Finance Blog number 1

GrandLuxe Rail Journeys of Evergreen has ceased operations.

The company, formerly known as American Orient Express, began offering luxury rail service late last year.

Tom Raider, chairman and owner of GrandLuxe, shut down Friday after the train returned from Tacoma, Wash., the day before. The travel website Leisuregrouptravel.com quoted a letter to clients from Rader in which he wrote, "We are financially unable to continue operations."

GrandLuxe offered 10 different four- to 12-day trips aboard a 21-car train cash advance.

Source