Uber’s name will be featured on a wide range of promotional materials, including posters displayed at train stations and on Metra trains, timetables, mailing inserts and at ticket office windows.
The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.
Joins Amtrak, New Jersey Transit, Chicago’s Metra, MBTA/Keolis, Long Island Railroad, Metro North, and Pa.’s Strasburg Railroad as carriers that use the system.
Modell was instrumental in growing the system from 17 buses and 30 employees to operating on 10 routes with 79 buses, 5 trolleys and more than 185 employees.
Stations will be Wi-Fi enabled, heated and equipped with security cameras, emergency phones, and next-vehicle alert screens.
Said positions like engineers, train conductors, and those maintaining the tracks on both rail lines like Amtrak as well as subways, should be checked against the watch list, similar to the way airline employees current are.
The cost of the camera systems is being funded in part by a $160-million agreement with the federal government, which will also help cover the cost of new GPS bus-tracking technology and other upgrades.