WASHINGTON — Two House Republicans with transportation oversight authority — House Transportation & Infrastructure Committee Chairman John Mica (R-Fla.) and Rail Subcommittee Chairman Bill Shuster (R-Pa.) — want to transfer ownership of Amtrak’s Northeast Corridor to the private sector as the first step toward dismantling Amtrak and privatizing rail passenger service in the U.S.

The 457-mile long Northeast Corridor — two to six-tracks wide, fully electrified and with all but a handful of highway-rail grade crossings eliminated — connects Washington, D.C., Baltimore, Philadelphia, New York and Boston. It carries almost one million intercity and commuter passengers daily on more than 2,000 trains — the majority commuter trains.

Amtrak, which was created by Congress to operate money-losing intercity rail passenger service in the U.S., acquired most of the Northeast Corridor following the 1970 bankruptcy of Penn Central and other Northeast railroads that had owned it.

While Amtrak owns 363 miles of the corridor, another 94 miles of the corridor is owned by the states of New York, Connecticut and Massachusetts, which similarly acquired their shares from the estate of bankrupt Penn Central.

Amtrak is responsible for operating intercity passenger trains, and providing maintenance and dispatching for other users, which include commuter agencies and freight railroads. Amtrak receives federal and state subsidies in exchange.

Mica said the transfer of ownership of the Northeast Corridor would permit the federal government to auction off train-operating and real estate development rights to the highest bidder. In 1987, President Reagan unsuccessfully proposed selling the Northeast Corridor to the highest bidder; and the George W. Bush administration had a similar objective.

Congress rejected the proposals, viewing them as attempts to destroy Amtrak and U.S. intercity rail passenger service. Among Republicans, former Senate Majority Leader Trent Lott (R-Miss.) and Sen. Kay Bailey Hutchison (R-Texas) have expressed opposition to any attempts at breaking up Amtrak’s national intercity rail passenger network.

Former Amtrak President David Gunn observed of a privatization proposal in 2002 that the Northeast Corridor will never be able to stand on its own financially. He said most of the overhead catenary providing electrical power between Washington, D.C. and New Haven, Conn., was erected during the 1930s and is in need of replacement. “Do you really think some company is going to come in and replace all those wires for an operation that, at best, might break even financially?” Gunn asked rhetorically.

The British-based and politically conservative Economist magazine reported in 2005 that the privatization of British Rail “has proved a disastrous failure … a catalogue of political cynicism, managerial incompetence and financial opportunism. It has cost taxpayers billions of pounds and brought rail travelers countless hours of delay.”

Sen. Frank Lautenberg (D-N.J.) responded to the Mica proposal that Amtrak makes the Northeast region — one of the most densely populated in the U.S. — “work.” He said Amtrak was created in the first place because the private-sector could not earn a profit operating passenger trains.

Amtrak itself has been seeking private investors to help it finance proposed 220-mph high-speed rail over the Northeast Corridor. Amtrak, however, would retain care, custody and control of the corridor and continue receiving federal and state subsidies to operate passenger trains over it. Amtrak says more than 25 private investors have expressed an interest in participating with it in future high-speed rail projects.

Mica says he prefers full privatization, which is broadly seen as a backdoor attempt to destroy Amtrak and the nation’s national intercity rail passenger network.

Mica asserts his plan will hasten the development of high-speed rail on the Northeast Corridor. Currently, 65 percent of the corridor already has trains operating at between 110-mph and 150 mph, and Amtrak is the only rail passenger operator in the nation operating trains at speeds of at least 100 mph.

Aging Northeast Corridor infrastructure — including century old tunnels and track curvatures running through heavily populated areas — as well as federal safety mandates for passenger cars that are heavier than those used in Europe and Asia, have much to do with Amtrak’s inability to operate trains faster than currently are operated by Amtrak.

By Assistant President Arty Martin and
GS&T Kim Thompson

Among the most difficult challenges facing us in 2009 arrives in November, when we exchange Railway Labor Act Section 6 notices with the carriers — the list of each side’s demands for the next collective bargaining round.

Our national rail contract is open for renewal on Jan. 1, 2010, and this upcoming bargaining round will be among our toughest ever given the deteriorating state of the national economy, the advance of technology and Wall Street pressure on railroads to deliver increased profits.

