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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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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 (April 30, 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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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 state politicians are sweating their chances in the next election if the project...

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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?

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

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

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?

Sydney Open-Loop Concession System Will be Available to Nearly a Million Riders, as Interest Grows in Technology

Updated: Cubic Loses Sydney Contract in Another Major Blow to Fare-System Vendor

D.C. Transit Authority to Award Contract Worth Up to $75.9 Million to Indra; Cubic to Get Separate Sole-Source Deal

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

Special Report: San Francisco’s MTC and Cubic Battle Through Problem-Plagued Launch of Clipper 2.0