William Flynn is named new Amtrak president and COO
WILLIAM Flynn is to become Amtrak's new president and chief operating officer from mid-April
WILLIAM Flynn is to become Amtrak's new president and chief operating officer from mid-April. He takes over from Richard Anderson, who has served as CEO since July 2017 and will stay on until the end of the year.
Mr Flynn, 66, has served as president and CEO of the global airfreight company Atlas Air Worldwide for the past 13 years. He also has held high-ranking positions at companies specialising in rail freight, container shipping and logistics.
He assumes the post after Amtrak reported record ridership and revenue figures for the most recent fiscal year, leading officials to predict the government-owned passenger railroad could soon eliminate operating losses for the first time in its 49-year history, reported The Associated Press.
'We used to have hundreds of millions of dollars in operating losses, and we have turned that around and now we're able to recruit a guy who was running a very substantial, profitable company,' Amtrak chairman Tony Coscia said.
Mr Anderson, a former chairperson and CEO of Delta Air Lines, is credited with improving the bottom line of the historically money-losing rail corporation. Total operating revenue rose three per cent in the last fiscal year, and ridership on Amtrak's premium Acela service between Boston and Washington jumped by 4.3 per cent, while its standard Northeast Regional service showed a gain of 2.9 per cent.