Auction off its assets and let the private sector takeover.
"Auction off its assets and let the private sector takeover."
Why bother - who would want them.
Aside from the Northeast Corridor, where it has some economic value, Amtrak is just a toy for rich people with a lot of time on their hands. It does not even come close to competing with air travel in the real world.
I haven't run the numbers, but my bet is that if you simply bought everyone who wanted to ride Amtrak an airline ticket, it would be cheaper.