MTA

MTA, Transit Innovation Partnership Debut COVID-19 Response Challenge

The New York Metropolitan Transportation Authority (MTA) and Transit Innovation Partnership launched a new “COVID-19 Response Challenge” in an effort to engage the private tech industry and rapidly evaluate and deploy innovative technologies that make public transit safer, healthier and more responsive to customer and workforce needs in light of the global pandemic.

Report: MTA Broke by August

According to a report on Bloomberg.com, New York’s Metropolitan Transportation Authority (MTA) will run out of money in August if the U.S. Senate does not approve the economic stimulus measure that would provide about $3.9 billion to the agency, Chairman Patrick Foye said.

Transit Heads to Congress: “We Will Not Be Able to Support Our Regions Without Replenishing Losses”

Metropolitan Transportation Authority (MTA) Chairman and CEO Patrick J. Foye and the leaders of 14 public transportation agencies serving communities who generate 35% of the nation’s GDP in the United States requested additional emergency federal aid for transit systems in a joint letter to U.S. Senate Majority Leader Mitch McConnell, Speaker of the U.S. House of Representatives Nancy Pelosi, Senate Democratic Leader Chuck Schumer and U.S. House of Representatives Republican Leader Kevin McCarthy.

Transit Agencies’ #SoundTheHorn Campaign Aims to Honor Essential Workers

Amtrak, the Metropolitan Transportation Authority (MTA), NJ TRANSIT, the Port Authority of New York and New Jersey, and other regional bus and ferry operators have launched #SoundTheHorn—a coordinated effort to simultaneously sound their vehicle horns at 3 p.m. ET on Thursday, April 16 to honor heroic transportation and other essential workers across the country.

Fitch: Five Transit Agencies on “Rating Watch Negative”

Fitch Ratings has placed the ratings of five large U.S. public transit agencies on “Rating Watch Negative.” Fitch said it “expects widespread and sharp declines in transit ridership and fare revenues to create significant near-term stress in the U.S. public transit sector with the [agencies] identified here at the greatest risk. Some transit agencies in major urban areas that have already been impacted by the pandemic are reporting ridership declines of as much as 70% to 90% amid efforts at social distancing, a widespread shift to telecommuting and shelter-in-place orders.”