Articles by Todd DeFeo

Amtrak’s $227 million operating loss in Fiscal Year is the railroad’s lowest since 1973, the railroad said.

The number of people who took Amtrak in Fiscal Year 2014 increased 0.2 percent from a year earlier while ticket revenues increased 4 percent, the railroad said. “Amtrak is clearly selling a product that is very much in demand,” Amtrak Board Chairman Tony Coscia said in a news release. “Achieving strong ridership and revenue despite the challenges with aging infrastructure and freight rail congestion demonstrates Amtrak’s commitment to improving its financial and operating performance, and is a credit to Amtrak’s management and staff. It is now time to leverage Amtrak’s successes in increasing ridership and improving performance by making much-needed

Amtrak’s on-time performance has dropped during the first eight months of the fiscal year, according to an analysis of the railroad’s performance numbers.