The National Railroad Passenger Corporation, doing business as Amtrak (reporting marks AMTK, AMTZ), is a passenger railroad service that provides medium and long-distance inter-city rail service in the contiguous United States and to nine cities in Canada. Amtrak is a blend 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 organization. The United States federal government through the Secretary of Transportation owns all the company's issued and outstanding preferred stock. Amtrak's headquarters is located one block west of Union Station in Washington, D.C.Amtrak serves more than 500 destinations in 46 states and three Canadian provinces, operating more than 300 trains daily over 21,400 miles (34,000 km) of track. Amtrak owns approximately 623 miles (1,003 km) of this track and operates an additional 132 miles of track. Some track sections allow trains to run as fast as 150 mph (240 km/h).In fiscal year 2021, Amtrak served 12.2 million passengers and had $2.08 billion in revenue, with more than 17,500 employees as of fiscal year 2020. Nearly 87,000 passengers ride more than 300 Amtrak trains daily. Nearly two-thirds of passengers come from the 10 largest metropolitan areas; 83% of passengers travel on routes shorter than 400 miles (645 km).