In an effort to continue its growth and momentum into the next 50 years, Amtrak’s Board of Directors has advanced a preliminary framework to modernize and transform the organization’s corporate structure.
With record ridership, record revenue, record capital investment and more than $10 billion in new fleet investments, the board said the new corporate structure would ensure the organization is able to deliver on accountability by providing greater transparency into costs and performance.
“Our management team developed this preliminary framework after extensive study and continues to seek input to be sure we get it right,” Interim President Byl Herrmann said. “Our goal is a more accountable, effective, and resilient Amtrak, one that delivers more riders, more revenue, and the best customer service in the transportation industry.”
Under the new framework, Amtrak would remain the parent company overseeing governance, strategic direction and coordination, while establishing three focuses businesses – passenger services, infrastructure management and fleet management.
The organization said the proposed structure would give greater visibility into performance and costs, enable faster and better-informed decisions and align authority with responsibility and results.
Amtrak said the public is encouraged to provide feedback on the proposed plan. In September, Amtrak will develop the detailed design and implementation plan with the formal proposal going before the Board in December, and operations under the new structure beginning in 2027 (if approved).