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New Finance Chief Looks to Keep Amtrak on Track

April 14, 2017

By: Rheaa Rao

(The Wall Street Journal) Amtrak's new finance chief may have to decide which problem to tackle first: derailments, proposed budget cuts, or losses. William Feidt joined the federally chartered rail company in February, succeeding a CFO who left for personal reasons amid an internal restructuring that cut the management team in half.

His appointment comes at a precarious time. Since he took on the role weeks ago, there have been three accidents—two in New York, one in Chicago—on the company's tracks.Amtrak, officially known as the National Railroad Passenger Corp., jointly controls all U.S. rail lines with the Transportation Department, and finding the cash to make the much-needed track repairs will be tough...

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Read More At The Wall Street Journal:  https://www.wsj.com/articles/new-finance-chief-looks-to-keep-amtrak-on-track-1491854481