Amtrak Sets New All-Time Record for Number of Passengers
This year has been a record-breaking one for Amtrak as the national passenger railroad company saw its highest ridership numbers ever, writes Chris Morris for Fortune.
Amtrak announced that it saw 32.8 million passengers taking trips on its trains in its 2024 fiscal year. That represents a 15 percent increase over its 2023 numbers, and sets a new all-time ridership record for Amtrak.
As a result, Amtrak also saw a big bump in revenues, as ticket revenue hit $2.5 billion, while total operating income came in at $3.6 billion. Those represent a 15 percent and 7 percent increase, respectively, from last year.
“Breaking our ridership record is just the beginning,” said Amtrak CEO Stephen Gardner in a statement. “This record ridership shows that travelers throughout the U.S. want efficient travel options, and we are committed to meeting that demand.”
He added that the company is doubling down on its vision to connect more people and communities like never before.
According to Amtrak, it has invested $4.5 billion into infrastructure upgrades this year alone. Upgrades include new equipment, upgraded stations, and expanded service.
Its goal is to double its ridership to 60 million by 2040.
Read more about Amtrak’s record-breaking year and how it got there in Fortune.
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