World
Month: November 2013
Amtrak
Amtrak Loses $72 Million in FY 2012 on Food and Beverage Service
ATLANTA — While Amtrak has reduced how much it is losing on food and beverage service, the passenger railroad still lost $72 million in Fiscal Year 2012, according to a recent report from the inspector general. Nearly all of the loss — $71.5 million — was on the railroad’s long-distance routes. The railroad did see an $800,000 profit on the Northeast Corridor. The Auto Train was the biggest loser, hemorrhaging more than $13 million during the year, according to the inspector general’s report. The railroad’s food and beverage losses have totaled more than $1 billion over the last 12 years,
Amtrak
Book Thanksgiving travel early, Amtrak says
ATLANTA — Amtrak is urging passengers to book their Thanksgiving holiday train tickets early to avoid missing out on the best availability and pricing. The busiest travel days, the ones most likely to sell out, are the Tuesday and Wednesday before Thanksgiving and the Sunday following the holiday. Amtrak saw a record 737,537 passengers travel by train during the Thanksgiving holiday a year ago. That broke the previous record set during the holiday in 2011. In a statement, Amtrak said it “will operate every available passenger rail car in its fleet and is scheduling extra trains and adding capacity on
Miscellaneous
CSX
Intermodal Investment Strategy Continues to Drive Growth for CSX
JACKSONVILLE, Fla., Nov. 6, 2013 /PRNewswire/ — Fredrik Eliasson, CSX (NYSE: CSX) executive vice president and chief financial officer, discussed the company’s recent financial performance today at the Baird Industrials Conference in Chicago, Ill. Eliasson reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. “The CSX team continues to overcome significant headwinds as the energy markets evolve in favor of natural gas and away from coal,” said Eliasson. “During this transition, we have still been able to generate earnings per share growth and value
Amtrak