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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 week, where the award is expected to gain approval. As Mobility...

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U.S. Agency SEPTA was to Vote Today on Cubic Contract Award before Canceling Agenda Item–was Rival Vendor Conduent Involved?

by Dan BalabanPosted on December 19, 2024 (March 3, 2025)Posted in Open LoopTagged SEPTA

After months of delay, the board vote on a much-anticipated award of a contract for the Key 2.0 fare system by Philadelphia transit agency SEPTA was scheduled for today. The agency staff has recommended that Cubic Transportation Systems be hired for the $211...

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Conduent Agrees to Sell Transit Fare Business to Modaxo, Retaining Its Road Tolling Unit

by Dan BalabanPosted on May 22, 2026 (May 22, 2026)Posted in Closed LoopTagged Conduent

U.S.-based Conduent has announced a deal to sell its public transit fare-system business for a low $164 million to Canada-based Modaxo Group, while keeping its tolling business. The deal, which is set to close before the end of the year, would give Modaxo by...

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Final Prep by Transit Agencies for World Cup: Will Promise of Open Loop Compel Spectators to Take Buses and Trains?

by Timothy SunderlandPosted on April 30, 2026 (May 22, 2026)Posted in Open LoopTagged Editor's Choice, World Cup

With six weeks to go before the kickoff of the 2026 FIFA World Cup, transit agencies in 16 host cities across North America are making final preparations to accommodate the throngs of visitors expected for more than 100 matches. All the main transit agencies...

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Sound Transit Ponders Fare Gate Options, as It Loses Millions in Uncollected Fares

by Timothy SunderlandPosted on March 16, 2026 (April 19, 2026)Posted in Closed LoopTagged Fare gates

This past December, Sound Transit’s board of directors in Seattle told CEO Dow Constantine to produce a fare gate retrofit implementation study, along with plans for a potential pilot. The deadline is the end of June 2026. Focusing the mind of transit...

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Transit Agencies Spending Millions to Replace Gates; Suppliers See an Opportunity

by Timothy SunderlandPosted on January 5, 2026 (February 10, 2026)Posted in Closed LoopTagged Editor's Choice, Fare gates

Transit agencies in the U.S. and beyond are spending tens or hundreds of millions of dollars–and, in the case of the New York’s Metropolitan Transportation Authority, potentially more than a billion–as they replace aging gates and seek to combat fare...

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Maitland Out at Cubic; CTS President Montgomery-Torrellas to Take Over ‘Growth’ Position Himself

by Dan BalabanPosted on October 30, 2025 (February 24, 2026)Posted in Closed LoopTagged Cubic, Editor's Choice

David Maitland, who headed business development for Cubic Transportation Systems, is out after fewer than 18 months with the struggling fare-system supplier, Mobility Payments has learned. The vendor does not plan to hire a replacement. Cubic in internal...

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

by Dan BalabanPosted on October 17, 2025 (November 25, 2025)Posted in Closed LoopTagged Cubic Transportation Systems, Editor's Choice

William Wilson, who took over Cubic Transportation Systems’ EMEA region only six months ago, has left the company abruptly, Mobility Payments has learned. It’s not clear whether he quit or was fired. Wilson, former CEO of Siemens Mobility’s UK...

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Cubic Execs Seek to Calm Worries among Agencies and Employees as Its Poor Showing in London and Lawsuit against TfL Sink in

by Dan BalabanPosted on August 14, 2025 (October 5, 2025)Posted in Closed LoopTagged Editor's Choice, Transport for London

Less than a week after the stunning disclosure by Cubic that it had filed a lawsuit against Transport for London seeking to challenge the loss of the agency’s coveted revenue-collection contract, executives are trying to allay concerns among other transport...

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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 Cubic Transportation Systems. The primary analyst for the ratings change told...

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Search Results for: SEPTA

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

U.S. Agency SEPTA was to Vote Today on Cubic Contract Award before Canceling Agenda Item–was Rival Vendor Conduent Involved?

Conduent Agrees to Sell Transit Fare Business to Modaxo, Retaining Its Road Tolling Unit

Final Prep by Transit Agencies for World Cup: Will Promise of Open Loop Compel Spectators to Take Buses and Trains?

Sound Transit Ponders Fare Gate Options, as It Loses Millions in Uncollected Fares

Transit Agencies Spending Millions to Replace Gates; Suppliers See an Opportunity

Maitland Out at Cubic; CTS President Montgomery-Torrellas to Take Over ‘Growth’ Position Himself

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

Cubic Execs Seek to Calm Worries among Agencies and Employees as Its Poor Showing in London and Lawsuit against TfL Sink in

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

Ex-Cubic Executives Worked on Winning Bid for INIT in Sydney, Helping Smaller Cubic Rival Score Major Upset

Conduent Agrees to Sell Transit Fare Business to Modaxo, Retaining Its Road Tolling Unit

SaaS-Ticketing Vendors Begin to Bring Open-Loop Payments to Small and Mid-Tier Transit Agencies in North America

U.S. Transit Agency Plans to End Free Fares, Go Cashless and Launch Open Loop–All under Tight Deadline

Final Prep by Transit Agencies for World Cup: Will Promise of Open Loop Compel Spectators to Take Buses and Trains?

Ex-Cubic Executives Worked on Winning Bid for INIT in Sydney, Helping Smaller Cubic Rival Score Major Upset

U.S. Transit Agency Plans to End Free Fares, Go Cashless and Launch Open Loop–All under Tight Deadline

Final Prep by Transit Agencies for World Cup: Will Promise of Open Loop Compel Spectators to Take Buses and Trains?

Officials Plan First Statewide Open-Loop Rollout in U.S.; but Say Federal Rules Bar them from Buying Through Cal-ITP

State Auditor: Conduent Rollout Schedule for Melbourne Project ‘Overly Optimistic’; Transport Officials Ignored Signs of Risk