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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 (March 3, 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 considered a must-win contract for...

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Incumbent Supplier Accenture Believed to have Won Toronto Contracts, Despite Efforts by Agency to Find New Vendors

by Dan BalabanPosted on November 15, 2023 (January 6, 2024)Posted in Closed LoopTagged Metrolinx

Transit officials in Toronto are believed to have chosen to rehire their incumbent fare-system provider–IT services firm Accenture–to supply a new account-based system, sources told Mobility Payments. [...]

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Tip Sheet: Speculation Aside on Contract Winner, Losing London would be ‘Big Blow’ to Cubic

by Dan BalabanPosted on July 18, 2025 (July 24, 2025)Posted in Closed LoopTagged Editor's Choice, Tip-sheet

Also: Cubic, Other Vendors, Don’t Appeal Loss to Masabi in Montreal; Baltimore Transit Agency Plans Open Loop; but Timeline Unclear [...]

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Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

by Dan BalabanPosted on July 16, 2025 (July 23, 2025)Posted in Closed LoopTagged Editor's Choice, Transport for London

Transport for London’s finance committee approved the agency’s new revenue-collection contract earlier this week, but the agency declines to say who won, promising only that the winning vendor will be announced “in due course.” As Mobility Payments...

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Masabi Wins Montreal Contract, Beating Out Cubic, Likely Conduent

by Dan BalabanPosted on June 20, 2025 (July 24, 2025)Posted in Closed LoopTagged Montreal

UK-based Masabi has won a contract reported to be worth at least CA$125 million (US$91.1 million) from Montreal-area transport authority ARTM, beating out Cubic Transportation Systems, likely incumbent Conduent Transportation and four other suppliers. It's...

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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

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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Cubic Expected to Win Major Fare-System Contract in Philadelphia

by Dan BalabanPosted on December 12, 2024 (February 11, 2025)Posted in Open LoopTagged SEPTA

Cubic Transportation Systems is expected to win the major fare-system project from the Southeastern Pennsylvania Transportation Authority, or SEPTA, an up to $211 million deal to implement and operate the agency’s planned Key 2.0 system. Update: SEPTA...

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Search Results for: accenture

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

Incumbent Supplier Accenture Believed to have Won Toronto Contracts, Despite Efforts by Agency to Find New Vendors

Tip Sheet: Speculation Aside on Contract Winner, Losing London would be ‘Big Blow’ to Cubic

Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

Masabi Wins Montreal Contract, Beating Out Cubic, Likely Conduent

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

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?

Cubic Expected to Win Major Fare-System Contract in Philadelphia

‘Standstill’ Period Could End as Soon as Tomorrow; Will Transport for London Sign Revenue-Collection Contract Soon?

Tip Sheet: Speculation Aside on Contract Winner, Losing London would be ‘Big Blow’ to Cubic

Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

London Contract Award Decision Imminent; Cubic Faces Challenge from Spain’s Indra

Masabi wasn't Low Bidder for Montreal Fare-System Contract; Vendor was Likely Helped by Special Pricing Clause in RFP

Tip Sheet: Speculation Aside on Contract Winner, Losing London would be ‘Big Blow’ to Cubic

Transport for London Committee Approves New Revenue-Collection Contract, but Agency Stays Mum on Winner; Speculation Grows

London Contract Award Decision Imminent; Cubic Faces Challenge from Spain’s Indra

Masabi wasn't Low Bidder for Montreal Fare-System Contract; Vendor was Likely Helped by Special Pricing Clause in RFP

Paris Transport Authority Still Insists Costs Too High to Support Open Loop, but Resistance Appears to be Falling