CNBC 9/5/17:
Elon Musk's hyperloop idea is not realistic 'right now,' says Amtrak's co-CEO
- Amtrak's Richard Anderson says he does not see the high-speed hyperloop overtaking traditional rail travel and transport anytime soon.
- Defending government subsidies to Amtrak, he says: "If you look at transportation in the United States, it's all subsidized."
- Amtrak resumes regular operations resumed Tuesday at New York Penn Station after summer track work was completed.
Amtrak's president told CNBC on Tuesday he does not see the futuristic hyperloop — conceived by billionaire entrepreneur Elon Musk — overtaking traditional rail travel and transport anytime soon.
Asked to assess the practicality of high-speed hyperloop pods and Musk's The Boring Company, Richard Anderson was skeptical. "I don't think it's realistic right now."
"I'm glad there are people like that [who] dream about that. But I'm sort of focused on bridges and tunnels that are 100 years old that need some real infrastructure investment," said Anderson, who was CEO of Delta Air Lines.
