Word: acela
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...beleaguered passenger train service remain distressingly high. For travel times of over four hours, standard round-trip tickets between Boston and New York cost around $110, and for service via the crown jewel of the Amtrak network—namely, the “high-speed” Acela train—these prices rise to over $200 for trips that last only an hour less. JetBlue, on the other hand, offers round-trip tickets ranging from $50 to $150 for flights that last little more than one hour. JetBlue’s example illustrates Amtrak’s continuing...
...with the airports in New York, so although it would be faster to fly, I would rather take the bus.” The other option for the Boston-New York commute is Amtrak—tickets on Amtrak trains range from $54 to $90, and tickets on the Acela express can be as pricey as $117. The JetBlue expansion will not stop with New York. The company plans to triple the number of destinations accessible to Boston travelers by the year 2006, according to its press release. Pheonix, San Diego, and Seattle are among the cities included...
...competition is with the Acela train and the [Delta and US Airways] shuttle, not the Chinatown bus,” says LimoLiner representative Leighann Gardiner. Indeed, unlike the frugal Fung Wah, LimoLiner is on par in price with flying. But unlike the shuttle, it boasts the advantage of coming right into Manhattan instead of stranding you in Queens...
...businesses like military-pilot training, the company is reining in its troubled financing arm, Bombardier Capital, which in the future will lend only to buyers of regional aircraft. Bombardier is the world's biggest producer of railway equipment, including the high-speed locomotives chosen for Amtrak's East Coast Acela service in the U.S. The company's new plan emphasizes its "many opportunities for synergies," and Tellier is already primed for some serious nipping and tucking. The day after the company halved its earnings guidance in March, Tellier announced he would ax 10% of the work force in the aircraft...
Bombardier is the world's biggest producer of railway equipment, including the high-speed locomotives chosen for Amtrak's East Coast Acela service. The company's new plan emphasizes its "many opportunities for synergies," and Tellier is already primed for some serious nipping and tucking. The day after the company halved its earnings guidance in March, Tellier announced he would ax 10% of the work force in the aircraft unit, on the heels of deep job cuts last year...