Brokers and Brokerage

Business Brokerage George Warrington is not the first NJ Transit executive director to apologize to train riders for grueling delays. To acknowledge their pain. To promise to do better. But he is the first to back it up with cold cash to ease the sting of untold busted commutes and missed appointments.

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Forex Broker Almost 60,000 monthly pass holders are eligible for the rail agency's first-ever customer refund, a 15 percent rebate that will range from $20 to $40 for most riders. Warrington figures it could cost his cash-strapped agency about $1.5 million, but that it is the right thing to do after a month with a derailment, a few power outages, including one during the height of an evening rush, and five instances in which delays occurred after people were struck by trains.

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Online Brokerage Riders could not have been more surprised if they had been greeted for the afternoon commute by white-gloved valets escorting them into gleaming cars with plush carpeting, air conditioning and a separate seat for everyone.

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Real Estate Broker It is a nice gesture, even a stunning one. But Star-Ledger reporter Joe Malinconico dug into the statistics and found hard numbers that back up what veteran commuters have been grumbling about: Although July has not been a great month on the trains, neither were most of the months that preceded it.

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Agency Brokerage Spark NJ Transit has missed its goal of 95 percent on-time performance every month except one since last fall. In nine of those 10 months, the delays were worse than in the corresponding period of the previous year. And this is even though, like most commuter railroads, NJ Transit gives itself a built-in break by defining "on time" as anything within six minutes of the schedule.

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Business Broker Almost anything that could cause a problem has. There were the slippery wet leaves on the tracks last fall, the snowy winter, the summer heat, balky new equipment, balky old equipment. The list goes on.

Brokerage Account It's a lousy record and one that underscores the tenuous nature of running a sprawling, mechanically intricate rail system. The refund at least shows NJ Transit recognizes it has an obligation to its passengers. It is capable of embarrassment.

Stock Broker Warrington developed a reputation for customer service during his years at Amtrak. We believe he is serious about improving NJ Transit's performance and we hope he succeeds.

Brokerage Online Stock Trading Otherwise, the 15 percent refund for July could set a risky and expensive precedent.

Broker Justin Ticket Star-Ledger - 7/25/2003

Topic: Trains

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