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GAO-02-398 Intercity Passenger Rail: Amtrak Needs to Improve Its
United States General Accounting Office Report to the Honorable Ron Wyden GAO U.S. Senate April 2002 INTERCITY PASSENGER RAIL Amtrak Needs to Improve Its Decisionmaking Process for Its Route and Service Proposals GAO-02-398 Contents Letter 1 Results in Brief 2 Background 3 Status of the Growth Strategy 6 Amtrak Overestimated Expected Mail and Express Revenue 7 Amtrak Encountered Substantial Difficulties in Expanding Service Over Freight Railroad Tracks 9 Conclusions 13 Recommendation for Executive Action 13 Agency Comments and Our Evaluation 13 Scope and Methodology 16 Appendix I Financial Performance of Amtrak’s Routes, Fiscal Year 2001 18 Appendix II Amtrak Route Actions, January 1995 Through December 2001 20 Appendix III Planned Route and Service Actions Included in the Network Growth Strategy 22 Appendix IV Amtrak’s Process for Evaluating Route and Service Proposals 23 Amtrak’s Consideration of Operating Revenue and Direct Costs 23 Consideration of Capital Costs and Other Financial Issues 24 Appendix V Market-Based Network Analysis Models Used to Estimate Ridership, Revenues, and Costs 26 Models Used to Estimate Ridership and Revenue 26 Models Used to Estimate Costs 27 Page i GAO-02-398 Amtrak’s Route and Service Decisionmaking Appendix VI Comments from the National Railroad Passenger Corporation 28 GAO’s Evaluation 37 Tables Table 1: Status of Network Growth Strategy Route and Service Actions, as of December 31, 2001 7 Table 2: Operating Profit (Loss), Operating Ratio, and Profit (Loss) per Passenger of Each Amtrak Route, Fiscal Year 2001, Ranked by Profit (Loss) 18 Table 3: Planned Network Growth Strategy Route and Service Actions 22 Figure Figure 1: Amtrak’s Route System, as of December 2001 4 Page ii GAO-02-398 Amtrak’s Route and Service Decisionmaking United States General Accounting Office Washington, DC 20548 April 12, 2002 The Honorable Ron Wyden United States Senate Dear Senator Wyden: The National Railroad Passenger Corporation (Amtrak) is the nation’s intercity passenger rail operator. -
Merchants and the Origins of Capitalism
Merchants and the Origins of Capitalism Sophus A. Reinert Robert Fredona Working Paper 18-021 Merchants and the Origins of Capitalism Sophus A. Reinert Harvard Business School Robert Fredona Harvard Business School Working Paper 18-021 Copyright © 2017 by Sophus A. Reinert and Robert Fredona Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Merchants and the Origins of Capitalism Sophus A. Reinert and Robert Fredona ABSTRACT: N.S.B. Gras, the father of Business History in the United States, argued that the era of mercantile capitalism was defined by the figure of the “sedentary merchant,” who managed his business from home, using correspondence and intermediaries, in contrast to the earlier “traveling merchant,” who accompanied his own goods to trade fairs. Taking this concept as its point of departure, this essay focuses on the predominantly Italian merchants who controlled the long‐distance East‐West trade of the Mediterranean during the Middle Ages and Renaissance. Until the opening of the Atlantic trade, the Mediterranean was Europe’s most important commercial zone and its trade enriched European civilization and its merchants developed the most important premodern mercantile innovations, from maritime insurance contracts and partnership agreements to the bill of exchange and double‐entry bookkeeping. Emerging from literate and numerate cultures, these merchants left behind an abundance of records that allows us to understand how their companies, especially the largest of them, were organized and managed. -
Annual Report for the As a Result of the National Financial Environment, Throughout 2009, US Congress Calendar Year 2009, Pursuant to Section 43 of the Banking Law
