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Alaska Railroad: Annual report shows increased net earnings, cost savings from fewer personnel injuries


Alaska Railroad Corp. (ARRC) recently released its 2002 annual report, showing net earnings had doubled.

The railroad reported net earnings of $8.9 million and total revenue of $105.7 million, compared with net earnings of $6.6 million and revenue of $107.3 million in 2001. ARRC slightly increased passenger-service and real estate revenue to help offset a decrease in freight revenue.

ARRC also improved productivity, reduced lost-time costs and lowered workers’ compensation costs by achieving its best-ever personnel safety record, according to a prepared statement.

Contact Progressive Railroading editorial staff.

More News from 4/2/2003