president s report - cta
TRANSCRIPT
PRESIDENT’S
REPORTMarch 10, 2010
STATUS OF CTA FINANCES
2
Focus on revenue generation and strict budget controls
$200M in revenue generated since March 2009
STATUS OF CTA FINANCES
Monitor external factors beyond our control
Federal activity: potential jobs bill and extension of transportation
funding bill
State activity: means test bill to potentially reduce senior free ride
program
RTA announcement regarding low working cash levels
3
5000 SERIES RAIL CARS
4
Revenue service testing to begin in a few weeks
Several months of testing across the system and in different seasons
Cars are similar in appearance, but with many new features
Alternating current (AC) propulsion system
Regenerative braking
Smoother acceleration
Aisle-facing seating
Electronic signage
RIDERSHIP SINCE FEBRUARY 7, 2009Overall ridership down in the four weeks since the cuts
Weekday ridership is down 2.2%
Weekend ridership is up 5.3%
SystemSystem
- 1.0 %
BusBus
- 4.0%
RailRail
+4.0%
5
UP
0.6M
DOWN
1.0M
DOWN
0.4M
FEBRUARY 2010 RIDERSHIP
39.5M rides provided in February
Appears that bus customers have migrated to rail service
SystemSystem
- 1.3 %
BusBus
- 3.8%
RailRail
+2.7%
6
DOWN
0.5M
UP
0.4M
DOWN
0.9M
PRESIDENT’S
REPORTMarch 10, 2010