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A new exoskeleton to support workers in railways maintenance and renewal operations
(techxplore.com)
this post was submitted on 23 Jul 2023
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Technology
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“Amtrak is a state-owned enterprise. This means that Amtrak is a for-profit company, but that the federal government owns all its preferred stock.”
“ Yes, your tax dollars (a tiny portion of them, at least) winds up keeping Amtrak trains on the tracks. Amtrak makes a significant portion of its money from ticket sales, but the company could not exist without the help of federal/state subsidies and billions of dollars in grants.
Amtrak typically sees between 1 and 2 billion dollars of federal money come its way each year. That’s roughly equivalent to a few thousandths of the federal government’s budget. If we took a super simple view of our tax bills, we could say that most Americans spend a couple bucks each year to subsidize Amtrak. Obviously, taxes are way more complicated than that, but it’s helpful to think about.
64% of Amtrak’s money comes directly from ticket sales. The rest comes from a combination of other things, most especially subsidies and grants, though investments and other business activities account for significant revenue as well.”
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Cheers :)
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