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Is Cubic Challenging London Decision? Sources Say Vendor Sent ‘Letter’ to TfL about Contract Award; CEO Today Said Contract ‘Still in a Standstill Period’

by Dan BalabanPosted on August 7, 2025 (September 21, 2025)Posted in Closed LoopTagged Transport for London

Cubic Corp. Chairman and CEO Stevan Slijepcevic, when asked during a companywide “town hall” meeting for employees today about the status of the London revenue-collection contract, said that the vendor is “still in a standstill period and thus cannot...

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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 (August 29, 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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London Contract Award Decision Imminent; Cubic Faces Challenge from Spain’s Indra

by Dan BalabanPosted on July 11, 2025 (September 4, 2025)Posted in Closed LoopTagged Editor's Choice, Transport for London

Transport for London’s finance committee is scheduled to take a key vote on the proposed award of the agency’s new revenue-collection contract on Monday. The much-anticipated contract decision is expected to be worth nearly [...]

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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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Cubic to Launch Open-Payment Overlay Product, Introduces New Pricing Strategy, as It Seeks to Revamp Umo Offer

by Dan BalabanPosted on March 26, 2025 (May 2, 2025)Posted in Mobile TicketingTagged Cubic, Editor's Choice

Cubic Transportation Systems plans to launch its “open-payment overlay” product within 90 days, seeking to give transit agencies the potential to launch open-loop payments with low upfront costs, like the Washington (D.C.) Metropolitan Area Transit...

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Cubic Wins Lawsuit Against LA Metro Seeking to Prevent Agency from Releasing ‘Confidential’ Pricing Information

by Dan BalabanPosted on March 5, 2025 (April 28, 2025)Posted in Open LoopTagged LA Metro

A Los Angeles County superior court judge has ruled in favor of Cubic Transportation Systems in its lawsuit against the Los Angeles Metropolitan Transportation Authority. Cubic has mainly sought to block the release of pricing data related to its $66.4...

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In-Depth: Cubic Lays Out Arguments for Suing LA Metro in Case of ‘Secret’ Pricing Data

by Dan BalabanPosted on February 17, 2025 (April 28, 2025)Posted in Open LoopTagged Editor's Choice, LA Metro

Cubic Transportation Systems contends in recent court filings that it would “surely lose future contracts” to competitors if Los Angeles Metro follows through with its purported plans to release what Cubic argues is a trove of confidential cost and...

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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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Cubic Sues to Block Release of Records by LA Metro Related to Sole-Source Contract

by Dan BalabanPosted on January 31, 2025 (May 14, 2025)Posted in Open LoopTagged Cubic, Editor's Choice, LA Metro

Cubic Transportation Systems has gone to court to block Los Angeles Metro from releasing documents that are part of a $66.4 million no-bid contract upgrade Cubic won last year. The pending release stemmed mainly from a California Public Records Act request...

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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 considered a must-win contract for...

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Search Results for: cubic

Is Cubic Challenging London Decision? Sources Say Vendor Sent ‘Letter’ to TfL about Contract Award; CEO Today Said Contract ‘Still in a Standstill Period’

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

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

Masabi Wins Montreal Contract, Beating Out Cubic, Likely Conduent

Cubic to Launch Open-Payment Overlay Product, Introduces New Pricing Strategy, as It Seeks to Revamp Umo Offer

Cubic Wins Lawsuit Against LA Metro Seeking to Prevent Agency from Releasing ‘Confidential’ Pricing Information

In-Depth: Cubic Lays Out Arguments for Suing LA Metro in Case of ‘Secret’ Pricing Data

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

Cubic Sues to Block Release of Records by LA Metro Related to Sole-Source Contract

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

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

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

Transit Agency Serving California Capital Introduces SaaS-Based Fare System; Plans to Replace Existing Closed-Loop Card and App

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