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

Governor orders NJ Transit audit

The audit will include a review of NJ Transit's finances, leadership structure, hiring process, and customer service.

North American Bikeshare Assoc. names president, VP, secretary

For the first time, the organization is led by all women in the roles of executive director, president, VP, and secretary. Out of a 15-person board, six are women.

Harsco Rail appoints new VP of Sales

Allan Branham will serve as the rail and construction supplier's VP of North America Sales and Global Contracting Services.

Port Authority CEO making review of fare enforcement policy a priority

The proposed policy would use armed policy officers to enforce fare payment.

Chicago RTA approves 5-year 'Invest in Transit' strategic plan

New regional plan sets a bold, yet practical, vision for “public transit as the core of the region’s robust transportation mobility network.”

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