Facebook Twitter LinkedIn Google Plus RSS

Record revenue, earnings for Amtrak

By ,
An Amtrak train.
An Amtrak train. - ()

Amtrak posted record revenue of $3.38 billion and operating earnings of $168 million for its fiscal year ended Sept. 30, with the revenue up 2.2 percent over fiscal year 2017.

Amtrak spent $1.46 billion in capital investment and reported its Northeast Regional and State Supported lines saw growth in ridership, while long-distance service dropped by 3.9 percent due to the hundreds of trains truncated or canceled due to weather, infrastructure outages, planned repairs and poor on-time performance across much of the host railroad network used by Amtrak trains.

In response to two significant derailments in fiscal year 2018, Amtrak began implementation of a Safety Management System, a safety program that anticipates and mitigates risk, and continued implementing positive train control technology.

“We made significant advancements to improve safety and the customer experience, posting our best operating performance in company history,” Amtrak Board Chair Tony Coscia said in a statement. “We remain on track to cover total operating costs from ticket and other revenues in the next few years, which will allow us to focus funding on business improvements and expansion.”

More From This Industry

David Hutter

David Hutter

David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy