Amtrak sets revenue and earnings records.
WASHINGTON — Amtrak ended its 2018 fiscal year with its highest operating earnings and revenue on record, even as disruptions kept a lid on the number of passengers.
Amtrak’s fiscal 2018 total revenue was $3.38 billion, up 2.2 percent from fiscal 2017. Operating earnings totaled $168 million, up 13.3 percent.
Systemwide ridership during the year dropped 0.1 percent from the previous fiscal year to 31.7 million. On the Northeast Corridor between D.C. and Boston, which accounts for more than a third of Amtrak’s total passengers, ridership totaled 12.1 million for the year, up 0.8 percent. Amtrak’s long distance ridership was down 3.9 percent, largely from weather cancellations, infrastructure outages and planned repairs.
During the year, Amtrak spent $4 million to update interiors on its Acela Express train sets, upgraded onboard Wi-Fi and began an en route train cleaning program on the Northeast Corridor. It also made improvements to passenger areas at several stations.“With refreshed train interiors, improved amenities and renewed stations and infrastructure, our customers are noticing a difference,” said Amtrak President and CEO Richard Anderson. “We are continuing to make passenger rail the preferred mode of travel for business and leisure.”
Manufacturing also began during fiscal 2018 for its new Acela Express fleet that will enter service in 2021, carrying 30 percent more passengers and operating initially at speeds up to 160 miles per hour.
Source: By Jeff Clabaugh | @wtopclabaugh/ November 19, 2018 4:45 am WTOP RADIO / Business & Finance / Serving Washington DC Metro on 103.5 FM, WTOP can also be heard in Virginia south of the Beltway on 107.7 FM In Frederick, Maryland area tune to 103.9 FM. Related articles by: Associated Press, Washington DC
My View Points: This all sounds good for the bean counters and Amtrak President and CEO Richard Anderson but as a rider on the Amtrak Wolverine, I have seen a drop in the quality of the food service and the cars not being kept clean. With this being said, I will still keep riding the Amtrak.
Like to hear about your pros and cons of riding on the Amtrak.........?
Gary: Rail-fanning with Amtrak