US EditionAmtrak CEO steps down amid Musk calls to privatize
- Amtrak CEO Stephen Gardner is stepping down to ensure continued support from the administration, as he stated in his announcement.
- Amtrak carried a record 32.8 million passengers in fiscal year 2024, a 15% increase from the previous year, as reported by the company.
- Elon Musk, head of the Department of Government Efficiency, suggested privatizing Amtrak, calling it a 'sad situation'.
- Despite record passenger numbers, Amtrak faced an operating loss of $635 million, and the board expressed a desire to build a 'world-class passenger rail system'.
75 Articles
75 Articles
Amtrak is the latest organization under DOGE's scrutiny
America's national railway service could be heading off the tracks, as Amtrak CEO Stephen Gardner announced on March 19 that he was stepping down from his position. Gardner's resignation comes amid a flurry of criticism aimed at Amtrak by the Trump administration — specifically from Elon Musk and his Department of Government Efficiency.The White House has been at odds with Amtrak over its desire to privatize the company, something that Musk has …
What Amtrak privatization would mean for nationwide rail travel
Since Amtrak's creation in 1970, the U.S. passenger railroad company has carried millions of passengers each year. In fiscal year 2024, over 32 million people rode Amtrak's buses and trains, which carry passengers nationwide.A federally chartered company, Amtrak receives a number of federal subsidies, including direct investments and grants that aid the company's operations. In 2024, the U.S. government gave $2.4 billion to Amtrak in federal app…
Amtrak CEO resigns amid Trump Admin’s musing about privatization
The CEO of Amtrak has resigned from his post just months after the passenger rail service recorded its best single-year ridership in its history. Amtrak CEO Stephen Gardner announced the move Wednesday, saying he was proud of what his team at Amtrak had accomplished in his 16 years at the helm, bringing more passenger rail […]
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