US railroad Amtrak on track to break passenger records in 2024 [Yahoo! Finance Canada]
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ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance Canada
this year for the first time and reach a record high even though it has less capacity. Ridership was 20% higher in the first seven months of Amtrak's budget year that began Oct. 1, and ticket revenue was up 10% versus the same period in 2023, according to written testimony by Amtrak CEO Stephen Gardner to be presented at a hearing of a U.S. House of Representative subcommittee on Wednesday. "We are on target to set a new all-time ridership record by exceeding the 32.3 million passengers" in 2019, Gardner said in the written testimony. ADVERTISEMENT Amtrak passengers grew 45% from 2003 to 2019 to 32.3 million. Gardner said Amtrak's year-to-date revenue is also higher than in 2019, but "has been impacted by the reduced business travel since the pandemic as virtual meetings have replaced many short-duration business trips." Amtrak said it has fewer seats because of a number of factors including delays in starting service with new Siemens Venture cars that state partners have
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