Login
or
Register
Home
»
Trains Magazine
»
Forums
»
Passenger
»
Washington Union Station
Edit post
Edit your reply below.
Post Body
Enter your post below.
<p>[quote user="Deggesty"]</p> <p>Was any of the large stations profitable to the railroads that owned them? [/quote]</p> <p>Good question! </p> <p>Unfortunately, getting the information would be challenging. Many of the investor owned railroads, when they were in the rail passenger business, probably treated their stations as cost centers. They probably knew how much it cost them to build and operate the station as well as the revenues they took in from a variety of station activities, i.e. vendors, food service, parking, etc. However, they probably buried the results in their consolidated financial statements, thereby making it very difficult for an outsider to isolate the financial results for 'a station'. </p> <p>An answer to your question might be obtainable from the corporate librarian of one of the surviving railroad companies, i.e. Union Pacific, Norfolk and Southern, etc. It might also be obtainable from one of the libraries with a large collection of railroad documents (Stanford, University of Pennsylvania, etc.). Lastly, one of the prominent railroad historians (Murray Klein) might have an answer. </p> <p>Amtrak has three wholly owned subsidiaries: Chicago Union Station Company, Passenger Railroad Insurance Limited, LLC, and Penn Station, LLC. It also has a 99% interest in 30th Street Limited, L.P. These are its biggest station properties. The financial results for these subsidiaries are rolled into Amtrak's consolidated financial statements. </p> <p>The results for Amtrak's other owned stations (approximately 58) are embedded in the company's financial statements and cannot be identified separately. The information probably could be obtained by filing a Freedom of Information Act request with the Inspector General of Amtrak.</p>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy