In 1914, the company was the defendant in a landmark
Supreme Court of the United States case,
Richards v. Washington Terminal Company. In 1981,
Amtrak took over the terminal company's operations. It currently owns a 99.7% interest in WTC, with the balance held by Amtrak employees. All of WTC's officers are Amtrak employees, as are most of its directors. Through WTC, Amtrak presently shares ownership of Union Station with the
United States Department of Transportation. While the DOT owns the station building itself and the surrounding parking lots, WTC owns the platforms and tracks. Despite being nearly wholly owned by Amtrak, the Washington Terminal Company is legally a separate entity, and unlike Amtrak, it is not exempt from the
Interstate Commerce Act. This allowed
Virginia Railway Express to threaten a filing to the
Surface Transportation Board to enforce its right to access when Amtrak tried to oust VRE from Union Station after VRE said they would not automatically re-hire Amtrak as its operating contractor. Faced with this action, Amtrak backed down. == Locomotive roster==