• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsAmtrak

Amtrak CEO departs amid threats of a transit funding pullback 

By
Bloomberg
Bloomberg
and
Sri Taylor
Sri Taylor
Down Arrow Button Icon
By
Bloomberg
Bloomberg
and
Sri Taylor
Sri Taylor
Down Arrow Button Icon
March 19, 2025, 4:51 PM ET
Amtrak CEO Stephen Gardner announced that he is leaving his job Wednesday as the Trump administration threatens to pull back on funding mass transit and transportation projects across the nation.
Amtrak CEO Stephen Gardner announced that he is leaving his job Wednesday as the Trump administration threatens to pull back on funding mass transit and transportation projects across the nation.Anna Moneymaker/Getty Images

Amtrak Chief Executive Officer Stephen Gardner announced that he is leaving his job Wednesday as the Trump administration threatens to pull back on funding mass transit and transportation projects across the nation.

Recommended Video

“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 company, said in a statement. His successor has not yet been publicly announced.

Gardner’s departure comes as President Donald Trump and US Department of Transportation Secretary Sean Duffy send shock waves through transit agencies with threats to pull federal funding from major projects if they don’t comply with new regulations and mandates. The White House is currently trying to stop New York City’s congestion pricing plan, and Duffy recently launched a review of California’s high-speed rail project.

Amtrak is a for-profit company with several ties to the federal government. The company’s board members are generally appointed by the president, with the transportation secretary taking one seat. 

The company has been the focus of lawmaker scrutiny for its spotty transit service. Former President Joe Biden pledged billions to the Northeast Corridor — operated primarily by Amtrak — to fund infrastructure repairs and ease service problems that have plagued the system. Trump and House Republicans, on the other hand, have proposed to slice Amtrak’s federal subsidy by as much as half during his first term.

Elon Musk, Trump’s right-hand man and the de-facto head of the Department of Government Efficiency, has mused about the privatization of Amtrak, claiming that the railroad’s service pales in comparison to the high-speed rail systems in other countries. 

Leadership changes have swept through transportation agencies across the nation since Trump took power. New Jersey Transit chief executive officer Kevin Corbett and Chicago Transit Authority head Dorval Carter both stepped down from their respective positions in January. 

Gardner has been the head of the US passenger railroad since 2022. He started as an intern at the corporation sixteen years ago, according to his statement.

“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 a statement on the transition.

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Bloomberg
See full bioRight Arrow Button Icon
By Sri Taylor
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

clinton
PoliticsCongress
House committee votes to hold Bill and Hillary Clinton in contempt of Congress
By Stephen Groves, Matt Brown and The Associated PressJanuary 21, 2026
9 hours ago
taco
InvestingMarkets
Trump TACO trade roars as stocks recover half of yesterday’s loss after messages over ‘piece of ice’ from Davos
By Stan Choe and The Associated PressJanuary 21, 2026
9 hours ago
trump
EuropeWhite House
Trump seems to be changing his mind on Greenland as he rolls back threat of tariffs amid talks with Denmark, NATO
By Josh Boak, Will Weissert, Aamer Madhani and The Associated PressJanuary 21, 2026
9 hours ago
WASHINGTON, DC - JANUARY 16: President Donald Trump speaks to reporters on the South Lawn before boarding Marine One at the White House on January 16, 2026 in Washington, DC. The President is expected to travel to
PoliticsGreenland
Trump’s TACO ‘solution’ to Greenland crisis: Backing off his 10% tariff threats against Western Europe
By Eva RoytburgJanuary 21, 2026
13 hours ago
CryptoCryptocurrency
Why Coinbase split with Andreessen Horowitz and the crypto industry on a key bill—and what’s next for the Clarity Act
By Leo SchwartzJanuary 21, 2026
13 hours ago
Trump, standing behind a microphone, puts his pointer finger in the air.
EconomyDavos
Trump says Europe does one thing right: drug prices. ‘A pill that costs $10 in London costs $130 in New York or Los Angeles’
By Sasha RogelbergJanuary 21, 2026
14 hours ago

Most Popular

placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
3 days ago
placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
17 hours ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
18 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 20, 2026
By Joseph HostetlerJanuary 20, 2026
2 days ago
placeholder alt text
Economy
Scott Bessent insists he’s ‘not concerned at all’ about investors selling America—despite the fact it’s unraveled tariffs before
By Eleanor PringleJanuary 21, 2026
22 hours ago
placeholder alt text
Success
Billionaire Marc Andreessen spends 3 hours a day listening to podcasts and audiobooks—that’s nearly an entire 24-hour day each week
By Preston ForeJanuary 20, 2026
2 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.