MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 21, 2006 Fido Starts "Beantown Ferry" 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. Printed from: MFWire.com/story.asp?s=12299 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |