Nation

Amtrak loses $361m; best since 1975

WASHINGTON — Amtrak’s fiscal 2012 operating loss was the lowest in nearly 38 years, which is a sign of progress, Joseph Boardman, the railroad’s chief executive, said Thursday.

The $361 million loss was down 19 percent from the previous year.

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In a conference call with reporters, Boardman also laid out an agenda for this year that includes delivery of the first of 70 new electric locomotives and expansion of the Acela Express high-speed service in the Northeast.

The new electric locomotives will operate at speeds of up to 125 miles per hour in the Northeast corridor between Washington and Boston.

Associated Press

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