DB Fernverkehr AG
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DB Fernverkehr AG
DB Fernverkehr AG (German for "DB Long-Distance Traffic") is a semi-independent division of Deutsche Bahn that operates long-distance passenger trains in Germany. It was founded in 1999 in the second stage of the privatisation of Deutsche Bahn, under the name of ''DB Reise&Touristik'' and was renamed in 2003. Products DB Fernverkehr provides national and throughout-Europe long-distance transport services. Train types operated by DB Fernverkehr are: * Intercity Express (ICE) * Intercity (IC) * EuroCity (EC) → mostly in cooperation with SBB, ÖBB and ČD * EuroCity-Express (ECE) → on the Frankfurt–Milano and Munich-Zurich routes in cooperation with SBB and Trenitalia The company operates around 1,300 trains per day (as of 2010). Under the brand name ''IC Bus'' DB Fernverkehr also operated some long-distance bus lines until 2020 in Europe, starting from the cities of Berlin, Mannheim, Munich, Leipzig, Düsseldorf, Frankfurt and Hamburg. Subsidiaries Alleo '' Alle ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Passenger-kilometer
The units of measurement in transportation describes the unit of measurement used to express various transportation quantities, as used in statistics, planning, and their related applications. Transportation quantity The currently popular units are: Length of journey * kilometre (km) or kilometer is a metric unit used, outside the US, to measure the length of a journey; * the international statute mile (mi) is used in the US; 1 mi = 1.609344 km * nautical mile is rarely used to derive units of transportation quantity. Traffic flow * vehicle-kilometre (vkm) as a measure of traffic flow, determined by multiplying the number of vehicles on a given road or traffic network by the average length of their trips measured in kilometres. * vehicle-mile (, or VMT) same as before but measures the trip expressed in miles. Passenger Payload quantity * Passenger; Person (often abbreviated as either "pax" or "p.") Passenger-distance Passenger-distance is the distance (km or m ...
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Rail Traffic
Various terms are used for passenger railway lines and equipment; the usage of these terms differs substantially between areas: Rapid transit A rapid transit system is an electric railway characterized by high speed (~) and rapid acceleration. It uses passenger railcars operating singly or in multiple unit trains on fixed rails. It operates on separate rights-of-way from which all other vehicular and foot traffic are excluded (i.e. is fully grade-separated from other traffic). It uses sophisticated signaling systems, and high platform loading. Originally, the term ''rapid transit'' was used in the 1800s to describe new forms of quick urban public transportation that had a right-of-way separated from street traffic. This set rapid transit apart from horsecars, trams, streetcars, omnibuses, and other forms of public transport. A variant of the term, ''mass rapid transit (MRT)'', is also used for metro systems in Southeast Asia and Taiwan. Though the term was almost alway ...
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Net Income
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period,Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning and has also been defined as the net increase in shareholders' equity that results from a company's operations.Needles, et al. (2010) Financial Accounting. Cengage Learning. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions). Definition Net income can be distributed among holders of common stock as a dividend or ...
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Annual Report
An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. They may be considered as grey literature. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved). Content Typical annual reports may include: * General corporate information * Operating and financial review * Director's Report * Corporate governance information * Chairpersons statement * Auditor's report * Sustainability and ESG information * Contents: non-audited information * Financial statements, including ** Balance sheet also known as Statement of Financial Position ** Income statement ...
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Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ...
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Chief Human Resources Officer
A chief human resources officer (CHRO) or chief people officer (CPO) is a corporate officer who oversees all aspects of human resource management and industrial relations policies, practices and operations for an organization. Similar job titles include: ''chief people officer'', ''chief personnel officer'', ''executive vice president of human resources'' and ''senior vice president of human resources''. Roles and responsibilities of a typical CHRO can be categorized as follows: workforce strategist, organizational and performance conductor, HR service delivery owner, compliance and governance regulator, and coach and adviser to the senior leadership team and the board of directors. CHROs may also be involved in board member selection and orientation, executive compensation, and succession planning. In addition, functions such as communications, facilities, public relations and related areas may fall within the scope of the CHRO role. Increasingly, CHROs report directly to chief exe ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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