Only 27% of Amtrak trains are on-time - and it could be costing the railroad $42 million every year

Posted On: Oct 18, 2019   |   Posted By: Business Insider

Only 27% of Amtrak trains are on-time - and it could be costing the railroad $42 million every year

Amtrak 's inspector general estimates that the railroad could save more than $40 million annually by increasing on-time performance.
Many of those rampant delays, however, are caused by the freight railroads responsible for most of Amtrak's service.
Still, Amtrak expects to be profitable by 2021, its CEO has said. There's plenty of work to be done.
Visit Business Insider's homepage for more stories .
Chronic Amtrak delays are hampering the railroad's efforts to break even by 2021, and are costing an estimated $41.9 million per year over the long term.
Even if Amtrak is able to increase timely trains by just five percentage points, the agency's inspector general estimated in a report published this week , the immediate impacts could see $8.2 million in reduced costs and $3.9 million in increased revenues.
" We identified a range of other financial benefits that could accrue if the company was able to improve OTP to a minimum level of 75 percent on long distance trains and sustain those improvements for at...

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