Amtrak Sets New Ridership Record in FY 2024 with Bold Investments

Amtrak achieved record-breaking ridership of 32.8 million trips in fiscal year 2024, showcasing unprecedented growth. This milestone reflects increasing demand for efficient and modern rail travel across the United States. This was reported by the railway transport news portal Railway Supply.

Amtrak announced record-breaking ridership for fiscal year 2024, with 32.8 million customer trips logged nationwide. This achievement marks a remarkable 15% increase compared to FY 2023, highlighting growing demand for reliable and efficient rail travel options.

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The company also reported $2.5 billion in ticket revenue, surpassing all previous records and representing a 9% year-over-year rise. Total operating revenue reached $3.6 billion, marking a 7% improvement from FY 2023, driven by strategic investments and expanded service offerings.

Amtrak invested $4.5 billion into critical infrastructure projects, enhancing safety, mobility, and economic growth. These upgrades include new bridges, tunnels, and station improvements aimed at meeting the needs of modern travelers. Such projects also supported job creation and long-term network reliability.

“Breaking our ridership record shows travelers demand accessible and efficient transportation,” stated CEO Stephen Gardner. “Our bold investments reflect our vision to connect more communities nationwide while supporting economic growth and sustainability.” Gardner highlighted partnerships with states and railroads as vital to achieving these milestones.

Fiscal year results included a 9% improvement in adjusted operating earnings, totaling $705.2 million. Amtrak expanded four key routes and introduced a new train service to further strengthen its offerings. These advancements are part of the company’s strategy to double ridership to 66 million passengers by 2040.

Amtrak’s Investments Shape the Future of Rail Travel

Amtrak’s future plans include establishing new routes in collaboration with state partners and expanding station facilities. These developments will support corridor expansions and improve accessibility for underserved communities nationwide. The company’s focus on sustainability aligns with its broader mission to transform passenger rail in America.

“We are modernizing our fleet and network to elevate passenger experience coast to coast,” added President Roger Harris. “Investments in new equipment and expanded service will ensure future journeys remain world-class.” Harris emphasized that improvements aim to meet growing demand while enhancing capacity and reliability.

Amtrak’s Commitment to Modernization and Sustainability

Board Chair Tony Coscia reiterated Amtrak’s commitment to modernizing its network and fleet. “Our strategic investments position Amtrak as a leader in reliable, modern train travel,” Coscia stated. “This is an exciting time for rail in America, with record-breaking ridership underscoring the importance of our vision.”

Amtrak aims to maintain its momentum by continuing to improve infrastructure, expand service, and invest in cutting-edge technologies. With plans to revolutionize rail travel, the company remains focused on providing world-class service that meets the evolving needs of American travelers.

Source: www.masstransitmag.com

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