MTA

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.”

MTA Transit Tech Lab Seeks Submissions

The New York Metropolitan Transportation Authority (MTA) and the Partnership for New York City announced the second round of the Transit Tech Lab, described as “an accelerator program that allows the MTA and other public transportation agencies to explore innovative, private sector solutions to problems they face in operating the region’s subway, bus and commuter rail services.”

New York City Transit subway

MTA to Increase Train Speed 50% on Certain Track

The Metropolitan Transportation Authority (MTA) released preliminary findings of the Train Speed and Safety Task Force that demonstrate subway train speeds on certain sections of track can be increased by as much as 50%. The task force initiated the study with engineering firm STV, with the help of Transport Workers Union, that remains ongoing but has already determined four core areas of focus that would lead to faster trains while prioritizing customer and employee safety.