O R K Y S T W A E T E N 2009 B T A ANNUAL N N E K M REPORT I N T G R D E P A WWW.BANKING.STATE.NY.US 1-877-BANK NYS One State Street Plaza New York, NY 10004 (212) 709-3500 80 South Swan Street Albany, NY 12210 (518) 473-6160 333 East Washington Street Syracuse, NY 13202 (315) 428-4049 September 15, 2010 To the Honorable David A. Paterson and Members of the Legislature: I hereby submit the New York State Banking Department Annual Report for the As a result of the national financial environment, throughout 2009, US Congress calendar year 2009, pursuant to Section 43 of the Banking Law. debated financial regulatory reform legislation. While the regulatory debate developed on the national stage, the Banking Department forged ahead with In 2009, the New York State Banking Department regulated more than 2,700 developing and implementing new state legislation and regulations to address financial entities providing services in New York State, including both depository the immediate crisis and avoid a similar crisis in the future. and non-depository institutions. The total assets of the depository institutions supervised exceeded $2.2 trillion. State Regulation: During 2009, what began as a subprime mortgage crisis led to a global downturn As one of the first states to identify the mortgage crisis, New York was fast in economic activity, leading to decreased employment, decreased borrowing to act on developing solutions. Building on efforts from 2008, in December and spending, and a general contraction in the financial industry as a whole. -
New Sheriff Brings Cfpb to a Screeching Halt
NEW SHERIFF BRINGS CFPB TO A SCREECHING HALT Contents VOLUME 107 • NO. 2 • FEBRUARY 2018 8 12 16 26 Features Columns 8 Blockchain 101 4 Message from the President Your right and obligation as a citizen 5 questions every bank should ask 6 Chairman’s Forum 12 Practical action plan Welcoming Chris Furlow to TBA Three steps to help banks prepare for CECL 28 Banker to Banker 16 Embracing innovation and change First United Bank opens new training center 134th Annual Convention travels to Houston, May 2-4 29 Your Advocate 26 Community Banker Spotlight New sheriff brings CFPB to a screeching halt Uvalde cattleman rides for the brand 30 Compliance Hotline ‘It’s a Dodd-Frank world, we’re just living in it’ Jim R. Purcell Departments Immediate Past Chair John L. Holt Jr. Community Bankers Council Chair 18 News & Trends Raymond H. Rust III Regional Bankers Council Chair 24 Partner Focus A. Ford Sasser III Government Relations Council Chair 32 Bank People James D. Dreibelbis Gary Claxton Robert W. Hoxworth J. Eric T. Sandberg Jr. Chairman Vice Chair Treasurer TBA President/CEO 34 Marketplace EDITORIAL OFFICES: Olivia Carmichael Solis ADVERTISING: 203 West 10th Street, Editor Tam Nguyen Austin, Texas 78701-2388 Katherine Kolstedt [email protected] 512-472-8388 Art Director Texas Bankers Association fax 512-473-2560 203 West 10th Street www.texasbankers.com Jocelyn Carby Austin, Texas 78701-2388 Associate Editor 512-472-8388 or 800-462-7295 Jamie Tanner www.texasbanking.com/magazine FIND US ON SOCIAL MEDIA Assistant Editor @TEXASBANKERS TEXAS BANKING • FEBRUARY 2018 3 TEXAS BANKERS ASSOCIATION BOARD OF DIRECTORS Darrell W. -
May 22, 2017 Volume 37
MAY 22, 2017 ■■■■■■■■■■■ VOLUME 37 ■■■■■■■■■■ NUMBER 5 A Club in Transition 3 The Semaphore David N. Clinton, Editor-in-Chief CONTRIBUTING EDITORS Southeastern Massachusetts…………………. Paul Cutler, Jr. “The Operator”………………………………… Paul Cutler III Cape Cod News………………………………….Skip Burton Boston Globe Reporter………………………. Brendan Sheehan Boston Herald Reporter……………………… Jim South Wall Street Journal Reporter....………………. Paul Bonanno, Jack Foley Rhode Island News…………………………… Tony Donatelli Empire State News…………………………… Dick Kozlowski Amtrak News……………………………. .. Rick Sutton, Russell Buck “The Chief’s Corner”……………………… . Fred Lockhart PRODUCTION STAFF Publication………………………………… ….. Al Taylor Al Munn Jim Ferris Web Page …………………..…………………… Savery Moore Club Photographer……………………………….Joe Dumas The Semaphore is the monthly (except July) newsletter of the South Shore Model Railway Club & Museum (SSMRC) and any opinions found herein are those of the authors thereof and of the Editors and do not necessarily reflect any policies of this organization. The SSMRC, as a non-profit organization, does not endorse any position. Your comments are welcome! Please address all correspondence regarding this publication to: The Semaphore, 11 Hancock Rd., Hingham, MA 02043. ©2017 E-mail: [email protected] Club phone: 781-740-2000. Web page: www.ssmrc.org VOLUME 37 ■■■■■ NUMBER 5 ■■■■■ MAY 2017 CLUB OFFICERS BILL OF LADING President………………….Jack Foley Vice-President…….. …..Dan Peterson Chief’s Corner ...... …….