Amtrak CEO is leaving amid threats to withdrawal of transfer financing

Photo of author

By [email protected]



Amtrak CEO Stephen Gardner announced that he will leave his job on Wednesday as the Trump administration threatens to return to financing transport and mass transport projects throughout the country.

“I step down as an executive head to ensure that Amsrac continues to enjoy the faith and full confidence of this administration,” Gardner, head of the Railways Company for Passengers in the country, said in a statement. He has not yet been announced.

Gardner’s departure comes at a time when President Donald Trump and US Transport Minister Sean Duffy send shock waves through transportation agencies with threats to withdraw federal financing from major projects if they do not comply with new regulations and lines Delegation. The White House is currently trying to stop the pricing plan in New York City, and Duffy recently launched a review of the high -speed rail project in California.

Amtrak is a profitable company that has many relations with the federal government. The members of the company’s board of directors are generally appointed by the president, as the Minister of Transport occupied one seat.

The company was the legislator audit axis for intermittent transportation service. Former President Joe Biden pledged billions of dollars in the northeastern corridor – which is managed by Amrac in the first place – to finance infrastructure reforms and alleviate the service problems that were afflicted with the system. On the other hand, Republicans have suggested Trump and the House of Representatives to cut federal support to Emzar in the amount of half during his first term.

Elon Musk, the right man of Trump and the head of government efficiency management, with the privatization of Amrac, claimed that the railway service is diminishing compared to high -speed railway systems in other countries.

Changes in leadership have been invaded by transportation agencies throughout the country since Trump took power. The CEO of New Jersey Transit Kevin Corbett and the President of the Transit Carter Authority at Chicago Durfal Carter from their positions in January.

Gardner has been the head of the American passenger railway since 2022. He started as a company trainee sixteen years ago, according to his statement.

“We look forward to working with President Trump and Minister Duffy, while we build the passenger railway system on a global level that this country deserves,” wrote in a statement on the transition.

This story was originally shown on Fortune.com



https://fortune.com/img-assets/wp-content/uploads/2025/03/GettyImages-1496428067.jpg?resize=1200,600

Source link

Leave a Comment