DCS 437 DSR 305 135 NS 3,263 3,871 DCS 1,278 FTI 934 39 Wolverine Amtrak 991 1,183 PTI 503 DCS 384 99 CN 2,978 2,947 FTI 1,030 RTE 485 27 NS 3,944 3,607 DSR 1,323 PTI 764 173 Missouri River Runner UP 725 1,225 FTI 595 DSR 278 271 Pacific Surfliner BNSF 1,308 1,248 RTE 319 DSR 278 22 SCRRA 1,140 1,099 PTI 493 CTI 325 95 SDNRR 1,428 1,453 CTI 601 PTI 479 60 UP 794 977 PTI 679 RTE 69 174 Pennsylvanian NS 877 896 FTI 376 RTE 208 249 Piedmont NS 442 460 DSR 140 DCS 109 173 San Joaquin BNSF 667 736 PTI 334 FTI 169 284 UP 755 748 PTI 325 FTI 164 88 Vermonter MNRR 793 1,172 CTI 673 DSR 223 56 NECR na 3,437 DSR 3,114 FTI 158 238

Long-Distance Routes Auto Train CSX 1,108 1,171 FTI 351 DCS 253 914 California Zephyr BNSF 2,032 2,883 FTI 1,524 DSR 749 1,027 UP 1,110 1,175 FTI 353 DCS 232 1,431 Capitol Limited CSX 1,160 1,144 FTI 347 DSR 336 307 NS 1,656 1,607 FTI 810 RTE 290 481 Cardinal BBrRR 2,176 2,375 DCS 728 DSR 580 132 CSX 1,347 1,085 DCS 352 FTI 312 698 NS 1,556 1,397 PTI 466 CTI 282 79 City of New Orleans CN 1,240 1,148 FTI 471 DSR 251 930 Coast Starlight BNSF 940 835 RTE 235 FTI 199 186 SCRRA 1,691 1,640 CTI 769 PTI 593 48 UP 921 986 PTI 325 DCS 201 1,159 Crescent NS 713 767 FTI 226 DSR 205 1,141 Empire Builder BNSF 895 1,156 DSR 486 FTI 434 2,147 CP 980 963 FTI 531 DCS 107 384 Metra 1,621 1,665 CTI 1,221 DCS 222 29 Lake Shore Ltd CSX 1,804 1,682 FTI 464 DSR 332 741 MNRR 1,472 1,536 CTI 723 RTE 305 64 NS 1,597 1,596 FTI 738 RTE 281 339 Palmetto CSX 744 845 FTI 270 PTI 214 659 Silver Meteor CSX 660 783 FTI 243 DCS 157 1,152 Fla DOT 1,044 932 CTI 274 DCS 188 68 Silver Star CSX 835 896 DCS 245 FTI 200 1,209 Fla DOT 1,102 1,010 CTI 619 DSR 210 68 NS 683 248 PTI 124 DSR 106 28 Southwest Chief BNSF 518 756 FTI 209 DSR 199 2,198 NMDOT 969 1,896 CTI 744 DSR 378 80 Sunset Limited BNSF 1,104 1,374 DSR 581 FTI 407 190 UP 1,900 1,617 FTI 783 DSR 414 1,784 Texas Eagle BNSF 2,347 2,109 DSR 1,102 FTI 536 126 CN 4,046 2,947 FTI 1,238 DCS 610 37 UP 2,262 2,789 FTI 1,124 DSR 500 1,104 The numbers included in this document are preliminary and are for informational purposes only. Final data regarding compliance with PRIIA Section 207 standards are published quarterly in the official FRA report. ** Includes only trains that operate solely between New York and Albany Excludes hosts with fewer than 15 route miles. Delays on the Amtrak-owned portion of the Northeast Corridor are shown in a separate report, with tighter delay standards. Northeast Regional: Lynchburg includes all trains between Lynchburg and points on the NEC; Richmond / Newport News includes all trains between Richmond or Newport news and points on the NEC. E - 5

