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flag Amtrak CEO steps down amid calls for privatization, despite record ridership and financial loss.

flag Amtrak CEO Stephen Gardner has resigned to ensure the company maintains support from the administration. flag His departure comes after Elon Musk called for privatizing Amtrak, arguing it would improve efficiency. flag Despite a record 32.8 million passengers and $2.5 billion in revenue in fiscal year 2024, Amtrak posted a $635 million loss. flag The company emphasizes its role in serving rural areas and supporting freight railroads over profitability.

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