2013-12-04: Moody’s Investor Services have uprated the outlook for US tollroads from negative to stable. They think traffic should grow 1.5% on a median basis in 2014, which they describe as a “sustainable comeback” from the 3% decline since 2009.
They think toll revenues should grow to a “mid-single digit percentage range” in 2013 and 2014 which we guess means 4% to 6%.
2013-12-04: So far 3M has had all the sales of 6C transponders in the North American toll market but that has changed today with the announcement that Confidex of Finland has made a sale to E470 Public Highway Authority which does the electronic tolling for three toll facilities in the Denver CO area. It’s a small sale of about $30,000, we understand for supply of 50,000 tags.
That’s 60c apiece!
Amazon’s prototype Prime Air delivery drone looks like a very practical way for big automated warehouse vendors to get into lowcost retailing of perishables like fruit, meat, fish and milk. As well as giving new meaning to Express delivery service.
The E-ZPass Group has announced work with OmniAir Certification Services (OCS) to specify a testing program for ensuring full compliance of competitive equipment with E-ZPass readers and tags. OCS was hired by the E-ZPass Group for fees of around $50,000 to detail the testing needed. The documents are due to be completed by the end of the year.
2013-11-27: Paul Violette, 23 years the chief executive at the Maine Turnpike and a former president of IBTTA, is being released from jail today after serving 20 months of a 3.5 year sentence for years of living high off the Turnpike.
2013-11-26: Taiwan’s major highways will transition to all-electronic free flow operations early next year - about 900km, 540 miles of tollroad which include three north-south routes with 22 toll points doing about 1.7 million transactions a day (600m/yr) and generating some $700m of annual toll revenue. In the new all-electronic system tolls will be levied at 319 toll points producing finer grained pricing than the old mix of manual and ETC.
Maryland moves another slow step toward getting new Nice Bridge on Lower Potomac, but it’s a near-20 year processBy Peter Samuel 9 days ago
2013-11-25: Maryland Transportation (Toll) Authority (MdTA) has approved the next move on the long slow journey to a replacement of a bridge built in the term of one Governor Harry Nice (1936-40.) They have committed some $56m over five years to buying the right-of-way and getting design work done. There’s no commitment to actual construction yet.
2013-11-22: There’s talk the PANYNJ is canceling or has cancelled the controversial new $82m new toll system contract with ETCC. One source says the contract is being cancelled, the other that it has been canceled but we haven’t been able to get either an official confirmation or denial out of PANYNJ.
The project is seriously behind schedule - apparently 15 to 18 months behind.
2013-11-21: An extensive report in the Wall Street Journal (WSJ) on the financial troubles of investor toll operations has some news or details we haven’t gotten and deserves attention. Headlined “Drop in Traffic Takes Toll on Investors in Private Roads” the report by Ryan Dezember and Emily Glazer starts on the front page and spills over to fill an inside page.
The reporters say they got some of their information from court records.
2013-11-20: South Africa’s transport minister Dipuo Peters said the Gauteng ‘e-toll’ system will begin December 3. It will be one of the world’s bigger all-electronic networks when it goes live on some 300km, 185 miles of urban expressway in the 9 million population, 2.3 million vehicle Johannesburg/Pretoria metro area.