Amtrak announced preliminary results from Fiscal Year 2023 (FY23) as the company resumed service on all routes and advanced major infrastructure projects that will support plans to double ridership by 2040.
In FY23, more than 28 million customers rode Amtrak nationwide, fueled in part by growth on the Northeast Corridor (NEC), where ridership is exceeding pre-pandemic levels since early summer.
“Amtrak ridership continues to set post-pandemic records thanks to our customers who were anxious to travel again and attracted to the many benefits of train travel. This resurgence was made possible by our dedicated employees, our many state and host railroad partners, and ongoing support from the Biden Administration and Congress,” said Amtrak CEO Stephen Gardner. “We’re inspired by the soaring demand for intercity passenger rail and are eager to continue connecting more people and places.”
Multiple State Supported services also drove ridership gains while setting monthly or annual ridership records, including the Amtrak Downeaster and services in the Commonwealth of Virginia and the State of North Carolina.
Amtrak said is capitalizing on the momentum by advancing infrastructure investments that will launch new and expanded services, advance safety and reliability, improve accessibility, drive economic development, and enhance the customer experience.
Several projects kicked off in FY23 that will unlock major bottlenecks and improve operations and safety for Amtrak and its commuter partners. This includes the Frederick Douglass Tunnel Program in Baltimore and the Hudson Tunnel Project, a piece of the Gateway Program, among others.
“The best is yet to come!” said Amtrak Board Chair Tony Coscia. “As we build a new era of passenger rail with more modern trains, expanded routes, more frequent service, upgraded stations, and renewed infrastructure, Amtrak will continue to deliver major improvements for current and future Amtrak customers over the coming decade.”
Preliminary Results for FY23
Preliminary results for FY23 (Oct. 2022 – Sept. 2023) include:
Ridership: Provided 28.6 million customer trips, a 24.6% increase over FY22
FY23 4th Quarter NEC ridership levels were 8% above pre-pandemic levels, demonstrating the strong velocity built over the Fiscal Year
Service: Resumed service on all routes suspended during the pandemic and added more trains on the Northeast Regional, Piedmont, and Amtrak Cascades
Major Infrastructure Investments: Amtrak made its largest annual capital investment ever, investing nearly $3 billion into modern trains, enhanced stations and facilities, new tunnels and bridges, and other infrastructure upgrades.
FY23 began a multi-year program of investment that will be the largest capital program in company
Jobs Created: Welcomed more than 4,800 new hires who are helping to support ridership growth, improve existing service and advance historic infrastructure investments
Total Operating Revenue: $3.4 billion, an increase of 20% over FY22, driven by higher ridership and ticket revenue across all service lines
Adjusted Operating Earnings: (752.2 million), an improvement of $130 million over FY22, driven by strong revenue performance and successful cost containment as Amtrak recovers from the cost increase experienced during the pandemic and incurs ramp-up costs to support Amtrak’s infrastructure investment program
FY23 Accomplishments
Accomplishment by Amtrak in FY2023 include:
Expanded, Enhanced and Restored Service:
Demand for Amtrak services continued to grow, with ridership exceeding expectations
Systemwide ridership closed out the year on a strong note, with September ridership matching pre-pandemic levels (100% of September 2019)
Resumed service on all routes suspended during the pandemic
State Supported
State Supported ridership grew nearly 23%, serving more than 12.5 million customer trips
Multiple services and/or states set monthly or annual ridership records, including the Amtrak Downeaster and services in the Commonwealth of Virginia and the State of North Carolina
Added a fourth Piedmont roundtrip between Charlotte and Raleigh, in partnership with the North Carolina Department of Transportation
Restored Amtrak Cascades service between Portland, OR and Vancouver, BC – which doubled the number of daily roundtrips between Portland and Seattle from two to four – in collaboration with the Oregon and Washington State Departments of Transportation and other agencies
Resumed service between Montreal and New York City via the Adirondack for the first time since 2020, in conjunction with VIA Rail Canada and the New York State Department of Transportation
Improved travel times on the Chicago-St. Louis corridor with a new maximum speed of 110 mph for Lincoln Service trains, following successful implementation of the Illinois Department of Transportation’s high-speed rail project
Saw record ridership on Amtrak San Joaquins special train service to Allensworth State Historic Park for the 2023 Juneteenth Festival
NEC
Northeast Regional ridership surpassed pre-pandemic levels, growing more than 29% compared with FY22 and serving over 9.2 million customer trips
Acela ridership grew 38% over FY22, serving nearly 3 million customer trips
The fourth quarter (July-September) surpassed pre-pandemic levels
Expanded weekend Acela service, including additional roundtrips between Boston and New York on Sundays
Introduced ultra-low, more affordable Night Owl fares with one-way travel between $5-20 on select routes in the Washington-New York market
The program was subsequently expanded to the New York-Boston market with additional hours
Added more Northeast Regional service connecting Springfield Union Station, New York City and other communities along the NEC, in collaboration with the Massachusetts and Connecticut Departments of Transportation and Metropolitan Transportation Authority (MTA) Metro-North
Enhanced the Northeast Regional schedule between Washington and New York to provide more, convenient trips for stations outside major hubs
For example, New Brunswick, NJ schedule enhancements helped drive a 54% increase in ridership.
