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 [...]
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...
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...
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...
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...
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...
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...
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...
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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