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Building on $400 million in cost savings announced in July, today’s announcement brings to $500 million the total expected annual recurring cost savings projected for 2025.
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He will succeed Richard Davey, who served as president of New York City Transit from May 2022 until announcing his departure this week.
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The plan is a major push to expand the reach of OMNY to include all customer groups by the end of 2024, including students, Reduced-Fare, Fair Fares, Access-a-Ride, and pre-tax commuter benefit customers.
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Developed in response to the demonstrated and urgent need to address climate-related threats, the roadmap underscores the MTA’s commitment to ensure reliability and safety in the transit system for generations of New Yorkers to come.
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The LIRR is the busiest commuter railroad in North America, carrying more than 200,000 customers each weekday. Last year in conjunction with the opening of Grand Central Madison and Main Line Third Track, it operated more than 77,000 more trains than it did the prior year.
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Metro-North was able to achieve the record on-time performance while still maintaining its aggressive infrastructure program, with crews working to complete a major switch replacement project on Grand Central Terminal’s upper level.
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In 2023, the MTA launched expanded pilots of multiple features to improve wayfinding in subway stations.
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These contracts are made possible by the support and investment from the federal government.
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The MTA is ahead of schedule toward identifying $500 million in savings annually beginning in 2025.
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Rob Free succeeds Metro-North Railroad President Catherine Rinaldi who had served as Interim LIRR President since February of 2022.
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