Without fanfare, Amtrak last week posted its 2024 annual report, which also contains its funding appeal for the fiscal year ...

Amtrak subsidies keep many of Amtrak‘s routes alive despite the fact that ridership is down on many of them. These subsidies ...

But Amtrak has rejected criticisms that they’re not profitable — because profitability isn’t a goal of the organization.

And in my view, it’s another example of Amtrak scoring an “own goal,” cutting the people it needs to manage a growing portfolio of big projects and foolishly focusing on a “profitability” target that ...

(Amtrak’s state-sponsored routes, in contrast, don’t have profit goals because the states simply want to provide residents with ridership options.) Cohen points to the privatization of ...

In an interview with Skift, Eliot Hamlisch, Amtrak's chief commercial officer, said the corporation continues to work toward profitability ... ridership by 2040, a goal that hinges on $4.5 billion ...

Profitability is not its main mission, Amtrak said, saying it was initially created to increase profits for freight railroads who were losing huge sums of money providing passenger service.

State-sponsored routes don’t typically have profit goals, Amtrak says; in those instances, the states mostly just want to provide transportation options. High ridership helps, though ...