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» RAILforum » Passenger Trains » Amtrak » Buddy, Can You Spare A B?

   
Author Topic: Buddy, Can You Spare A B?
Gilbert B Norman
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Buddy, can you spare a B?

The Wall Street Journal reports that Amtrak will seek an additional $1B to do what was almost being done out of the farebox - pay people, buy gas, clean bed linens.

Posts: 9416 | From: Clarendon Hills, IL USA (BNSF Chicago Sub MP 18.71) | Registered: Apr 2002  |  IP: Logged | Report this post to a Moderator
Ocala Mike
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Why not? Everyone else has their hand out. At least, Amtrak didn't do stock buybacks and fellate their CEO.
Posts: 1498 | From: Ocala, FL | Registered: Dec 2006  |  IP: Logged | Report this post to a Moderator
Gilbert B Norman
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The Wall Street Journal reports "Amtrak got its B":
quote:
.Railroads
National passenger railroad Amtrak secured about $1 billion to cover revenue losses related to the coronavirus. The railroad industry won enhanced unemployment benefits that account for its workers not being covered under traditional state-run unemployment programs. Railroad workers instead receive unemployment benefits under a program administered by the Railroad Retirement Board. The bill removes a seven-day waiting period to collect unemployment and provides $50 million to cover the benefits tied to that waiver. It also provides $425 million to double biweekly unemployment payments to $1,200 through July. —Paul Ziobro

From the caption, it appears the industry as a whole only got liberalized RRUI benefits for its displaced employees - nothing when compared with the airlines and Boeing.
Posts: 9416 | From: Clarendon Hills, IL USA (BNSF Chicago Sub MP 18.71) | Registered: Apr 2002  |  IP: Logged | Report this post to a Moderator
   

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