After surviving an unprecedented 2020, Alaska Railroad is ‘guardedly optimistic’ about 2021

4/29/2021
Earlier this month, the ARRC reported a net loss of $7.8 million on total revenue of $150.7 million in 2020. Credit: Alaska Railroad Corp.

To say that 2020 was a brutal year for the 118-year-old Alaska Railroad Corp. (ARRC) is an understatement, says President and Chief Executive Officer William “Bill” O’Leary. Although the short line had faced significant economic adversity over the years, it never faced such a precipitous drop in business over such a short period of time.

“It was unprecedented for us,” says O’Leary. “It’s really a credit to the employees — whether that’s the back-office folks [or] the people running the trains and maintaining the infrastructure — the terrific job they did was key to keeping us going forward.”

 
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