….4 Treasurer………………....Will Baker A Club in Transition….…..13 Secretary……………….....Dave Clinton Contests ................ ………..4 Chief Engineer……….. .Fred Lockhart Directors……………… ...Bill Garvey (’18) Clinic……………..….…….7 ……………………….. .Bryan Miller (‘18) ……………………… ….Roger St. Peter (’17) Editor’s Notes. ….…....… .13 …………………………...Rick Sutton (‘17) Form 19 Orders .... ………..4 Members .............. ….…....14 Memories ............. .………..5 Potpourri .............. ..……….7 ON THE COVER: The first 25% of our building was Running Extra ..... -
Classic Trains' 2014-2015 Index
INDEX TO VOLUMES 15 and 16 All contents of publications indexed © 2013, 2014, and 2015 by Kalmbach Publishing Co., Waukesha, Wis. CLASSIC TRAINS Spring 2014 through Winter 2015 (8 issues) ALL ABOARD! (1 issue) 876 pages HOW TO USE THIS INDEX: Feature material has been indexed three or more times—once by the title under which it was published, again under the author’s last name, and finally under one or more of the subject categories or railroads. Photographs standing alone are indexed (usually by railroad), but photographs within a feature article are not separately indexed. Brief items are indexed under the appropriate railroad and/or category. Most references to people are indexed under the company with which they are commonly identified; if there is no common identification, they may be indexed under the person’s last name. Items from countries from other than the U.S. and Canada are indexed under the appropriate country name. ABBREVIATIONS: Sp = Spring Classic Trains, Su = Summer Classic Trains, Fa = Fall Classic Trains, Wi = Winter Classic Trains; AA! = All Aboard!; 14 = 2014, 15 = 2015. Albany & Northern: Strange Bedfellows, Wi14 32 A Bridgeboro Boogie, Fa15 60 21st Century Pullman, Classics Today, Su15 76 Abbey, Wallace W., obituary, Su14 9 Alco: Variety in the Valley, Sp14 68 About the BL2, Fa15 35 Catching the Sales Pitchers, Wi15 38 Amtrak’s GG1 That Might Have Been, Su15 28 Adams, Stuart: Finding FAs, Sp14 20 Anderson, Barry: Article by: Alexandria Steam Show, Fa14 36 Article by: Once Upon a Railway, Sp14 32 Algoma Central: Herding the Goats, Wi15 72 Biographical sketch, Sp14 6 Through the Wilderness on an RDC, AA! 50 Biographical sketch, Wi15 6 Adventures With SP Train 51, AA! 98 Tracks of the Black Bear, Fallen Flags Remembered, Wi14 16 Anderson, Richard J. -
HO-Scale #562 in HO-Scale – Page 35 by Thomas Lange Page 35
st 1 Quarter 2021 Volume 11 Number 1 _____________________________ On the Cover of This Issue Table Of Contents Thomas Lange Models a NYC Des-3 Modeling A NYC DES-3 in HO-Scale #562 In HO-Scale – Page 35 By Thomas Lange Page 35 Modeling The Glass Train By Dave J. Ross Page 39 A Small Midwestern Town Along A NYC Branchline By Chuck Beargie Page 44 Upgrading A Walthers Mainline Observation Car Rich Stoving Shares Photos Of His By John Fiscella Page 52 Modeling - Page 78 From Metal to Paper – Blending Buildings on the Water Level Route By Bob Shaw Page 63 Upgrading A Bowser HO-Scale K-11 By Doug Kisala Page70 Kitbashing NYCS Lots 757-S & 766-S Stockcars By Dave Mackay Page 85 Modeling NYC “Bracket Post” Signals in HO-Scale By Steve Lasher Page 89 Celebrating 50 Years as the Primer Railroad Historical Society NYCentral Modeler From the Cab 5 Extra Board 8 What’s New 17 The NYCentral Modeler focuses on providing information NYCSHS RPO 23 about modeling of the railroad in all scales. This issue NYCSHS Models 78 features articles, photos, and reviews of NYC-related Observation Car 100 models and layouts. The objective of the publication is to help members improve their ability to model the New York Central and promote modeling interests. Contact us about doing an article for us. [email protected] NYCentral Modeler 1st Qtr. 2021 2 New York Central System Historical Society The New York Central System Central Headlight, the official Historical Society (NYCSHS) was publication of the NYCSHS. -
Amtrak Train Collision with Maintenance-Of-Way Equipment Chester, Pennsylvania April 3, 2016
