Amtrak’s fiscal 2012 operating loss was the lowest in nearly 38 years, which is a sign of progress, Joseph Boardman, the railroad’s president and CEO, said Thursday.
The $361 million loss for the year ending Sept. 30 was down 19 percent from the previous year. The last time Amtrak losses were less was 1975.
Boardman also laid out a plan for this year that includes delivery of the first of 70 new electric locomotives and 130 long-distance passenger cars. — The Associated Press