By Elwood Brehmer, Alaska Journal of Commerce; April 12, 2019
The Alaska Railroad Corp. managed to turn an $18 million profit in 2018 despite a one-third decrease in activity in its primary business line, according to its annual report released this month.
The $18 million net income is down from a $22.4 million profit in 2017 but an improvement over other recent years. Operating revenue fell $1.7 million year-over-year in 2018 to $163.4 million, while operating income fell further — from $6.4 million in 2017 to $1.5 million last year — on slightly higher expenses.