After its best year ever, Amtrak must still convince its owner—the U.S. government—that it is running in the right direction. Some lawmakers say the railroad’s pursuit of profitability has caused its overall service to suffer.
For a company coming off its best year ever, Amtrak faces a strange challenge in 2020: convincing its owner, the federal government, that the railroad is running in the right direction.
The national passenger railroad reported an adjusted operating loss of $29.8 million in the fiscal year ended Sept. 30, the best financial performance in Amtrak’s nearly 50-year history. While the railroad still faces a backlog of capital investment worth billions of dollars, the earnings show it moving closer to the goal of Chief Executive...
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