Metro Magazine

Bus

A-Z changes name to Fleet Financing Resources

A boutique-style lender, the company specializes in commercial vehicle financing and leasing of new/used titled equipment. Resources offers tailor-created funding options for all types of transportation equipment, ranging from buses, tractor-trailers, taxis, limousines and corporate fleets.

Three companies invest $150M in Clean Energy

The $150-million investment is in the form of 7.50 percent convertible notes due in 2016. The notes will be convertible into shares of Clean Energy common stock at $15 per share. The closing of the investment is scheduled to occur on or before Aug. 30, 2011 and is subject to customary conditions.

Updated: Transit systems prepare for Hurricane Irene

Satellite photo of Eastern U.S. Courtesy NOAA-NASA GOES Project.

D.C. Metro maintenance personnel have delivered more than 2,000 sandbags at stations that historically have had water flow above the curb, down the escalators into stations. Supervisors will monitor critical locations, such as bus garages, parking garages, and flood-prone areas throughout the weekend.

Phoenix bus drivers negotiating to avoid strike

Bus company negotiators and union drivers will resume talks in an attempt to avert a strike. Nearly all of the system’s drivers voted to reject a labor contract proposal and authorize a possible walk out, due to a dispute over wages, health insurance and sick leave.

MBTA names interim GM

Serving for more than 10 years as the T's Deputy GM/chief financial officer, Jonathan Davis directs the financial management and accounting functions of the MBTA, manages the operating and capital budgets, and oversees the collection of all revenue.

L.A. approves installation of 6,000 bus benches

Public works officials have accused Norman Bench of failing to disclose how much money it had collected from its ads. The city had the option of sharing in that revenue but failed to ask Norman Bench for its financial information until February 2010, which appalled several council members

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