Amtrak’s $361 million loss was smallest since 1975By JOAN LOWY
The Associated Press | January 11,2013Albert J. Marro / Staff File Photo
Amtrak’s Ethan Allen Express pulls out of the Rutland depot on its regular run to New York City in this 2009 photo.WASHINGTON — Amtrak’s fiscal 2012 operating loss was the lowest in nearly 38 years, which is a sign of progress, Joseph Boardman, the railroad’s president and CEO, said Thursday.
The $361 million loss for the year ending Sept. 30 was down 19 percent from the previous year.
The last time Amtrak losses were less was 1975.
In a conference call with reporters, Boardman also laid out an agenda for this year that includes delivery of the first of 70 new electric locomotives and 130 long-distance passenger cars, expansion of the Acela Express high-speed service in the Northeast with an additional New York-Washington round trip, and beginning the work necessary to acquire new high-speed trains.
The new electric locomotives will operate at speeds of up to 125 mph in the Northeast corridor between Washington and Boston and up to 110 mph between Philadelphia and Harrisburg, replacing locomotives that have been in service for as long as three decades. The new locomotives will be easier to maintain and more energy efficient, using regenerative braking to feed energy back into the power grid, the railroad said.
Amtrak is also working on upgrading its Wi-Fi service available to passengers to faster, more reliable 4G wireless service as cellular carriers expand their 4G footprint along the railroad’s routes. The 4G service is currently being tested and should be available soon, although no date has been set, Boardman said.
Amtrak will also ask Congress for money to help with design and early construction of elements of its Gateway program to preserve a pathway for two new Hudson River tunnels to New York’s Penn Station. An Amtrak funding bill is on Congress’ agenda, but the railroad faces deep skepticism from House Republicans.
Amtrak trains carried 31.2 million passengers in the fiscal year ending in September, the highest annual ridership since Congress created the railroad in 1971.MORE IN National / World BusinessTOYOTA, Japan — After extended introspection at the world’s biggest automaker, Toyota says it has... Full StoryWASHINGTON — Republican and Democratic lawmakers in the House have found something in common. Full StorySAN FRANCISCO — Facebook is trying to mold its Messenger app into a more versatile communications... Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: On this day 1739, 'Richard Palmer' identified in prison at York Castle as the notorious outlaw DICK TURPIN; IN 1836, Battle of the Alamo begins near San Antonio de Bexar, Texas; 1896, the Tootsie Roll invented by LEO HIRSCHFELD.
- RICHARD'S POOR ALMANACK: On this day in 1472, Orkney, Shetland islands put up as collateral by Norway to Scotland in lieu of dowry for MARGARET OF DENMARK on her marriage with JAMES III, king of Scotland; 1962, JOHN GLENN first American to orbit Earth.
- TOMORROW'S HEADLINES TODAY: City mayoral candidates debate campaign issues; Hartford, Conn., woman still missing; Neal Goswami reports attempts to legislate suicide; local woman loses 100 pounds through TOPS program.
- RICHARD'S POOR ALMANACK: On this day in 1878, JOHN TUNSTALL murdered near Lincoln, New Mexico, by the outlaw JESSE EVANS; in 1930, ELM FARM OLLIE first cow to fly in aircraft, first to be milked airborne; 1955, nuke test WASP; '79, snow in Sahara.
- TOMORROW'S HEADLINES TODAY: Rutland Herald News Editor Alan J. Keays and staff writer Gordon Dritschilo discuss stories planned for the February 18, 2015, edition of the newspaper: Winter budgets maxed, legal marijuana, Springfield bank job, USPS slowdown
- RICHARD'S POOR ALMANACK: On this day in 1249 AD, ANDRE of LONGJUMEAU is dispatched by LOUIS IX of France to meet the KHAGAN, ruler of the Mongol Empire; in 1804, during 1st Barbary War, STEPHEN DECATUR scuttles the pirate-held USS Philadelphia in Tripoli.