A Message from Amtrak President David Gunn
about Amtrak's Loan Status
June 21, 2002
This is a report on our financial problems. We have not obtained a loan as of
this date. We are working very hard on three options:
1: Dept. of Transportation (DOT) loan guarantee.
2: Congressional action authorizing DOT to issue a loan guarantee.
3: A bridge appropriation of $200 million.
Time is running out. When Congress adjourns next week, options two and three
You will hear mention of bankruptcy and cessation of service. These are real
possibilities. I still believe wisdom will prevail and we will be allowed to
operate and put together a FY03 budget. But as I said, time is running out.
It is imperative that Amtrak be perceived as an efficient, cost-conscious
company. As I said previously, we are not viewed in that light today, but given
a chance we will be.
From the time a Red Cap greets a passenger to the on-board personnel, you all
have a role to play. How you treat the passenger is critical. Behind the
scenes, giving your best is also important, whether you are doing track
inspections, selling tickets in the call center or stations, or working the
night shift at Wilmington or at the Bear shops.
We obviously have a lot of friends, but we also have those who think we are a
waste of money. How each of us behaves is important. Individuals who do their
best are doing their part to preserve Amtrak and our jobs. Non-performers are
risking not only their own jobs, but all of our jobs.
I have made a commitment to run an efficient, effective service. I have made a
commitment to fight to maintain the existing system. I will not deviate from
I need and appreciate your help.