Alaska railroad see substantial revenue loss

The Alaska Railroad is riding out tough times. The state owned railroad has seen revenue drop substantially. According to railroad President and CEO Bill O’Leary, the decline has largely been driven by losses in its primary freight hauling business.
”Just on a tonage basis, by about 44% since 2010,” O’Leary said.
O’Leary said the decline reflects loss of a contract for transport of petroleum products after Flint Hills shuttered its North Pole Refinery in 2014. He sa