Amtrak Train Collision with Maintenance-of-Way Equipment Chester, Pennsylvania April 3, 2016 Accident Report NTSB/RAR-17/02 National PB2018-100263 Transportation Safety Board NTSB/RAR-17/02 PB2018-100263 Notation 57150 Adopted November 14, 2017 Railroad Accident Report Amtrak Train Collision with Maintenance-of-Way Equipment Chester, Pennsylvania April 3, 2016 National Transportation Safety Board 490 L’Enfant Plaza, S.W. Washington, D.C. 20594 National Transportation Safety Board. 2017. Amtrak Train Collision with Maintenance-of-Way Equipment, Chester, Pennsylvania, April 3, 2016. NTSB/RAR-17/02. Washington, DC. Abstract: On April 3, 2016, about 7:50 a.m. eastern daylight time, southbound Amtrak train 89 (train 89) struck a backhoe with a worker inside at milepost 15.7 near Chester, Pennsylvania. The train was authorized to operate on main track 3 (track 3) at the maximum authorized speed of 110 mph. Beginning on the morning of April 1, Amtrak had scheduled track-bed restoration―ballast vacuuming—at milepost 15.7 on track 2 on the Philadelphia to Washington Line. Track 2 had to be taken out of service between control points Baldwin (milepost 11.7) and Hook (milepost 16.8) for the 55 hour duration of the project. As train 89 approached milepost 15.7, the locomotive engineer saw equipment and workers on and near track 3 and initiated an emergency brake application. The train speed was 106 mph before the emergency brake application and 99 mph when it struck the backhoe. Two roadway workers were killed, and 39 other people were injured. Amtrak estimated property damages to be $2.5 million. -
RCED-98-151 Intercity Passenger Rail B-279203
United States General Accounting Office GAO Report to Congressional Committees May 1998 INTERCITY PASSENGER RAIL Financial Performance of Amtrak’s Routes GAO/RCED-98-151 United States General Accounting Office GAO Washington, D.C. 20548 Resources, Community, and Economic Development Division B-279203 May 14, 1998 The Honorable Richard C. Shelby Chairman The Honorable Frank R. Lautenberg Ranking Minority Member Subcommittee on Transportation Committee on Appropriations United States Senate The Honorable Frank R. Wolf Chairman The Honorable Martin Olav Sabo Ranking Minority Member Subcommittee on Transportation and Related Agencies Committee on Appropriations House of Representatives Since it began operations in 1971, the National Railroad Passenger Corporation (Amtrak) has never been profitable and has received about $21 billion in federal subsidies for operating and capital expenses. In December 1994, at the direction of the administration, Amtrak established the goal of eliminating its need for federal operating subsidies by 2002. However, despite efforts to control expenses and improve efficiency, Amtrak has only reduced its annual net loss from $834 million in fiscal year 1994 to $762 million in fiscal year 1997, and it projects that its net loss will grow to $845 million this fiscal year.1 Amtrak remains heavily dependent on substantial federal operating and capital subsidies. Given Amtrak’s continued dependence on federal operating subsidies, the Conference Report to the Department of Transportation and Related Agencies Appropriations Act for Fiscal Year 1998 directed us to examine the financial (1) performance of Amtrak’s current routes, (2) implications for Amtrak of multiyear capital requirements and declining federal operating subsidies, and (3) effect on Amtrak of reforms contained in the Amtrak Reform and Accountability Act of 1997. -
Download This Document
Amtra ~ A Newsletter für Amtrak Emplüyees VOlUME 2-ISSUE 4 FEBRUARY 19, 1973 It probably wasn't true, as one Texan said, that the most exeiting thing to hit the Lone Star State in deeades was the inaugural run of Amtrak's Inter Ameriean on January 27th. But the train eer tainly did draw erowds all along its route. This group jammed the station plat form so tightly at one stop, photographers were forees to climb the train order signal mast to get their pie tu res. (Additional pietures on Pages 4 and 5.) texans welcome amtrak with cheers and crowds A Texas sun glowing with the promise of a benign Commerce officers were on hand to welcome the train January day was