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<p>[quote user="oltmannd"]People traveling on the company dime will ride Acela. Most companies will ante up for Acela. [/quote]</p> <p>Only the executive team in the Fortune 250 corporation that I worked for were permitted to upgrade to business class. No one was permitted to fly first class. Everyone else was required to fly economy class, on the lowest cost airline, except when traveling to and from Australia. </p> <p>Travel by train was not common in our company. On a rare occasion an employee might be traveling to a location where use of one of the corridor trains was desirable, i.e. NEC, California, etc. They were expected to travel coach.</p> <p>Our travel policies, procedures, and practices were aligned with those of a cross section of other Fortune 500 companies. Periodically the travel group surveyed a statistical sample of other companies to be sure that we were following similar practices. Thus, I am not sure that most corporations would ante up for the Acela. Some law firms, investment bankers, government employees, etc. might, especially given that they can fob the cost off on their clients, customers, and taxpayers.</p> <p>As I noted in my original posting, the scheduled time difference for the Acela and NEC regional train between NYC and Balitmore was 15 minutes. The fare difference between the Acela and NEC regional business class was $120. The difference between the Acela and NEC coach would have been $173. That translates into some pretty expensive minutes. But that's just the fare differences. Add in the fully allocated cost of the Acela and the differences are even greater. </p> <p>Hopefully the railroad companies that I hold stock do a good job of managing their travel expenses. Allowing employees to book the Acela to save 15 minutes at an incremental cost of $120 to $173 is not effective cost management. </p>
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