To Pay Debt, Transit Agency Goes to Market
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The M.T.A., in an effort to raise more than $1 billion, wants to sell or lease many of its 14,000 properties.
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When brokers and fund managers churn, you usually pay.
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FedEx Corp. on Friday said the Department of Transportation demanded the shipping firm repay $29 million of the $101 million in compensation it has already received under the Air Transportation Safety and Stabilization Act.
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The cost of riding Metro would rise an average of 45 cents a trip next year under a proposal being considered by General Manager John B. Catoe Jr. as the transit agency seeks to close a $173 million shortfall and relieve overcrowded trains and buses, sources said.
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The carrier sells its shares at a steep discount to the market price.
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But in this case, it may cost Toronto up to $62 million to pass GO - GO Transit, that is â-efore the city gets its full share of the gas tax.
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Every day, consumers pay untold sums to companies that promise a quick credit fix. Most of the time, that money is wasted.
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(1010 WINS) (NEWARK) NJ Transit&#39;s executive director on Thursday said the agency&#39;s 400,000 daily riders should expect fare hikes of up to 15 percent starting in July to offset a projected $50 million deficit caused by higher fuel and security costs and
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Federal money will be used for a Long Island Rail Road connection to Grand Central Terminal and for a Second Avenue subway.
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Details of plans to charge motorists to drive in to and out of Manchester city centre by private vehicle are to be revealed.
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One way to look at a company is to take into account its cash and debt.
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The Metropolitan Transportation Authority is proposing a tax increase to raise $900 million a year to help pay for a five-year rebuilding program.
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The lawmakers said they were particularly concerned with a key aspect of the agenciesâ business models: they get paid by the companies whose bonds they rate.
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By Tom Holden, The Virginian-Pilot, Norfolk, Va.  Feb. 23--Hampton Roads Transit agreed Thursday to spend $4.9 million on a contract with the Norfolk Redevelopment and Housing Authority to acquire property for the planned light rail project.
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By Ed Mendel, The San Diego Union-Tribune  Feb. 20--SACRAMENTO -- A surge of new highway money from a $19.9 billion  transportation bond has renewed political infighting over whether Caltrans  should use government or private engineers, bringing warnings of possible  project delays.
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The Metropolitan Transportation Authority(MTA), the agency responsible for public transit in Greater New York area, is lowering its projected fare increases and will not lay off employees, officials said Thursday.
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New York City subway riders and local rail commuters and motorists will all pay higher fares and tolls next year as the Metropolitan Transportation Authority on Wednesday approved increases to raise revenues about 3.85 percent.