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ECONOMIC SIGNIFICANCE OF ALASKA RAILROAD - Institute Of ... - Iser Uaa Alaska
Get ECONOMIC SIGNIFICANCE OF ALASKA RAILROAD - Institute Of ... - Iser Uaa Alaska
OCIAL AND ECONOMIC RESEARCH UNIVERSITY OF ALASKA ANCHORAGE 3211 PROVIDENCE DRIVE ANCHORAGE, ALASKA 99508 Executive Summary Economic Significance of the Alaska Railroad Institute of Social and Economic Research University of Alaska Anchorage December 2004 M ost money the Alaska Railroad spends to operate More detail about the economic effects of annual railtrains and build facilities stays in Alaska, supporting road spending is in Figure 2 (on page 2), dividing the close to 1,900 jo.
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Railbelt FAQ
BNSF Railway leads the market The railroad focuses on transporting freight commodities such as coal, industrial or agricultural products. In 2022, the company generated some 24.49 billion U.S. dollars in freight revenue and hauled more than 10 million carloads across the country.
Owned by the State of Alaska since 1985, the Alaska Railroad is a self-sustaining corporation. The Alaska Railroad received no operating funds from the state. It generates revenue through freight, passenger and real estate services to cover personnel, employee benefits, operations and maintenance expenses.
The ARRC is a state-owned corporation that is operated like a private business. ARRC must generate enough revenues from train and real estate services to cover workforce, operations and infrastructure maintenance expenses. Alaska Railroad employees are not part of the state personnel system.
The ARRC provides freight and passenger service from the ice-free ports of Whittier, Seward and Anchorage to Fairbanks as well as Denali National Park and military installations. It is the northernmost railroad in North America.
Unlike other railroads in the U.S., it handles both freight and passengers, and serves as an important means of transporting goods in and out of the remote Alaskan Interior. Many rural Alaskans also rely on the Alaska Railroad to travel to larger cities for food and supplies.
For 2022, the Alaska Railroad posted a net income of $39.19 million, with total revenues of $250.24 million and total expenses of $211.05 million.
The State of Alaska bought the Alaska Railroad for $22 million, becoming the railroad's official owner, and remaining so to this day. The Alaska Railroad's historical information can provide context and interest to media news and features.
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