Closed Loop Archives - Page 3 of 11

Ratings Agency Warns of ‘Onerous Debt Burden’ for Cubic, but Says Vendor’s Transit Clients Shouldn’t Worry

by Dan BalabanPosted on February 17, 2025 (April 28, 2025)Posted in Closed LoopTagged Cubic

S&P Global, a major ratings agency, has downgraded Cubic Corp.’s credit rating to CCC+ from an already low B-, warning of an "onerous debt burden" for the company that includes…

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Conduent Says Its Melbourne Fare Project is ‘Progressing Well’; That’s Not Exactly the Consensus Opinion in Victoria

by Dan BalabanPosted on February 13, 2025 (March 14, 2025)Posted in Closed LoopTagged Editor's Choice, Melbourne

The planned fare system in Melbourne and Victoria state in Australia is believed to be at least two years behind schedule, a key subcontractor has left the job and Victoria…

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Abu Dhabi Procuring Account-Based Ticketing System; Process May Have Reached New Stage

by Dan BalabanPosted on February 6, 2025 (May 15, 2025)Posted in Closed LoopTagged Abu Dhabi, Dubai

One or more short-listed vendors for Abu Dhabi’s planned fare system are believed to have made their pitches to the Integrated Transport Centre in recent days and weeks, Mobility Payments…

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In-Depth: Cubic Gets Must-Win Contract in Philadelphia, Beating Accenture on Price; Incumbent Conduent Sent Packing

by Dan BalabanPosted on January 27, 2025 (September 18, 2025)Posted in Closed LoopTagged Editor's Choice, Philadelphia, SEPTA

Cubic Transportation Systems, as expected, won a major fare-system contract from the Southeastern Pennsylvania Transportation Authority in Philadelphia, with the SEPTA board approving a $211 million deal Thursday. It was…

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Another Report Surfaces of Problems for Conduent Project in Melbourne

by Dan BalabanPosted on January 21, 2025 (February 22, 2025)Posted in Closed LoopTagged Melbourne

A local report that hit over the weekend is pointing to more problems for Melbourne’s AU$1.7 billion (US$1.1 billion) fare-system overhaul, with a key subcontractor reported to have walked away…

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Tip Sheet: Cubic Contract Award Back on Agenda for SEPTA Board Meeting in Philadelphia

by Dan BalabanPosted on January 16, 2025 (March 3, 2025)Posted in Closed LoopTagged Editor's Choice, SEPTA

The proposed award of a $211 million fare-system contract for Cubic Transportation Systems is back on the agenda for a board meeting of Philadelphia transit agency SEPTA scheduled for next…

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Conduent Misses Chance to Compete for Danish Validator Contract–by a Millimeter

by Dan BalabanPosted on January 16, 2025 (February 17, 2025)Posted in Closed LoopTagged Denmark

Denmark’s national ticketing agency, Rejsekort & Rejseplan, or RKRP, last week announced that it and the country’s major transport operators had hired Belgium-based vendor Prodata Mobility to supply around 9,000…

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Dutch Transport Agencies Set New Date for Turning Off 20-year-Old Closed-Loop Card Program–in Two Years; Will They Make It?

by Dan BalabanPosted on January 2, 2025 (January 10, 2025)Posted in Closed Loop, Open LoopTagged Editor's Choice, Netherlands, OVpay

Transport agencies in the Netherlands, the first country of any size to accept open-loop fare payments nationally, are having a more difficult time with a complementary piece of their new…

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Report: Conduent and State Transport Officials in Melbourne at ‘Loggerheads’ Over Contract, but State Denies Problems

by Dan BalabanPosted on November 11, 2024 (November 12, 2024)Posted in Closed LoopTagged Melbourne

Transport officials in the Australian state of Victoria continue to deny there are any problems with the implementation of a new ticketing system by U.S.-based supplier Conduent Transportation, despite new…

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Tip Sheet: Will Conduent Put Its Transit Fare-Collection Business on Sale Again?

by Dan BalabanPosted on October 31, 2024 (February 17, 2025)Posted in Closed LoopTagged Conduent, Denmark, WMATA

Conduent, a major fare-system vendor, may again be shopping for a buyer for its fare-collection business, sources told Mobility Payments, though the company has not announced it is planning to…

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Category: Closed Loop

Ratings Agency Warns of ‘Onerous Debt Burden’ for Cubic, but Says Vendor’s Transit Clients Shouldn’t Worry

Conduent Says Its Melbourne Fare Project is ‘Progressing Well’; That’s Not Exactly the Consensus Opinion in Victoria

Abu Dhabi Procuring Account-Based Ticketing System; Process May Have Reached New Stage

In-Depth: Cubic Gets Must-Win Contract in Philadelphia, Beating Accenture on Price; Incumbent Conduent Sent Packing

Another Report Surfaces of Problems for Conduent Project in Melbourne

Tip Sheet: Cubic Contract Award Back on Agenda for SEPTA Board Meeting in Philadelphia

Conduent Misses Chance to Compete for Danish Validator Contract–by a Millimeter

Dutch Transport Agencies Set New Date for Turning Off 20-year-Old Closed-Loop Card Program–in Two Years; Will They Make It?

Report: Conduent and State Transport Officials in Melbourne at ‘Loggerheads’ Over Contract, but State Denies Problems

Tip Sheet: Will Conduent Put Its Transit Fare-Collection Business on Sale Again?

Canada’s BC Transit Plans to Launch Open-Loop Payments, as Cubic Seeks to Keep Pace in SaaS-Ticketing Market

Seoul to Support Open-Loop Payments by Next Year on Buses, 2027 on Metro

Cubic’s Recently Installed Head of Europe Departs Abruptly; Maitland Under Pressure

Cubic Contends It was Low Bidder and should have Won London Contract; Claims Unfair Treatment, Possible Conflict of Interest as Details of Lawsuit Emerge

Tip Sheet: Cubic Believed to be Sole Vendor in Running for Sydney Deal; TfL: Revenue-Collection Procurement Not Over Yet; Madrid Seeks ABT System

Cubic’s Recently Installed Head of Europe Departs Abruptly; Maitland Under Pressure

Cubic Contends It was Low Bidder and should have Won London Contract; Claims Unfair Treatment, Possible Conflict of Interest as Details of Lawsuit Emerge

Review of New Zealand National Fare Project Predicts More ‘Significant Delays’ and Likely Cost Overruns; Government in ‘Commercial' Talks with Cubic, Others

One Year On: Denmark’s Bold Mobile-First Strategy has Reached Nearly 50% Adoption; Getting the Rest Could be More Difficult

Updated: Cubic Short-Listed for Must-Win Sydney Contract; Hitachi Rail, Others, Believed Out