Cubic Confirms It Outscored Indra on Technical Points, Despite Losing Big Contract in Ireland
Cubic Transportation Systems has confirmed that it topped the winning vendor, Spain-based Indra, on technical points in the recent competition for the large next-generation ticketing system contract in Ireland, Mobility Payments has learned.
The contract award secured by Indra is worth €243.6 million (US$260.1 million), according to an official
Tip Sheet: Cubic Lays Off More Employees; Contends It Needs to ‘Become Leaner’ and More Competitive
Cubic Transportation Systems is laying off more employees in an effort, it says, to “become leaner and more responsive” to the market, Mobility Payments has learned.
The U.S.-based vendor, the largest fare-system supplier globally, already laid off more than 200 employees last summer. The latest round of layoffs is expected to be smaller than this previous one.
U.S. Agency Approves Sole-Source Contract for Cubic, Asserting It Would Save 30% by Avoiding Competitive Procurement
Officials in the U.S. state of Minnesota, as expected, gave final approval this week to a $37.7 million sole-source contract for incumbent supplier Cubic Transportation Systems to upgrade the Minneapolis-St. Paul fare system to offer open-loop payments, account-based ticketing and fare capping.
But while staffers with the agency–Metro Transit–said it would save an estimated 30% on costs by hiring
U.S. Transit Agency to Overhaul Fare System; Plans to Keep Incumbent Vendor Cubic with No-Bid, 5-Year Contract
Another mid-tier transit agency in the U.S. plans to accept open-loop payments, under a planned fare system overhaul that will also implement account-based ticketing.
Metro Transit, which serves the Minneapolis-St. Paul metropolitan area in Minnesota, disclosed this week it plans to hire Cubic Transportation Systems with a no-bid, five-year contract worth an estimated
Tip Sheet: Cubic’s Listening Tour; Novel RFP in Montreal; Delays in Sydney; ‘Next Steps’ for Ireland
Cubic Transportation Systems president Peter Torrellas and the corporate turnaround expert he hired, Rich Varos, have held a series of meetings with Cubic clients and partners starting late last year. Both execs only joined the vendor in the fall–their first jobs in the transit fare industry–so perhaps it’s understandable that
Cubic Hires New ‘Chief Growth Officer;’ Replaces Head of Business Development
Cubic Transportation Systems has hired a new “chief growth officer,” who will oversee business development, strategy and marketing, as the struggling fare-system supplier seeks to win more new contracts and hold onto its existing business, Mobility Payments has learned.
The move, which is expected to happen Monday, will shift longtime Cubic senior vice president of business development Ian Woodroofe out of this role.
New Cubic President Fires Former Top Engineer Considered Protégé of Ex-President
Peter Torrellas, who officially took over as president of Cubic Transportation Systems last week, has made what is believed to be his first major personnel move, dismissing the former senior vice president of engineering and products Galen Chui, Mobility Payments has learned.
Torrellas announced Chui’s departure today to Cubic employees (see message on this page). Chui, who will leave the company Nov. 10, has served in a lesser post, as general manager of the Asia-Pacific
Torrellas Takes Over as President of Cubic Transportation Systems; Can He Get Vendor Back on Track?
Peter Torrellas this week officially took over as president of Cubic Transportation Systems, the largest fare-system supplier globally, but one that is facing major challenges in the market.
Torrellas replaces Jeffrey Lowinger, whose more than three-year tenure as head of Cubic Corp.’s transportation division was marked by the acquisition of the company by private equity, employee
Cubic’s MaaS Point Man: Control of MaaS Apps by VC-Funded Start-Ups Coming to an End; Whim App Chief: Not So Fast
Andy Taylor, senior director, global strategy for Cubic Transportation Systems contended that the MaaS market is at a crossroads and could fail if it doesn’t change course, including putting cities and public agencies firmly in the “driving seat” of MaaS apps.
MaaS Global CEO: Transit Agencies Should Not Control MaaS Platforms
Sampo Hietanen, founder and CEO of Finland-based MaaS Global agrees with most other industry experts that public transit should form the “core” of the mobility services on offer in any mobility-as-a-service app or platform. But he contends that it would be a mistake for the agency itself to run the platform, which Cubic Transportation Systems and some transit authorities have suggested.