10/11/2011 September 2011 Host Railroad Performance Report Amtrak OFF-NEC Delay Code Definitions

H o s t R a i l r o a d R e s p o n s i b l e D e l a y s* Code Code Description Explanation FTI Freight Train Interference Delays from freight trains PTI Passenger Train Interfere Delays for meeting or following All Other passenger trains CTI Commuter Train Interfere Delays for meeting or following commuter trains DSR Slow Order Delays Temporary slow orders, except heat or cold orders DCS Signal Delays Signal failure or All Other signal delays, wayside defect-detector false-alarms, defective road crossing protection, efficiency tests, drawbridge stuck open DBS Debris Debris strikes RTE Routing Routing-dispatching delays including diversions, late track bulletins, etc. DMW Maintenance of Way Maintenance of Way delays including holds for track repairs or MW foreman to clear DTR Detour Delays from detours

A m t r a k R e s p o n s i b l e D e l a y s* Code Code Description Explanation ADA Passenger Related All delays related to disabled passengers, wheel chair lifts, guide dogs, etc. HLD Passenger Related All delays related to passengers, checked-baggage, large groups, etc. SYS Crew & System Delays related to crews including lateness, lone-engineer delays ENG Locomotive Failure Mechanical failure on engines. CCR Cab Car Failure Mechanical failure on Cab Cars CAR Car Failure Mechanical failure on all types of cars SVS Servicing All switching and servicing delays CON Hold for Connection Holding for connections from All Other trains or buses. ITI Initial Terminal Delay Delay at initial terminal due to late arriving inbound trains causing late release of equipment. INJ Injury Delay Delay due to injured passengers or employees. OTH Miscelaneous Delays Lost-on-run, heavy trains, unable to make normal speed, etc.

T h i r d - P a r t y D e l a y s* Code Code Description Explanation NOD Unused Recovery Time Waiting for scheduled departure time at a station CUI Customs U.S. and Canadian customs delays; Immigration-related delays POL Police-Related Police/fire department holds on right-of-way or on-board trains TRS Trespassers Trespasser incidents including road crossing accidents, trespasser / animal strikes, vehicle stuck on track ahead, bridge strikes MBO Drawbridge Openings Movable bridge openings for marine traffic where no bridge failure is involved WTR Weather-Related All severe-weather delays, landslides or washouts, earthquake- related delays, heat or cold orders 10/11/2011 * These delay codes are applicable to Off-NEC routes only. E - 6 END-POINT ON-TIME PERFORMANCE REPORT SEPTEMBER

SERVICE SEPTEMBER SEPTEMBER FY11 FY10 2011 2010 Change YTD YTD Change

Amtrak System 78.4% 82.5% -4.1% 78.1% 79.7% -1.6%

Amtrak Premium 87.3% 87.2% 0.0% 84.0% 80.6% 3.5% Acela Express 87.3% 87.2% 0.0% 84.0% 80.6% 3.5%

Amtrak Corridor 85.0% 85.5% -0.5% 82.1% 78.8% 3.3% Keystone 87.9% 92.8% -5.0% 88.4% 87.1% 1.3% Northeast Regional 83.6% 81.9% 1.7% 79.1% 74.7% 4.3% Richmond / Newport News 80.4% 78.0% 2.4% 75.7% 65.5% 10.2% Lynchburg 86.7% 83.3% 3.3% 77.6% 75.4% 2.1% All Other Northeast Regional 84.3% 82.6% 1.7% 80.1% 76.6% 3.4%

