Metro Magazine

News

Amtrak's Boardman: Stop taking NEC for granted

Explained that the process of aging and decaying infrastructure is gradually eroding the serviceability of the railroad as underfunding takes its toll. Lost riders and revenues are the clearest manifestation of the problem when a failure occurs.

N.C. agencies seek fare increases

The Raleigh City Council will consider the CAT fare proposal after getting a recommendation from the Raleigh Transit Authority. The Triangle Transit Authority board will decide whether to approve the proposed regional fare increases.

CTA objects to credit rating downgrade

Moody’s Investors Service cut the Aa3 rating on $2.9 billion of the agency's sales tax revenue bonds one notch to A1, citing diminished political will to raise revenue amid growing capital needs. The transit agency countered that it has no plans to seek additional funding, and that sales tax, fare and other revenue is increasing.

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