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Business

Amtrak CEO departs amid threats of a transit funding pullback 

Editorial Board
Editorial Board Published March 19, 2025
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Amtrak CEO departs amid threats of a transit funding pullback 
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Amtrak CEO departs amid threats of a transit funding pullback 

Amtrak Chief Govt Officer Stephen Gardner introduced that he’s leaving his job Wednesday because the Trump administration threatens to drag again on funding mass transit and transportation initiatives throughout the nation.

“I am stepping down as CEO to ensure that Amtrak continues to enjoy the full faith and confidence of this administration,” Gardner, head of the nation’s passenger railroad firm, stated in an announcement. His successor has not but been publicly introduced.

Gardner’s departure comes as President Donald Trump and US Division of Transportation Secretary Sean Duffy ship shock waves by transit companies with threats to drag federal funding from main initiatives in the event that they don’t adjust to new laws and mandates. The White Home is presently attempting to cease New York Metropolis’s congestion pricing plan, and Duffy just lately launched a evaluate of California’s high-speed rail undertaking.

Amtrak is a for-profit firm with a number of ties to the federal authorities. The corporate’s board members are typically appointed by the president, with the transportation secretary taking one seat. 

The corporate has been the main target of lawmaker scrutiny for its spotty transit service. Former President Joe Biden pledged billions to the Northeast Hall — operated primarily by Amtrak — to fund infrastructure repairs and ease service issues which have plagued the system. Trump and Home Republicans, alternatively, have proposed to slice Amtrak’s federal subsidy by as a lot as half throughout his first time period.

Elon Musk, Trump’s right-hand man and the de-facto head of the Division of Authorities Effectivity, has mused concerning the privatization of Amtrak, claiming that the railroad’s service pales compared to the high-speed rail methods in different nations. 

Management adjustments have swept by transportation companies throughout the nation since Trump took energy. New Jersey Transit chief government officer Kevin Corbett and Chicago Transit Authority head Dorval Carter each stepped down from their respective positions in January. 

Gardner has been the top of the US passenger railroad since 2022. He began as an intern on the company sixteen years in the past, in response to his assertion.

“We look forward to working with President Trump and Secretary Duffy as we build the world-class passenger rail system this country deserves,” Amtrak’s board wrote in an announcement on the transition.

This story was initially featured on Fortune.com

TAGGED:AmtrakCEOdepartsfundingpullbackThreatstransit
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