Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fido Starts Email Routing List Email & Route  Print Print
Friday, July 21, 2006

Fido Starts "Beantown Ferry"

by: Sean Hanna, Editor in Chief

The problems plaguing Boston's "Big Dig" have caused Fidelity to go into the water ferry business. That effort should pose no problem to the owner of Boston Coach.

According to the Boston Herald, the Boston Behemoth started an afternoon water shuttle that will run from Boston's World Trade Center to North Station. The new service is for Fido employees and the public and is a reaction to a closing of one of the new tunnels connecting Boston suburbs and downtown following the collapse of part of a ceiling that killed one commuter. Boston officials are unsure of how long the tunnel will be closed. In recent days the city also closed a second tunnel for fear of similar construction issues.

Fidelity spokesman Vin Loporchio told the paper that Fidelity opened the service because "we saw a need." Though there are other Water taxi services, Fidelity started its own in order to allow its workers to meet a strict schedule. The fund firm shuttles operate at 5:15 p.m. and 6:15 p.m. each day and 25 seats are available on each trip.

Commuters have already nicknamed the service the "Beantown Ferry."

Filling needs is entirely within Fidelity's corporate culture. Chairman Ned Johnson famously got into the car service business when he was unable to find a ride and created Boston Coach to solve the issue.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use