Passenger Bus, Rail and Motorcoach Industry News

Program estimated to generate around $1,000 to $5,000 per month at no cost to the authority.

The City and County of Honolulu's rail agency collected $49.02 million from the surcharge for the rail project for the quarter that ended Dec. 31, 2011, which was $12.08 million more than the $36.94 million projected.

It is estimated that it will take IMG six months to one year to identify, evaluate and solicit sponsorship proposals for CTA's assets.

In addition to revenues from the general excise tax, now expected to be $3.3 billion over the next 20 years, the project shaved off $200 million from the cost officials reported in a financial plan submitted to the Federal Transit Administration.

A budget proposal presented to the transit agency's board last month estimated that between $1 million and $2 million per year could be generated selling station naming rights to corporate sponsors.

ARI is currently in negotiations with American Railcar Leasing LLC (ARL), an affiliate, to enter into an agreement pursuant to which ARL would identify potential leasing customers for ARI in exchange for fees payable by ARI to ARL.

Believes its proposed new fee levels will both encourage states to aggressively enforce the UCR fees rule and generate the necessary revenue to execute state motor carrier safety programs.

Notable successes included a 12 percent increase in pre-owned motorcoach sales compared to the previous year, Sprinter Shuttle sales doubling 2007’s numbers and substantial growth from its Orlando Metro Service Center.

Two-hour transfers and day passes will not be impacted by the increases.