Long Distance
Long Distance ridership grew more than 12% across the network, serving nearly 3.9 million customer trips
Fully restored pre-pandemic frequencies on all Long Distance routes
Continued upgrading and enhancing the Long Distance customer experience, including deploying new locomotives, improving food and beverage offerings, refreshing passenger car interiors, restoring stored equipment to active service and developing designs and specifications for procurement of a new fleet
New Connecting Services
Future Growth Opportunities
Amtrak also shared future opportunities for the agency:
Advanced plans to expand Amtrak service across the country in partnership with states, local communities and host railroads, including: New State Supported service between the Twin Cities (Minnesota), Milwaukee and Chicago, in partnership with the Minnesota and Wisconsin Departments of Transportation; this service is anticipated to begin in early 2024.
Reestablishing Gulf Coast Service via two daily roundtrips between New Orleans, LA and Mobile, AL, in partnership with the Southern Rail Commission; this service is anticipated to begin in 2024
Two new daily Amtrak Cascades trips, making seven daily roundtrips (six Amtrak Cascades + one Coast Starlight) between Seattle, WA and Portland, OR, in partnership with the Washington State Department of Transportation and Oregon Department of Transportation; this service will begin on December 11, 2023
The signing of a service development agreement with the Louisiana Department of Transportation and Development to return of intercity passenger rail service between Baton Rouge and New Orleans, LA in the next several years, assuming available funding
Submitted four Corridor ID grant applications to the Federal Railroad Administration (FRA) to study new intercity passenger service in New York and Texas, as well as more frequent Cardinal and Sunset Limited Long Distance service
Supported additional applications submitted by other entities
Actively participated in the FRA’s Amtrak Daily Long Distance Service Study, which is evaluating the restoration of daily intercity passenger rail service and the potential for new Amtrak Long Distance routes
Announced that Texas Central and Amtrak are evaluating a potential partnership to further study and potentially advance a proposed 205-mph high-speed rail project between Dallas and Houston
Major Maintenance Facility Upgrades
Advanced procurement for new and upgraded maintenance facilities in Boston, New York City, Philadelphia, Seattle and Washington, D.C., and continued planning for upgrades to over a dozen smaller sites around the country
These upgrades will help modernize Amtrak’s maintenance practices and ensure a seamless transition to modern trains
Stations
New York Penn StationPenn Reconstruction
Continued working with MTA and NJ TRANSIT to advance conceptual design to 30% design threshold
Issued Notice to Proceed for preliminary engineering work to consultant consortium
Penn Expansion
Continued working with partners to advance to 10% design threshold and environmental reviews
Advanced transformation of New York Penn Station’s busiest entrance, located at 7th Avenue and 32nd
The enlarged and fully rebuilt entrance opened in November and expands the entrance’s width by 50% with a new elevator, escalator and wider stairs
Rolled out a new food and beverage service menu at the Moynihan Metropolitan Lounge, focused on improving the quality and variety of products with an emphasis on sustainability
Baltimore Penn Station
Philadelphia’s Gray 30th Street Station
Advanced major improvements with design and construction progressing, including final design development and approvals for temporary facility construction, and state of good repair improvements
Held “Hire 30th Street” collaborative events, supporting a network of community and faith-based organizations that have longstanding commitments to economic development in the West Philadelphia/University City District area and throughout the greater Philadelphia region
Chicago
Opened a new $10 million Clinton Street entrance to Chicago Union Station ahead of major construction on Canal Street which is being led by the City of Chicago
Selected a designer that will help reimagine the Concourse at Chicago Union Station, the first major station enhancement project on the floor level since 1991
Advanced the Final Design phase for reactivation of the high-level Mail Platform, which will serve as the station’s first level-boarding, accessible passenger platform
Washington Union Station
Art at AmtrakExpanded the Art at Amtrak public art program in its first full year to new locations:
New York Penn Station, Moynihan Train Hall, Philadelphia’s Gray 30th Street Station, Washington Union Station and Block 675 in Manhattan, where construction of the Hudson Tunnel Project will take place (in partnership with the Gateway Development Commission)