Alaska Railroad: Flood Damage, Lost Revenue May Top $1M

 Thursday, September 27, 2012

 Insurance Journal

Washouts of railroad track after heavy rains and revenue lost because of idled trains are likely to cost the Alaska Railroad more than $1 million, a spokeswoman said Monday. “We’re still tallying the costs,” said Stephenie Wheeler, corporate communications officer. “We expect it to be in the seven figures, but we don’t know yet how much it’s going to be. It could be $1 million, $2 million. We’re just not sure yet.”
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