rising over Fort Worth as the 164 and its passengers with carefully-worded speeches and passengers began boarding the gleaming, immaculate band music. Five minute stops stretched to 15 minutes train. They were embarki ng on a 474-mile train ride but no o ne seemed to worry. It was an event to be and they were in a holiday mood. For 11 hours, they marked w ith well-rounded phrases and Sousa's best would be rolling south ac ross the vast, mesquite-studded even if it took a few extra minutes. Several times, long, plains of the Lone Star State. For some of the travelers piercing blasts from the engineer were required to get it was going to be one long party. For others, it was the passengers back aboard. One thing nobody wanted going to be a restful, pleasant journey. -
Connecticut Public Transportation Commission Minutes of December 4, 2008
Connecticut Public Transportation Commission Minutes of December 4, 2008 Fourth Floor Conference Room Union Station, New Haven Attendance: Members: Tom Cheeseman, Mort Katz, Russ St. John, Terry Hall, Rich Sunderhauf, Rick Schreiner, Yvonne Loteczka, Chris Adams, Alan Sylvestre, Bill Kelaher, Richard Carpenter. Ex-officio members: Susan Simmat (OPM), Connie Mendolia (DEP), Fred Riese (DEP). ConnDOT staff: Dennis King. Guests: Leo Petry. Chairman Cheeseman opened the meeting at 1:32 PM. Tom announced that today’s scheduled speaker, Michael Krauss, had phoned Tom earlier this afternoon to say that he would be unable to make today’s meeting. Following this, the minutes of the meeting of November 6 were approved as written. Tom mentioned that all Jobs Access and Reverse Commute transportation providers have been asked to submit 5% recission package cuts. For Tom’s system, Middletown Area Transit, this may force him to cut the return trip on the Night Owl run, which will mean that he can get workers to their jobs but not home. The Night Owl service provides 31,000 – 33,000 trips per year. Tom’s other Jobs Access service, the M Link, which connects Middletown and Meriden, provides 36,000 trips per year. His Jobs Access ridership has been growing at 3% per month. Also, the Department of Social Services may not have their Jobs Access contracts ready by December 31, which means providers will receive no money until after the new year begins. Some providers will need to borrow money to cover this interval. Comments from the Public None. Reports from Operating Entities Rick Schreiner said the impacts to Housatonic Area Regional Transit’s Jobs Access program from the 5% recission are not clear yet. -
RUN Spring 2012V3
NEWSLETTER Spring 2012 Vol. 9, Issue 2 RUN Conference Attendees Will Monitor Proposed Federal Actions on Rail Individual By Jack Corbett FY2013 DOT Appropriations of the FY2013 year. Getting Highlights Act. Last week the U.S. Senate these measures conferenced for When RUN’s Regional passed a two-year Surface final Congressional approvals Conference convenes in the Transportation Reauthorization by the House and Senate will be Amtrak Accelerates, NS Nation’s Capital next month Act, 74-22, that continues difficult. (Friday, April 20), many mass transit funding at current Puts on Brakes p. 2 Among the transit and rail attendees will have visited the levels, funded from Federal gas issues RUN conferees will offices of their Congressional tax revenues. The Republican have discussed with their G Train Extension p. 3 delegations and Congressional majority in the House of Congressional offices are the transportation leaders the prior Representatives has had a following: Public-Private day to discuss transportation difficult time developing a Partnerships p. 4 policy issues important to their House bill that can generate the communities and regions. 218 votes needed to pass the 1. Restore Tax Benefits for House, and won’t debate any Deductibility of Mass Transit More on the Southwest Congressional policy on bill for the next few weeks. Costs to Equal Vehicle Parking Chief p. 5 transit and rail funding will be Benefit. The federal income tax completed this year through The FY’2013 DOT provision allowing employees An Open Letter two major legislative vehicles: Appropriations bills—providing to exclude up to $230 of their to Gov.