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For the first eight months of FY 2008 train operating revenues were up approximately 12.5 per cent over 2007.  Train operating expenses were up by approximately 12.9 per cent.  I rounded the numbers.  When calculated without the rounding, the train operating ratio is essentially unchanged, as I pointed out previously.  During the period Amtrak's train operations had significantly unfavorable expense variances compared to 2007 for salaries, wages, and overtime payments, offset partially by a reduction in employee benefits.  Other unfavorable variances occurred in train operations, including access fees; fuel, propulsion power, and utilities; materials; facility, communication, and office; advertising and sales; casualty and other claims; and other expenses, offset in part by indirect costs capitalized to P&E.Only two of Amtrak's 11 roll-up expense categories had favorable 2008-2007 variances.  The largest variances occurred in wages and overtime, which were up nearly 23 per cent; fuel, propulsion power and utilities, which were up approximately 30 per cent; and other expenses, which rose by approximately 16 per cent.
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