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Who owns Amtrak?

By Zippia Team - Jul. 28, 2022

The United States federal government owns Amtrak. Amtrak is a federally chartered corporation, with the federal government as the majority stockholder. The Amtrak Board of Directors is appointed by the President of the United States and confirmed by the U.S. Senate. Amtrak is operated as a for-profit company rather than a public authority.

Amtrak was founded in 1971 as a quasi-public company to maintain and operate many United States passenger rail routes. Amtrak gets a mix of state and federal subsidies but is managed as a for-profit corporation. Through the Secretary of Transportation, the U.S. federal government owns all of the company's issued and outstanding preferred stock.

The company provides passenger railroad service for medium and long-distance travel. It provides these services to all of the lower 48 states of the U.S. and nine cities in Canada, serving over 500 destinations in total.

In the 2021 fiscal year, Amtrak had an annual revenue of $2.08 billion, with more than 17,500 employees working at the company. Nearly 87,000 people ride more than 300 Amtrak trains daily.

Who owns Amtrak?

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