Short Distance 76.8% 82.5% -5.7% 78.1% 80.9% -2.8% Capitols 93.7% 97.8% -4.2% 94.9% 93.2% 1.7% Carolinian 63.3% 70.0% -6.7% 63.4% 48.9% 14.5% Cascades 77.5% 83.6% -6.1% 70.0% 73.0% -3.0% Downeaster 79.3% 75.7% 3.6% 75.5% 70.8% 4.6% Empire Corridor 66.4% 85.1% -18.7% 76.8% 81.2% -4.4% Adirondack 53.3% 73.3% -20.0% 61.2% 62.2% -1.0% Ethan Allen Express 38.3% 76.7% -38.3% 60.6% 74.8% -14.2% Maple Leaf 48.3% 71.7% -23.3% 57.6% 69.0% -11.4% New York - Albany** 72.8% 90.4% -17.6% 84.5% 86.0% -1.5% New York - Niagara Falls 75.9% 85.0% -9.1% 77.7% 84.5% -6.8% Heartland Flyer 33.3% 60.0% -26.7% 75.1% 81.4% -6.3% Hiawatha 93.2% 91.5% 1.7% 88.3% 89.5% -1.2% Hoosier State 70.6% 61.8% 8.8% 59.8% 74.7% -14.9% Illinois 73.8% 72.3% 1.5% 68.2% 75.0% -6.8% Carl Sandburg / Illinois Zephyr 86.7% 96.7% -10.0% 88.5% 92.8% -4.3% Illini / Saluki 79.2% 67.5% 11.7% 55.0% 62.9% -7.9% Lincoln Service 64.6% 62.5% 2.1% 64.4% 72.2% -7.8% Michigan 26.8% 46.8% -20.0% 33.1% 61.2% -28.1% Blue Water 53.3% 65.0% -11.7% 54.5% 68.8% -14.2% Pere Marquette 52.5% 38.3% 14.2% 51.5% 53.2% -1.7% Wolverine 8.7% 43.7% -35.0% 19.8% 61.3% -41.6% Missouri 90.0% 93.3% -3.3% 85.7% 91.1% -5.4% Pacific Surfliner 72.8% 74.8% -2.0% 77.6% 76.4% 1.2% Pennsylvanian 81.5% 91.7% -10.2% 85.1% 90.1% -5.0% Piedmont 80.8% 89.8% -9.0% 80.2% 79.2% 1.1% San Joaquins 90.3% 92.5% -2.2% 89.5% 90.7% -1.2% Vermonter 81.7% 98.3% -16.7% 78.3% 85.6% -7.3%

Long Distance 64.1% 72.1% -8.0% 63.7% 74.6% -11.0% Auto Train 88.3% 86.7% 1.7% 89.9% 87.0% 2.9% California Zephyr 30.4% 51.7% -21.3% 41.5% 52.6% -11.1% Capitol Limited 48.3% 56.7% -8.3% 49.3% 68.3% -19.0% Cardinal 23.1% 46.2% -23.1% 38.8% 51.1% -12.3% City of New Orleans 81.7% 76.7% 5.0% 76.6% 82.6% -6.1% Coast Starlight 91.7% 90.0% 1.7% 76.3% 89.9% -13.6% Crescent 75.0% 75.0% 0.0% 72.0% 73.0% -1.0% Empire Builder 57.5% 82.5% -25.0% 43.8% 77.8% -34.0% Lake Shore Ltd 43.8% 66.9% -23.2% 55.5% 75.7% -20.3% Palmetto 74.4% 71.7% 2.8% 74.9% 64.2% 10.6% Silver Meteor 76.3% 70.0% 6.3% 76.7% 72.8% 3.9% Silver Star 76.7% 80.0% -3.3% 70.3% 77.5% -7.2% Southwest Chief 76.7% 68.3% 8.3% 73.3% 79.1% -5.9% Sunset Limited 57.7% 80.8% -23.1% 79.9% 87.5% -7.7% Texas Eagle 58.3% 63.3% -5.0% 55.8% 69.6% -13.8% ** Includes only trains that operate solely between New York and Albany

10/11/2011 Issued by the Office of the Vice President, Transportation CR E - 7