Amtrak Touts Increased Ridership in FY2019

Amtrak said this week that ridership in fiscal year 2019 is up 1.3 percent over where it was in March 2018 and that the passenger carrier is on pace to reach the break-even mark in operating earnings by FY2021.

If the performance thus far holds up for the remainder of FY2019, Amtrak said this would make its best performing year in its 48 years of operation.

President Richard Anderson said in a statement that Amtrak is experiencing record growth and is seeking to develop new markets that now have limited or no intercity-rail service.

Anderson’s statement spoke of a changing landscape in America.

The news release also said that Amtrak is investing billions of dollars into modernizing its aging infrastructure, fleet and facilities as much of its rolling stock and locomotives near the end of their useful lives.

Some infrastructure that Amtrak uses dates to the early 1900s.

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