Amtrak names new CEO to move money-losing passenger railroad

HomeStock

Amtrak names new CEO to move money-losing passenger railroad

By David Shepardson


By David Shepardson

WASHINGTON, March 2 (Reuters)Amtrak mentioned Monday it had tapped Atlas Air’s chief government to run the money-losing U.S. passenger railroad that has seen document visitors.

William J. Flynn will take over as president and chief government on April 15, succeeding former Delta Air Strains chief government Richard Anderson who has run Amtrak since July 2017.

Anderson will stay a senior adviser by way of the tip of the yr. Flynn, who has been with Atlas Air Worldwide Holdings AAWW.O, for 13 years, has additionally held senior roles with CSX Transportation, Sea-Land Companies, Inc, and GeoLogistics Corp.

Amtrak mentioned Monday it’s on tempo this yr to realize operational break-even for the primary time within the firm’s 49-year historical past eve because it invests billions in new high-speed Acela trains and different capital belongings.

“Amtrak service is significant to hundreds of thousands of Individuals throughout the nation and by enhancing the client expertise,…



nasdaq.com