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Trackage Rights
Railway companies can interact with and control others in many ways. These relationships can be complicated by bankruptcies. Operating Often, when a railroad first opens, it is only a short spur of a main line. The owner of the spur line may contract with the owner of the main line for operation of the contractee's trains, either as a separate line or as a branch with through service. This agreement may continue as the former railroad expands, or it may be temporary until the line is completed. If the operating company goes bankrupt, the contract ends, and the operated company must operate itself. Leasing A major railroad may lease a connecting line from another company, usually the latter company's full system. A typical lease results in the former railroad (the lessee) paying the latter company (the lessor) a certain yearly rate, based on maintenance, profit, or overhead, in order to have full control of the lessor's lines, including operation. If the lessee goes bankrupt, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Company
A railway company is a company within the rail industry. It can be a manufacturing firm or an operator. Some railway companies operate both the trains and the track, while, particularly in the European Union, operation of the track is undertaken by infrastructure operators and trains are run by different companies. Railway companies can be private or public. Structure Many countries have a national railway company that owns all track and operates all trains in the country, for instance the Russian Railways (the world's largest rail company by network size). Other countries have many different, sometimes competing, railway companies that operate each their own lines, particularly in the United States and Canada. Countries may have both public and private railway companies, for instance the United States, where the publicly-owned Amtrak exists alongside numerous private operators. In Europe, the EU requires its members to split the railway companies into a number of different comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amtrak
The National Railroad Passenger Corporation, Trade name, doing business as Amtrak () , is the national Passenger train, passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous United States, contiguous U.S. States and nine cities in Canada. ''Amtrak'' is a portmanteau of the words ''America'' and ''trak'', the latter itself a sensational spelling of ''track''. Founded in 1971 as a quasi-public corporation to operate many U.S. passenger rail routes, Amtrak receives a combination of state and federal subsidies but is managed as a for-profit corporation, for-profit organization. The United States federal government, through the United States Secretary of Transportation, Secretary of Transportation, owns all the company's Issued shares, issued and Shares outstanding, outstanding preferred stock. Amtrak's headquarters is located one block west of Washington Union Station, Union Station in Washington, D.C. Amtrak serves more th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liverpool And Manchester Railway
The Liverpool and Manchester Railway (L&MR) was the first inter-city railway in the world. It opened on 15 September 1830 between the Lancashire towns of Liverpool and Manchester in England. It was also the first railway to rely exclusively on locomotives driven by steam power, with no horse-drawn traffic permitted at any time; the first to be entirely double track throughout its length; the first to have a true signalling system; the first to be fully timetabled; and the first to carry mail. Trains were hauled by company steam locomotives between the two towns, though private wagons and carriages were allowed. Cable haulage of freight trains was down the steeply-graded Wapping Tunnel to Liverpool Docks from Edge Hill junction. The railway was primarily built to provide faster transport of raw materials, finished goods and passengers between the Port of Liverpool and the cotton mills and factories of Manchester and surrounding towns. Designed and built by George Stephen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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