While the national rail contract affects members on only BNSF, CSX, Kansas City Southern, Norfolk Southern and Union Pacific, these national contracts tend to be a trend setter for bargaining on other freight railroads and Amtrak, and are frequently referred to by commuter railroads.

A reasonable individual might have good reason to assume the upcoming bargaining round will be favorable to employees. After all, railroads are among today’s few solidly profitable industries in America, and Wall Street confirms they have unprecedented pricing power. Moreover, the carriers continue to improve productivity, and it is the workers — especially operating craft employees — who are most responsible.

Indeed, the railroads’ own figures, as published by the Association of American Railroads, show that revenue ton-miles per employee — the best benchmark for measuring productivity — has soared five-fold since 1980, from 2.1 million revenue ton-miles per employee to almost 11 million revenue ton-miles per employee today.

Accordingly, the railroads’ labor costs have declined by 43 percent — from 46.5 cents of every revenue dollar in 1980, to 26.4 cents of every revenue dollar today.

This is because the employee headcount has dropped from 532,000 in 1980 to 236,000 today — a 56 percent decline in workers, while productivity has soared. Among train and engine service employees, the head count fell from almost 136,000 in 1980 to fewer than 70,000 train and engine service employees today.

Unfortunately, none of this matters to the carriers at the bargaining table, because it is hot Wall Street dollars that set the tone of carrier Section 6 notices.

Perhaps you have noticed Wall Street investment funds have been buying up shares of the major railroads.

BNSF, for example, is 46 percent owned by Wall Street investment funds. At CSX, the figure is 35 percent; at Union Pacific, 34 percent; at Kansas City Southern, 33 percent; and at Norfolk Southern, 32 percent, according to Bloomberg News.

These investment funds, some of them based in foreign countries, have a narrow focus of increasing stock price and increasing dividend payouts — often without concern to an appropriate level of railroad maintenance, and certainly without concern for employees and their families.

For sure, investment funds are behind the anti-labor policies at Wal-Mart and policies that export good American jobs overseas.

What a labor union does is to fight back — and the UTU will be spending the months leading up to the exchange of Section 6 notices by building our case on behalf of our members.

Who Owns the Railroads

BNSF 
Berkshire Hathaway21.8%

Capital Research Global

5.6%

Barclays Global

3.3%

UBS Global

3.0%

Vanguard Group

2.8%

State Street Corp.

2.7%

Fidelity Mgt.

2.4%

Capital World Invest.

1.7%

JP Morgan Chase

1.2%

Barrow, Hanley

1.2%

Total

45.7%

  

 CSX

 

Citigroup

5.4%

Barclays Global

4.7%

Children’s Invest. Fund

4.5%

3G Capital

4.4%

Deutsche Bank

4.2%

State Street Corp.

3.6%

Vanguard Group

3.2%

Tiger Global

1.9%

Bank of N.Y.

1.6%

JP Morgan Chase1.3%

Total

34.8%

  

 KCS

 

Neuberger Berman

6.2%

Wellington Mgt.

5.7%

Marathon Asset Mgt.

4.1%

Barclays Global

3.6%

Vanguard Group

3.0%

Keeley Asset Mgt.

2.8%

Bank of America

2.4%

Prudential

1.9%

Munder Capital Mgt.

1.9%

AXA

1.8%

Total33.4%
  
Norfolk Southern 

Capital Research Global

5.0%

Marsico Capital Mgt.

4.8%

JP Morgan Chase

4.7%

Barclays Global

4.5%

State Street Corp.

3.2%

Vanguard Group

3.1%

 Fidelity Mgt.

 2.7%

Pioneer Investment

1.3%

Dimensional Fund

1.3%

Capital World Invest.

1.1%

Total

31.7%

  

Union Pacific

 

Marsico Capital Mgt.

6.6%

Children’s Invest. Fund

4.7%

Barclays Global

4.4%

Capital World Invest.

3.4%

State Street Corp.

3.2%

Vanguard Group

3.0%

AXA

2.9%

Fidelity Mgt.

2.5%

Bank of America

1.9%

Berkshire Hathaway

1.8%

Total

34.4%

Source: Bloomberg News