Alaska Railroad says it had a banner year
Published Thursday, April 3, 2008
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Stumble It!ANCHORAGE — The Alaska Railroad Corp. released its annual report on Thursday.
The report says the state-owned railroad corporation made $16.3 million in earnings on total revenues of $169.3 million.
John Binkley, chairman of the railroad board, said it was another banner year.
The report says ridership was at an all-time high, with three of the summer service trains showing more than an 8 percent increase.
The railroad’s real estate department also reported that its assets grew a robust 17 percent.
Revenue generated by the railroad covers all its operating costs.
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What? A government organization more than pays for itself?
Say it ain't so!
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