Can Amtrak avoid creative destruction?

Written by  Frank N. Wilner, Contributing Editor, Railway Age Magazine; December 20, 2017

Watching Washington, December 2017: Ignore Professor Plum in the library with a candlestick as being responsible for Amtrak inefficiency. Refocus on reform—and clues leading to Amtrak’s new President Richard Anderson, who ideally possesses the determination, means, motive and opportunity to correct decades of fuzzy accounting, impose financial transparency and purge waste.

With all federal programs under political attack, Amtrak, more than ever, must be roused to deliver its services better, faster and cheaper. The Department of Transportation’s Inspector General has long fussed of Amtrak’s “unreliable financial performance reporting.” The U.S. General Accountability Office says Amtrak’s “inconsistent and incomplete” financial reporting “hinders its ability to demonstrate the performance of its lines of business.”

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