Analytics

NJT: How Full is Your Ride?

New green, yellow and red color-coded icons on New Jersey Transit’s mobile app indicate, respectively, light, medium and heavy ridership conditions on the agency’s trains and buses. NJT said it has launched this new feature in a pilot program “that allows rail and bus customers to see how full their ride is before they step on board, making a better-informed personal decision that optimizes their comfort level as they return to the system.”

Digitalizing Interline Settlements

RAILWAY AGE, SEPTEMBER 2020 ISSUE: The average freight railroad conducts thousands of interline settlements representing a significant portion of business revenue. Yet, the push to drive down working capital requirements, reduce outstanding and overdue claims mired in lengthy dispute resolution cycles and accelerate revenue recognition faces headwinds related to limitations of legacy interline settlements in most Class I, II and III railroads.

NYMTA to “Supplier’s 11”: You’re “In Jeopardy”

New York Metropolitan Transportation Authority (MTA) Chairman and CEO Patrick J. Foye sent warning letters to MTA’s 11 largest suppliers on Sept. 17. “The COVID-19 pandemic has exacted a horrific toll in human, social and economic terms across the nation,” he noted in the letters. “I am writing to alert you that because of this financial devastation, many current and all future contracts are in jeopardy without an injection of $12 billion in emergency federal aid.”