Amtrak Revenue Falls with Ridership

According to Amtrak, the only long-haul passenger railroad in the United States, ridership has fallen by more than 5 percent, or 1.5 million passengers, in the most recently completed fiscal year. While the recession’s impact on businesses could be partially blamed on such a figure, Amtrak has placed blame specifically on reduced business travel throughout the last fiscal year.
The news ends something of a winning streak for Amtrak, which had posted a string of annual increases since 2002 and a record number of 28.7 million passengers last year as high fuel prices forced many Americans to seek alternative forms of …read more