ANCHORAGE (AP) -- The state-owned Alaska Railroad Corp. reported a 1999 loss of $3.8 million. That compares with $9.9 million in profits a year earlier.
Revenues grew 2 percent, or to $82.2 million, with freight accounting for 80 percent of that total.
The railroad's operating loss before adding income from its real estate holdings were $9.9 million.
What the railroad called ''general and administrative'' expenses ballooned to $20 million, up from $8 million a year earlier.
That was due primarily to the $12 million spent cleaning up fuel that was spilled in two derailments north of Talkeetna, the railroad said.
The last time the railroad lost money was in 1994.
Peninsula Clarion © 2016. All Rights Reserved. | Contact Us