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From the latest issue of Railway Age: Amtrak July ridership sets single-month record August 14, 2008 Amtrak Thursday trumpeted its continued ridership gains, noting its July patronage of 2,750,278 was the most for any single month in the company's beleaguered 37-year existence, and up 14% compared with its July 2007 ridership. Ticket revenue for July was $168 million, up 18.6% from the year-ago month. Total ridership through July 31 for fiscal year 2008, which began Oct. 1, 2007, was 23.7 million, up from 21.3 million for the comparable FY07 10-month period. Ticket revenue for the fiscal year to date reached $1.4 billion, up 14.1% from the comparable FY07 period. "Increasing fuel prices, highway congestion, airline issues and environmental awareness continue to make intercity passenger rail extremely relevant and popular," said Amtrak President and CEO Alex Kummant in a statement. "In addition, we continue to work on service improvements and better on-time performance, which draws more ridership and revenue each month." Amtrak ridership and revenue gains were notched in the company's long-distance, short-distance, and Northeast Corridor operations. Congress seeks to increase Amtrak funding, particularly capital funds, for fiscal year 2009 despite the threat of a presidential veto. House and Senate conference committee members still must resolve their differences: the House approved $1.43 billion for Amtrak, while the Senate seeks $1.55 billion.
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