Management & Operations

NJ Transit approves 10% fare increase

Posted on January 9, 2002

New Jersey Transit approved an average 10% fare increase on Monday for its 380,000 daily train and bus riders. The new fare policy initiative, effective April 1, 2002, is the first step NJ Transit will take to close a projected $3.1 billion operating and capital budget gap. The fare policy will generate an additional $38 million annually. NJ Transit, the nation's third largest public transit system, has not implemented a fare increase since 1991. The system's farebox revenues fell 29% since 1991, while expenses rose 67%.

View comments or post a comment on this story. (0 Comments)

More News

New York MTA names Byford president of NYC Transit

A seasoned and highly regarded transportation professional whose work has taken him across three continents over nearly three decades, Andy Byford joins NYC Transit after a widely hailed five-year stint as the CEO of the Toronto Transit Commission.

TransLoc announces MARTA, Detroit as MicroTransit Challenge winners

The Challenge sought to identify the nation’s most visionary municipal transit agencies and reward them with the expertise, planning resources, data analytics, and predictive modeling to help stimulate demand-driven, flexible transit in the communities they serve.

LA Metro teams to bring shared rides to select train stations

The project will be supported in part by a $1.35 million from Mobility on Demand Sandbox grant from the Federal Transit Administration FTA.

SCRTTC Hits $50K Milestone with Transit Scholarship Awards

Each year, the James A Ditch Educational Fund promotes careers in public transit by accepting applications for scholarships from college students enrolled in automotive/transportation courses.

New Flyer to invest $28 million in Ky. facility

The Shepherdsville, Ky. facility will fabricate parts for the manufacture of New Flyer transit buses, MCI motorcoaches, and spare parts for NFI Parts.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close