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PA's venture programme (PA Group Ventures) was established in 2000. [ 50 ] Ventures include a third-generation mobile phone business called UbiNetics that was sold for a total of $133 million in 2005; [ 51 ] [ 52 ] and Meridica – a drug delivery system company – that was sold to Pfizer for $125 million in 2004. [ 53 ]
Trenton Transit Center is the main passenger train station in Trenton, New Jersey. It is the southernmost stop in New Jersey on the Northeast Corridor . It is the terminus for NJ Transit trains to and from New York City and SEPTA Trenton Line Regional Rail trains to and from Philadelphia , Pennsylvania , and an intermediate station for Amtrak ...
New Jersey Transit was created by the Public Transportation Act of 1979 to “acquire, operate and contract for transportation service in the public interest.” In 1980, it purchased Transport of New Jersey, at that time the state’s largest private bus company, including its bus maintenance and storage facilities; [1] it has subsequently acquired numerous other previously privately-owned or ...
The goal of a consultant hired to do a restructuring analysis of NJ Transit was to identify $300 million in cuts for the coming fiscal year NJ Transit contract to cut $300M in costs hidden from ...
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NJ Transit Rail Operations (NJTR) was established by NJ Transit (NJT) to run commuter rail operations in New Jersey. In January 1983 it took over operation from Conrail , which itself had been formed in 1976 through the merger of a number of financially troubled railroads and had been operating commuter railroad service under contract from the ...
NJ Transit Bus Operations came into being the following year, when it acquired Transport of New Jersey from PSE&G. [4] Other purchases and buyouts in the 1980s expanded the bus division of NJ Transit, including the assumption of service for Somerset Bus Company in 1982 and the acquisition of the Atlantic City Transportation Company in 1987. [5]
A Pennsylvania Railroad class GG1 train, built for the Pennsylvania Railroad in the 1930s–1940s, hauls a commuter train into South Amboy station in 1981. NJT was founded on July 17, 1979, an offspring of the New Jersey Department of Transportation (NJDOT), mandated by the state government to address many then-pressing transportation problems. [5]