Amtrak bottom-line improvement continues.WASHINGTON--(BUSINESS WIRE)--Aug. 7, 1995--Amtrak's plan for focusing on customers and improving its financial bottom line is still on track, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's third quarter financial report. Passenger revenues are up, the workforce has been pared down, old equipment is being retired, and on-time and safety performance continues to improve for America's national passenger rail service. Based on current trends, Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run will improve its bottom line by $154.4 million by the end of the fiscal year in September September: see month. , an important step toward ending Amtrak's need for federal operating assistance by the turn of the century. Only six months after Amtrak undertook an aggressive plan to improve its financial status, the company can report that: -0-
o Passenger revenues are $27 million ahead of plan. Riders
stayed with Amtrak even after route and service adjustments,
resulting in 17 percent less revenue loss than expected.
Selective fare increases have also raised new revenue without
affecting ridership.
o Of 8 services announced for elimination in Amtrak's business
plan, all but two were "brought back" by the states at a cost
closer to Amtrak's real cost than previously. Such
partnerships will be neccessary in the future as Amtrak's federal
operating assistance declines.
o 585 managers and 1,520 labor personnel have left since
October -- a result of route and service actions and
productivity improvements. Even when new hires are taken into
account, Amtrak has achieved 96 percent of its targeted management
reductions and 44 percent of targeted labor cuts.
o 189 aging cars and locomotives have been retired, completing
half of Amtrak's fleet retirement plan to cut maintenance and
operating costs and improve service comfort and reliability.
o On-time performance is up 8.5 percent compared to last year
(77.6 percent for FY95 compared to 71.5 percent for FY94).
Passenger and employee injuries are down by 29 percent and
20 percent, respectively.
o Although Amtrak has reduced service, the company is putting
more people in the remaining seats. For the first time,
Amtrak's "load factor" (the percent of available seats which are
sold) is up from last year. The load factor is up 14 percent
where route and service changes have occured.
o The company's cash outlook has improved. Originally Amtrak
had expected it would have to borrow $67 million for FY94 and
FY95, but now only $14 million to $43 million will be needed.
o While doing well on many fronts, the company still faces an
$18.6 million shortfall at year's end, having absorbed
$92 million in costs for employee buyouts, relocation, training
and equipment retirement -- an investment in the new Amtrak.-0-
"We're we're Contraction of we are. we're we are truly starting to see the light at the end of the tunnel "End of the Tunnel" is the thirteenth episode of the television series Prison Break, written by series creator Paul Scheuring and directed by Sanford Bookstaver. It was first broadcast on November 28, 2005. , and it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have coming from our rapidly improving trains," said Amtrak President Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs M. Downs. "There still are major challenges to making America's rail service the healthy business the country needs, but we are well on our way." CONTACT: Amtrak Mary Mary, the mother of Jesus Mary, in the Bible, mother of Jesus. Christian tradition reckons her the principal saint, naming her variously the Blessed Virgin Mary, Our Lady, and Mother of God (Gr., theotokos). Her name is the Hebrew Miriam. Anne Anne, British princess Anne (Anne Elizabeth Alice Louise), 1950–, British princess, only daughter of Queen Elizabeth II and Prince Philip, duke of Edinburgh. She was educated at Benenden School. Reynolds, 202/906-3860 Debbie Hare hare, name for certain herbivorous mammals of the family Leporidae, which also includes the rabbit and pika. The name is applied especially to species of the genus Lepus, sometimes called the true hares. , 312/655-2390 Rick Remington, 215/349-2735 Dawn Soper, 213/891-3475 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion