New book by Larry Connors Click here Improve your trading - See how
On August 17, the South Coast British Columbia Transportation Authority, better known as TransLink, officially opened the Canada Line and hosted a "Fare-Free Day" across all 16 Canada Line stations, with thousands of passengers taking a free inaugural trip on the 12-mile system. A day later, on August 18, Cubic's fare collection equipment began operation. So far, TransLink has seen an average of 82,500 riders per day since the fare collection system launched. Passenger support of the new line has been very good, and the forecast of achieving 100,000 daily riders within two years of opening is well on track.
"We're very pleased that this project was completed ahead of schedule and that the new line is so popular. We will be able to ensure that the system operates smoothly for our many customers and for the scores of Olympic spectators coming to Vancouver in 2010," said Ron Aitken, Director, Contract Services and Business Development for TransLink.
"Demand has exceeded expectations, and Cubic is proud that we are part of a system which serves local needs now and will be playing an important international role in the near future," commented Richard Wunderle, senior vice president and general manager for Cubic Transportation Systems, which designed, developed, manufactured and installed the new system.
The Canada Line extends from Vancouver's waterfront to the city of Richmond, and to Vancouver International Airport. The Cubic-developed fare collection system includes new touchscreen vending machines that allow passengers to select from six languages -- English, French, German, Chinese, Japanese and Punjabi -- to purchase tickets. Patrons can use cash, Visa and MasterCard credit cards and certain debit cards for payment. Cubic also delivered ticket validating machines which allow FareSaver program participants to validate their ticket before boarding a bus or train.
All transactions are processed through Cubic's Nextfare Solution Suite(R), a powerful central computer system that provides sophisticated data reporting, administrative and management capabilities.
The successful launch of the Canada Line ticketing system is Cubic's latest effort in two decades of transportation projects in British Columbia. Cubic's first project was delivering fareboxes for Coast Mountain Bus, a TransLink subsidiary. Later, Cubic developed and installed ticketing systems for the SkyTrain's Millennium and Expo rail lines. The interoperability of Cubic's ticketing systems lets passengers transfer seamlessly between TransLink's bus and rail services.
About Cubic:
Cubic(R) Transportation Systems, Inc. is one of two major segments of Cubic Corporation. Cubic Transportation Systems is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.
Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; New York / New Jersey region; Washington, D.C. / Baltimore / Virginia region; Los Angeles region; San Diego region; San Francisco; Minneapolis/St. Paul; Chicago; Atlanta; Miami; Vancouver and Edmonton, Canada; Brisbane, Australia; and Scandinavia.
Cubic Corporation's defense segment is a world leader in realistic combat training systems, mission support services and defense electronics. For more information about Cubic, see the company's website at www.cubic.com.
Contact: Jan Stevens 858-505-2174 jan.stevens@cubic.com
SOURCE: Cubic Corporation
mailto:jan.stevens@cubic.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
