Passenger Corporation (“Amtrak”): Acela Financing Teaching Note In the late 1990s‚ the National Railroad Passenger Corporation (Amtrak) faced a rude awakening as the U.S. Congress stipulated that Amtrak eliminate its reliance on federal subsidies by 2002. In response‚ Amtrak drew up a plan for self-sufficiency‚ the centerpiece of which was a new‚ high-speed passenger service that it hoped would boost revenue enough to make Amtrak self-sufficient by 2002. To run this new service‚ Amtrak needed to
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Yelena Nicole FIN 465 Amtrak Case Introduction Amtrak was formed in 1970 by the U.S. Congress in order to ensure that rail service would remain an “integral part of the national transportation system.” Amtrak has become the main provider of all passenger rail services in the U.S. and as of 2002 Amtrak has become completely self sufficient and is no longer allowed to use federal subsidies to cover their operating expenses. In order to become self sufficient Amtrak has developed a high-speed
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Amtrak case study Ethical issues and concerns In the wreck of Amtrak’s sunset limited 1993‚ the decision makers would have been North American passenger corporation (Amtrak)‚ National transportation safety board (NTSB)‚ CSX‚ WGN‚ the U.S. coast guard‚ the tow boat captain‚ the pilot and Alabama emergency response network. I believe that these responsible parties could have avoided or reduced injury and deaths if all responded appropriately. affected by the lack of response and decisions made
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Amtrak Case Study Sherry Henryhand Kaplan University William Gurin November 9‚ 2013 Introduction The Amtrak was basically formed in the year of 1970 by the U. S. Congress in order for them to ensure that the rail service could remain an “integral part of the national transportation system.” The Amtrak pretty much has become the main provider of every single passage rail services in the U. S. so as of the year of 2002 the Amtrak pretty much became completely self-sufficient
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Amtrak paper 9/1/10 Prof. Starcher The Amtrak case study is a horrible accident that occurred in 1993. I feel the entire cause of the accident was a series of events that could not have been known. The stakeholders in this care are the Amtrak employees‚ customers and land owners of the railway lines. The biggest interest of the stakeholders would be loss of life. No one wants to be involved with the loss of a human life. And I am sure there are several financial reasons for the interest‚ as
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Who are the stakeholders in this case? The stakeholders in this case are the passengers‚ crew and their families‚ aboard the Amtrak train that derailed. They are also the corporate investors who hold stock in Amtrak and all Amtrak employees who have invested their time in employment with the organization. They could easily lose their jobs if a major layoff occurred or the organization filed for bankruptcy due to the millions they would be required to pay in damages. Stakeholders are the members
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The Wreck of Amtrak’s Sunset Limited H. Richard Eisenbeis‚ Sue Hanks‚ and Bruce Barrett University of Southern Colorado On September 22‚ 1993‚ the Sunset Limited‚ the pride of Amtrak‚ glided swiftly along through the warm‚ fall night. A dense fog hugged the countryside. Because there was nothing to see through the train’s windows‚ many passengers dozed peacefully‚ lulled to sleep by the gentle‚ rhythmic‚ clickety-clack of iron wheels passing over jointed rails. Crewmembers roamed the aisles and
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key documents (L/C Letter of Credit ‚ Bill of lading ‚ Draft) constitute a system developed and modified over centuries to protect both importer and exporter from the risk of noncompletion and foreign exchange risk as well as to provide means of financing. Protect against risk of noncompletion Protect against forign exchange risk Finance the trade Key doctuments
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Toyota Motor Financing Activities Debt to Equity (Total Liabilities / Total Equity) [pic] This ratio measures the financial leverage of a company by indicating what proportion of debt and equity a company is using to finance its assets. A lower number suggests there is both a lower risk involved for creditors and strong‚ long-term‚ financial security for a company. Based on the debt ratio of Toyota‚ as of 2009‚ the debt ratio is much higher than of other financial year. The year to year
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Unit 4 Amtrak Case Study Latisia Fairley July 5‚ 2011 The Amtrak case study is a horrible accident that occurred in 1993. I feel the entice cause of the accident was a series of events that could not have been known. The stakeholders in this case are the Amtrak employees‚ customers and landowners of the railway lines. The biggest interest of stakeholders would be the loss of life. No one wants to be involved with the loss of a human life. And I am sure there are several financial
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