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

WSP USA's L.A. office names new transportation leadership team

Members have operated in Southern California, delivering numerous complex infrastructure projects, including high-speed rail.

VIA Metropolitan Transit adds to executive management team

Marisa Bono the Public Engagement Group as chief strategic officer and Curtis Koleber is the agency’s new head of Transportation.

Keolis names new CEO of U.S. bus operations

Aline Frantzen joins Keolis in the U.S. from Keolis’ flagship operation in the United Kingdom, where she served as managing director of the Manchester Metrolink system

Houston METRO calls for $3.5B transit bond vote

The METRONext plan includes 75 miles of METRORapid BRT service, 16 additional miles of light rail, and 290 miles of BOOST or optimized bus service along heavily traveled routes.

St. Louis Metro names new public safety leadership team

Stephen Berry, Kevin B. Scott, and Vernon L. Summer will be responsible for the ongoing development and implementation of the transit system’s comprehensive security program.

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