Amtrak touts strong cost-recovery ratio
(Source: Railway Age, March 5, 2013)
NEW YORK — Amtrak President and CEO Joe Boardman, addressing a Congressional committee Tuesday, said Amtrak is leveraging record ridership to reduce dependence on federal operating subsidies.
Boardman, addressing the House Transportation & Infrastructure Committee, said that in fiscal year 2012, ending Sept. 30, 2012, the federal government covered just 12% of Amtrak's operating costs, while Amtrak generated 88% with ticket sales and other revenue.
Full story: Railway Age
Wednesday, March 06, 2013