The National Railroad Passenger Corporation, doing business as Amtrak , is a government-owned corporation that was organized on May 1, 1971 to provide intercity passenger train service in the United States.All of Amtrak's preferred stock is owned by the U.S. federal government. The members of its board of directors are appointed by the President of the United States and are subject to confirmation by the United States Senate. Common stock was issued in 1971 to railroads that contributed capital and equipment; these shares convey almost no benefits The Past and Future of U.S. Passenger Rail Service, sec. 4 n.21 (Sept. 2003). but their current holders declined a 2002 buy-out offer by Amtrak. Frank N. Wilner, United Transportation Union newsletter.Amtrak employs nearly 19,000 people. It operates passenger service on of track primarily owned by freight railroads connecting 500 destinations in 46 states. Amtrak Fact Sheet. Some routes serve Canada. In fiscal year 2008, Amtrak served 28.7&n
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