Despite Sandy Disruption, Amtrak Has Another Historic Year
For the tenth time in eleven years, Amtrak hit another historic high in ridership in FY 2013. While overall ridership was up one percent, revenues were up more than 4 percent.
Alex Goldmark dives into Amtrak's recently released ridership and revenue numbers for the fiscal year that ended September 30th. Though Hurricane Sandy disrupted operations along the busy Northeast Corridor, company-wide ridership was up one percent to 31.6 million passengers.
A closer look at the line-by-line numbers shows that "Amtrak seems to be operating leaner and more prosperously," says Goldmark. "On just about every route that saw an increase in ridership, the revenues were up more than the ridership, and where ridership fell, revenues fell less than the passenger counts did. That is to say, Amtrak is taking in more money off each passenger trip than in the past. "
Published on Monday, October 14, 2013 in
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