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Good Move For NJ Transit
Business Brokerage NJ Transit is looking to take over Amtrak's "Clocker" trains, which run during rush hours between Philadelphia and New York. The deal could be a win for everyone, giving riders cheaper, more reliable service, saving NJ Transit money and freeing up badly needed equipment for Amtrak's other trains.
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Forex Broker One big question remains before the transfer, now scheduled for 2006 or so. NJ Transit has not decided whether it will continue running Clockers all the way to Philadelphia or have them start and end their runs in Trenton. Shorter service might save NJ Transit a few dollars, but it would be a mistake.
a presentation by Ralph Braskett of the Committee for Better Transit (NJ Coordinator) style integrated public transit system in our region.
Online Brokerage New Jersey's goal should be to maximize mass transit opportunities in the entire region. That will help keep traffic off our highways and cut pollution in our air.
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Real Estate Broker An NJ Transit takeover of the Clockers makes sense because most of the people who ride the trains are NJ Transit pass users. Amtrak began accepting NJ Transit monthly and weekly passes on Clockers in the 1980s to ease overcrowding on NJ Transit trains. New Jersey has been paying Amtrak about $12 million a year in return.
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Agency Brokerage Spark NJ Transit calculates it can operate the Clockers itself with greater reliability for about $6 million a year, a welcome 50 percent savings. Equipment costs will not go up radically because NJ Transit already supplies Amtrak with engines for the Clockers, and some of the new bilevel rail cars that should be arriving in a few years were planned for Clocker runs. And NJ Transit has a rail yard in Morrisville, Pa.
Today, track railroad tunnels that are nearly a century old. Although they have been upgraded with modern signals and other improvements, they are used to capacity by NJ Transit and Amtrak trains. track tunnel, costing $4 billion to $5 billion, would allow up to 21 more trains per hour to cross beneath the Hudson. It would enhance the value of the Secaucus Transfer Station, nearing completion in the Meadowlands, and enable NJ Transit to electrify the Raritan Valley Line for direct service to New York, eliminating the present transfer in Newark.
Business Broker The takeover could boost ridership, too. Occasional passengers who do not want monthly or weekly passes could buy a daily ticket from Trenton to New York for NJ Transit's fare of $10.40 -- Amtrak charges $40 for the same run.
Brokerage Account Some shortsighted legislators oppose the idea of New Jersey running train service in Pennsylvania as a wasteful subsidy for those who live on the other side of the Delaware. Certainly, NJ Transit should get Pennsylvania to contribute for Clocker costs in that state, but it would be silly to get overly parochial about this.
Stock Broker NJ Transit already runs trains to Philadelphia on the Atlantic City line. Clockers provide needed capacity on the busy Northeast Corridor and a one-seat ride between Philadelphia and New York and New Jersey points in between. That is a huge market worth serving, one that should be expanded for the good of the region's economy and New Jersey's.
Brokerage Online Stock Trading Star-Ledger - 5/6/2004
Topic: Trains
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