Wall St futures steady after extended losses on Nvidia, payrolls caution
Investing.com -- U.S. passenger railroad Amtrak set a new yearly record for ridership and revenue while reducing losses by 15% to $598 million, the company announced Tuesday.
For the fiscal year ending September 30, Amtrak reported 34.5 million customer trips, representing a 5.1% increase from the previous year. Operating revenue rose 9.1% to $3.9 billion, despite operating with reduced capacity.
The national rail service is currently undertaking a major infrastructure rehabilitation project along the northeast corridor between Boston and Washington. Amtrak is also expanding service across the United States, purchasing new higher-speed Acela train cars, and plans to begin replacing regional trains next year.
Leadership changes have occurred at the railroad in recent months. In March, the White House forced CEO Stephen Gardner to step down following pressure from President Donald Trump. Amtrak’s board has not yet appointed a new CEO, with Amtrak President Roger Harris currently overseeing operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.