Latest news with #fareincrease
Bloomberg
19 hours ago
- Business
- Bloomberg
Philadelphia Transit Braces for Sweeping Service Cuts
Philadelphia commuters are set to lose dozens of bus routes, rail stations and five rail lines starting August 24, after the city's transit agency SEPTA voted on Thursday to approve a 2026 budget that slashes services by 45%. The budget will also raise fares by 21.5% as officials continue to press the state for help addressing a $213 million operating deficit. Since the Covid pandemic, mass transit across the US — faced with a collective $6 billion shortfall — has been hurtling toward a ' death spiral,' in which sweeping cuts decimate ridership, leading to declining revenues and further service reductions. Few systems are under more financial pressure than SEPTA, whose officials warn that the repercussions 'will be almost impossible to reverse,' and are likely to affect people well beyond the city, Sri Taylor reports. Today on CityLab: Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares
BBC News
a day ago
- Business
- BBC News
Tyne and Wear Metro fares to rise next week after postponement
Fares on the Tyne and Wear Metro and the Shields Ferry will rise next price increases had initially been due in April but were postponed earlier in the year by North East Mayor Kim McGuinness following the travel disruption caused by the closure of the Gateshead 1 July, the cost of a single journey on the Metro using a Pop card will go up from £1.80 to £2.00 for one zone, £2.70 to £2.90 for two zones and £3.40 to £3.60 for Nexus said the fares needed to rise to help address the "challenges of higher operational costs". But Nexus official Helen Matthews said fares for people aged 21 or under would remain frozen at £1."We are freezing fares for young people, which meets region-wide ambitions to make public transport more affordable for them and support the mayor's plans to tackle child poverty," she said. Paper ticket fares for the Metro are also set to rise as Nexus encouraged more people to use its pay-as-you-go (PAYG) smart card system next week, the cost of a single journey paper ticket will go up from £2.80 to £3.00 for one zone, £3.80 to £4.00 for two zones and £4.50 to £4.70 for three zones."If customers switch to PAYG this year, they will be paying the same prices as paper ticket holders were paying in 2020," said Ms average all fares are going up by about 4.6%, she said, even though Nexus' operational costs had increased by more than 5% over the last year."Metro is a public service and doesn't make a profit, so we require financial support from both central and local government, alongside the revenue that we generate from fares, to operate the system," she said.A single journey on the Shields Ferry using a Pop card will rise from £1.50 to £1.60 next Tuesday.
News24
3 days ago
- News24
CATA, Codeta reach peace deal after deadly taxi route feud, but commuters will now pay more
Commuters will now pay R30 instead of R23 for a trip on the contested route. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
RNZ News
5 days ago
- Business
- RNZ News
Public Transport Fares Rising
From next week, prices on public transport around the country are going up - as councils try to meet a directive from the Government to pay more of the cost of delivering the services. The Transport Agency has written to local councils , and transport authorities at the end of last year asking them to increase their private share, from tickets sales and advertising, rather than from rates or government funding. Each council has negotiated with NZTA and worked out a price increase before putting that to ratepayers. Fares will increase in Waikato, Taranaki, Wellington, Canterbury and Invercargill. Northland's bus fares are going up from the beginning of August. The BayBus service around Tauranga and Bay of Plenty increased prices in April, while the Otago Regional Council has agreed to raise prices but it hasn't set out when that will Canterbury the bus service has had a flat fee of $2 in a push to increase patronage, and the council pushed back on NZTA to keep prices moderate - they are going up to a flat fee of $3. To embed this content on your own webpage, cut and paste the following: See terms of use.
CBS News
19-06-2025
- Business
- CBS News
South Shore Line fares from Indiana to Chicago increasing July 1
A previously approved fare increase takes effect on the first day of July for riders on the Indiana commuter train. It is the first fare increase in seven years, the agency said. Fares are increasing 10% rounded to the nearest quarter. So, for example, a one-way ride from Hegewisch to Zone 1 will increase from $6.25 to $7, and to Zone 2 from $5.50 to $6.25, or from South Bend to Zone 1 will increase from $14.25 to $15.75. Click here to see a full listing of new fare costs for single rides and multi-ride packs and passes. The South Shore Line said as part of the increase, they are enhancing discounts on multi-ride tickets for frequent travelers. A 10-ride ticket discount will go from 5% to 10%, and a 25-ride ticket discount will go from 10% to 20%. A monthly ticket comes with 33% savings based on a 21-day work month, the agency said.
