eNewsletter for January 14, 2013

Amtrak’s annual operating loss last year was lowest since 1975, ..Washington Post-Jan 10, 2013 The $361 million loss for the year ending Sept. 30 was down 19 percent from the previous year. The last time Amtrak losses were less was 1975.What is significant about the year 1976 is that is when Amtrak was given the NEC by Congress to get it off the back of the bankrupt PennCentral. By 1980 Amtrak’s losses went over a billion dollars (in 1980 dollars). With the help of rising gas prices, higher fares and subsidy from States such as California Amtrak has made progress improving its revenues. But Amtrak was well on its way to breaking even back in 1993 after then retiring Amtrak President Claytor made modest expansion of Long Distance services. Had Mr. Claytor’s policies been continued Amtrak would have become self supporting years ago. NB

January 14, 2013 Part 1   January 14, 2013 Part 2

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