What is the new contract with Amtrak?

What is the new contract with Amtrak? WASHINGTON, June 5, 2023 – Approximately 550 IAM District 19 Members at Amtrak ratified a new contract after a year and a half of successful negotiations. The seven-year agreement includes significant pay raises, improved benefits, 10 weeks of parental leave, and increased paid leave.

Is Amtrak making money?

It was supposed to become self-supporting after a transition period, but it has never earned a profit and it consumed more than $50 billion in federal subsidies over five decades to 2020. In fiscal year 2021, Amtrak had revenues of $2.1 billion, expenses of $4.1 billion, and a loss of $2.0 billion.

Will Amtrak get new cars?

Not to be left out, the United States' passenger railway line, Amtrak, recently announced that it's planning to replace its existing long-distance train cars with newer iterations, which will be rolled out on 14 overnight routes, including the popular California Zephyr, which connects Chicago and San Francisco; Coast ...

How much money does US government give Amtrak?

In fiscal year 2021, Amtrak had revenues of $2.1 billion, expenses of $4.1 billion, and a loss of $2.0 billion. It had been receiving about $2 billion a year in federal aid but then received $3.7 billion in pandemic-related aid in 2020 and 2021.

Will Amtrak become high speed?

Amtrak plans to make an additional 100 miles of tracks capable of handling bullet trains in the next 12 years. The expansion would enable bullet trains to hit 160 mph in roughly 30 percent of the rail route by 2035, a full decade after they start operating.

What is the Amtrak Union Contract 2023?

WASHINGTON, June 5, 2023 – Approximately 550 IAM District 19 Members at Amtrak ratified a new contract after a year and a half of successful negotiations. The seven-year agreement includes significant pay raises, improved benefits, 10 weeks of parental leave, and increased paid leave.

Will Amtrak shut down if the government shuts down?

The simple answer: your Amtrak trip won't be affected by the government shutdown. As we've seen during previous government shutdowns, Amtrak has enough cash on hand to keep the trains running and workers paid in the near term.

Is Amtrak going electric?

As part of the Amtrak Cascades service, customers can travel between Seattle and Bellingham on a single charge. WASHINGTON – The Washington Department of Transportation (WSDOT) and Amtrak are replacing a diesel-powered bus with an electric vehicle (EV) on the Amtrak Cascades route.

Is Amtrak understaffed?

The staffing shortage plaguing American businesses of all kinds continues to bite down hard at Amtrak, whose leadership acknowledged yesterday during a public Board of Directors meeting in St. Louis that despite their best efforts those shortages are going to keep crimping service for much of 2023.

Why take Amtrak over flying?

Train travel is much simpler, as there is no TSA PreCheck® or CLEAR equivalent for Amtrak. Amtrak trains offer private rooms, more legroom, more space from your fellow passengers, more comfortable seats, and more food & beverage options.

What is the new Amtrak agreement?

The 7-year Agreement was reached after nearly 18 months of negotiations and provided for general wage increases of 28.5% with full retroactivity to 2022 (compounded 32.3% over the term of the Agreement), frozen monthly health and welfare cost sharing portions for employees under the Amplan II plan and monthly cost ...

Why did America abandon rail?

The Great Depression of the 1930s forced some railroad companies into bankruptcy, creating hundreds of miles of disowned and subsequently abandoned railway properties; other railroad companies found incentive to merge or reorganize, during which excess or redundant rights-of-way were abandoned.

Does Amtrak have a future?

In the coming years, Amtrak will invest over $50 billion into modern trains, enhanced stations and facilities, new tunnels and bridges, and other critical infrastructure upgrades. These generational investments mean we're no longer only a passenger rail operator.

Why is Amtrak suddenly so expensive?

Along the eastern corridor, there's a good bit of demand for Amtrak tickets, which pushes those prices up. And that's partly because Amtrak knows being able to travel between cities such as New York and D.C. without the hassle of driving to the airport, going through security, getting on a plane, etc.

Is Amtrak declining?

In fiscal year 2022, Amtrak served 22.9 million passengers. That figure was down ten million from 2019 when 33 million people rode Amtrak, a 30% decline.