Amtrak CEO Resigns Amidst Concerns of Political Interference
Amtrak CEO Stephen Gardner resigned, citing a need to maintain the administration’s confidence amid calls for privatization from Elon Musk. This follows Musk’s assertion that Amtrak’s financial performance is unacceptable and requires privatization to improve. Despite record ridership and ticket revenue in fiscal year 2024, Amtrak remains unprofitable, a situation it attributes to insufficient federal funding and mandated long-distance service. Amtrak’s board expressed its commitment to working with the current administration to build a better passenger rail system.
John Q. Hosedrinker