Alaska Railroad says it had a banner year

Posted: Friday, April 04, 2008

ANCHORAGE - The Alaska Railroad Corp. released its annual report on Thursday.

The report said 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.

Ridership was at an all-time high, with three of the summer service trains showing more than an 8 percent increase, according to the report.

The railroad's real estate department also announced that its assets grew a robust 17 percent.

Revenue generated by the railroad covers all its operating costs.

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