Robert Besser
05 Dec 2022, 01:38 GMT+10
WASHINGTON D.C.: According to U.S. rail company Amtrak, its ridership has nearly returned to pre-COVID-19 levels, rising by more than 10 million riders in the year ending 30th September.
Amtrak said ridership rose 89 percent over 2021 levels to 22.9 million riders, up 10.8 million passengers over the previous year, while its overall ridership hit about 85 percent of pre-COVID levels in the last six months of the 2022 budget year.
The company also said that by September 2023, its ridership and revenue could rise above 90 percent of pre-COVID levels, and reported an adjusted operating loss of $884.9 million, an improvement of over 18.2 percent from the 2021 budget year.
Amtrak aims to add up to 39 corridor routes and 166 cities by 2035, to expand its service throughout the U.S.
"We worked hard to restore service and grow ridership in the face of lingering impacts from the pandemic," said Amtrak CEO Stephen Gardner, as quoted by Reuters.
Under a $1 trillion bipartisan infrastructure bill passed in November 2021, Congress approved funding worth $22 billion for Amtrak.
In March, the Biden administration asked Congress for $3 billion in annual funding for Amtrak for 2023, $2.33 billion more than the current annual funding for the company.
The increased passenger traffic is "bucking the trend of continued lower ridership seen on most commuter railroads and public transit systems," Amtrak said.
In its 2022 budget, Amtrak invested $2.3 billion in capital projects, including key Northeast Corridor projects such as the Portal North Bridge in New Jersey near New York City and the B&P Tunnel Replacement Program in Baltimore.
In collaboration with its state and federal partners, it has also restored or expanded 11 routes and hired more than 3,700 workers, it added.
Get a daily dose of New Jersey Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New Jersey Telegraph.
More InformationTOKYO, Japan: In a statement posted on the website of the Chinese Embassy in Tokyo, Beijing announced that it will ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
NEW DELHI, India: Marking a year since the Tata Group took control of Air India, the former state-run carrier has ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
LONDON, England: Flybe, a British regional airline, abruptly closed operations on January 28. The airline offered flight to Belfast, Birmingham ...
New Delhi [India], February 2 (ANI): The Bharatiya Janata Party (BJP) will launch a mega budget Reach Out on February ...
TEHRAN, Iran: A gunman this week stormed the Azerbaijan Embassy in the Iranian capital, Tehran, and killed its security chief ...
WASHINGTON, DC - FBI agents on Wednesday searched for classified documents at U.S. President Joe Biden's vacation retreat in the ...
WASHINGTON D.C.: The White House said this week that Tesla Chief Executive Elon Musk met with John Podesta, a Democratic ...
MANILA, Philippines: In an effort to attract more tourists, President Ferdinand Marcos has approved a value-added tax refund program for ...
TRIPOLI, Libya: Italian prime minister Giorgia Meloni held talks on energy and migration in Libya this weekend, which are major ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...