NEW YORK (TheStreet) --Meeting at the intersection of holiday travel and President-elect Trump's infrastructure spend goal, is Amtrak. CEO of the Washington, D.C.-based American railroad company, Wick Moorman, joined CNBC Wednesday morning to comment on the company and ramifications of Trump's proposed infrastructure initiative.
Amtrak reported full-year earnings last week, indicating the company achieved record revenue, ridership and its smallest operating loss since the early 1970s. Despite the success, Moorman said it remains tough to turn a profit.
"It's extraordinarily difficult. If you look at any passenger carrying railroad anywhere in the world, they generally do not make money," Moorman said. "But, that is what we are in business to do, to deliver a great product and not lose money."
Regarding Donald Trump's infrastructure initiative, the first thing Moorman would like to see, if passed, is a renewed commitment to the Gateway Project.
The Gateway Project is the planned development and restoration of the Northeast Corridor, the rail line connecting New York City, Newark, and the rest of New Jersey.
"It is the new tunnels under the Hudson which are desperately needed. The rehabilitation of Penn Station, which is desperately needed. It's replacing some hundred-year-old bridges; these are things the country needs," Moorman contended.
Furthermore, if the infrastructure spend is successful, he thinks Amtrak could achieve "substantial" growth.