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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 (February 24, 2026)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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Tip Sheet: Montreal Authority Reissues RFP after Disappointing Results; Promises to be More Flexible This Time

by Dan BalabanPosted on October 16, 2024 (October 17, 2024)Posted in Open LoopTagged Montreal, Netherland

Montreal-area transport authority, Autorité régionale de transport métropolitain, or ARTM, has reissued its call to tenders, as promised, for a new account-based ticketing system, after having cancelled the previous tender request in August because of...

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Tip Sheet: Washington, D.C., Short Lists Vendors for Open-Loop Payments Project

by Dan BalabanPosted on October 2, 2024 (December 4, 2024)Posted in Mobile Ticketing, Open LoopTagged Editor's Choice, SEPTA, WMATA

The Washington (D.C.) Metropolitan Area Transit Authority, or WMATA, one of the largest subway operators in the U.S., has narrowed its procurement for an open-loop payments project to a short list containing as few as two vendors, Mobility Payments has...

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Tip Sheet: Cubic Faces Major Test in Holding onto Sydney Fare Project; Rumors Say It May Partner with Another Major Vendor

by Dan BalabanPosted on September 5, 2024 (October 7, 2025)Posted in Mobile Ticketing, Open LoopTagged Editor's Choice

With tenders due next month for Sydney’s much-anticipated Opal Next-Generation fare project, attention has turned to the fate of incumbent vendor Cubic Transportation Systems. Cubic is not believed to be held in the highest regard by Transport for New...

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Search Results for: accenture

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

Tip Sheet: Montreal Authority Reissues RFP after Disappointing Results; Promises to be More Flexible This Time

Tip Sheet: Washington, D.C., Short Lists Vendors for Open-Loop Payments Project

Tip Sheet: Cubic Faces Major Test in Holding onto Sydney Fare Project; Rumors Say It May Partner with Another Major Vendor

Tip Sheet: Next Major Fare-System Contract Award Could be in Sydney; It’s a Must-Win for Cubic

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

Miami Disqualifies Top-Ranked Cubic for $40 Million Back-Office Contract; Vendor Vows to File Objection and to ‘Pursue all Available Remedies’

In-Depth: Cal-ITP Open-Loop Procurement Program Records Biggest Year in 2025 but Several Challenges Remain

Los Angeles-Area Commuter Rail Operator Seeks to Offer Open Loop in Time for World Cup, Olympics; Hopes to Fare Better than Northern Counterpart

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

Miami Disqualifies Top-Ranked Cubic for $40 Million Back-Office Contract; Vendor Vows to File Objection and to ‘Pursue all Available Remedies’

In-Depth: Cal-ITP Open-Loop Procurement Program Records Biggest Year in 2025 but Several Challenges Remain

Miami to Reconvene Selection Committee after Vendors Challenge Cubic’s No. 1 Ranking for Back-Office Deal; Cubic Threatens Protest

Analysis: Cubic Takes Big Hit to Reputation in Losing Transport for London Contract, as Debt Woes Mount