Amtrak sets ridership record

Posted: October 11, 2012

Amtrak set another ridership record for the fiscal year that ended Sept. 30, carrying 31.2 million passengers.

Ridership was up 3.5 percent from the previous year, while ticket revenue grew by 6.8 percent to a record $2.02 billion. The ridership record was the ninth in the last 10 years.

The national railroad, created in 1971 after private railroads went bankrupt, required a federal subsidy of $1.42 billion for operating costs, capital expenses and debt-service. That was down from $1.48 billion in 2011 and $1.57 billion in 2010.

Amtrak's "farebox recovery," the portion of operating costs directly covered by ticket revenue, was 79 percent in fiscal 2011, compared with 76 percent in fiscal 2010. Figures were not available for 2012.

Ridership on the Northeast Corridor, the most heavily traveled segment of Amtrak's rail network, rose 4.8 percent to a record 11.4 million riders in fiscal 2012.

- Paul Nussbaum

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