Amtrak's PTC Work Nearly Finished
In response to two significant derailments early in FY2018, Amtrak began implementation of a Safety Management System to anticipate and mitigate risk.
Amtrak posted record revenue and earnings for its fiscal year ending Sept. 30, 2018, and also reported that it installed operational Positive Train Control (PTC) on more than 13,000 miles of the Amtrak network. When 2019 begins, the company expects to have nearly all of its track, all of its training, and its locomotive PTC work complete, according to its financial announcement.
In response to two significant derailments early in FY2018, Amtrak began implementation of a Safety Management System to anticipate and mitigate risk. The company invested more than $1.46 billion on capital assets during the fiscal year, including state-of-good-repair work on the Northeast Corridor, equipment refreshes, station upgrades, and technology improvements.
"We made significant advancements to improve safety and the customer experience, posting our best operating performance in company history," said Amtrak Board Chair Tony Coscia. "We remain on track to cover total operating costs from ticket and other revenues in the next few years, which will allow us to focus funding on business improvements and expansion."
Manufacturing began on the new Acela Express fleet, and Amtrak spent more than $51 million on ADA-related design and construction improvement projects at more than 100 locations nationwide.