Amtrak recorded a new annual high with 34.5 million trips in the 12 months to Sept. 30 (up 5.1%) and operating revenue of $3.9 billion (up 9.1%), while cutting losses 15% to $598 million. The railroad is investing heavily in Northeast Corridor upgrades, buying higher-speed Acela trainsets and preparing to replace regional trains next year. CEO Stephen Gardner stepped down in March after White House pressure; Roger Harris is running operations temporarily.
Amtrak Posts Record Annual Ridership, Narrows Losses to $598M as Modernization Accelerates
Amtrak recorded a new annual high with 34.5 million trips in the 12 months to Sept. 30 (up 5.1%) and operating revenue of $3.9 billion (up 9.1%), while cutting losses 15% to $598 million. The railroad is investing heavily in Northeast Corridor upgrades, buying higher-speed Acela trainsets and preparing to replace regional trains next year. CEO Stephen Gardner stepped down in March after White House pressure; Roger Harris is running operations temporarily.
12:25 AM, 11/19/2025Economy
Amtrak posts record ridership and trims losses
Amtrak said on Tuesday it reached a new annual high for ridership and revenue while reducing its net loss by 15% to $598 million.
For the 12 months ended Sept. 30, the U.S. passenger railroad reported 34.5 million customer trips, a 5.1% increase year-over-year, and operating revenue of $3.9 billion, up 9.1% despite some capacity constraints.
Investments and service plans: Amtrak is carrying out an extensive program to rehabilitate aging track and other infrastructure along the busy Northeast Corridor between Boston and Washington. The railroad is also expanding service across the country, acquiring higher-speed Acela trainsets, and plans to begin replacing its regional trains starting next year.
Leadership: In March the White House pressed for leadership change at Amtrak; CEO Stephen Gardner stepped down following that pressure. Amtrak’s board has not yet named a permanent successor, and President Roger Harris is overseeing operations on an interim basis.
(Reporting by David Shepardson)