Laying tracks to profits? Yes, for large railroad firms – but for some of their shipping customers, profits are taking a hit. As the financial news publication noted, large rail firms such as Union Pacific Corp. and Norfolk Southern are lengthening trains, while tightening schedules and...
Cubic Corporation announced Monday (November 26) that its Cubic Transportation Systems unit and Transport for New South Wales will expand the contactless payment system to cover Sydney’s train network. In a press release, Cubic said the expanded partnership comes on the heels of successfully bringing contactless...
The European Union has launched an inquiry into deals between players in the air travel industry that may have resulted in a slew of companies colluding to hike airline ticket prices consumers pay. The Financial Times, citing EU competition commissioner Margrethe Vestager, reported the regulator...
It’s that time of the year: crowded airports, missed connections, maybe the surprise of an upgrade (to stretch out those legs after sitting all day in meetings or at a holiday gathering). There is also the chance (please no, not this time) of some hassle...
Booking flights is no longer just about charging it to the card — that is, corporate or individual credit cards. Technology has made it possible to use methods spanning eWallets and even POS financing to pay for trips across the globe, as UATP CEO Ralph...
Airlines and hotels are not payments companies — and they don’t want to be. They are in the business of flying planes and managing hotel rooms and that is where they would prefer to lay their focus. But, like it or not, payments are not...
Airlines often have a tough time with an inconvenient yet necessary aspect of running their businesses — quickly moving passengers between flights. Whether airlines face bad weather, oversell a flight or find additional revenue opportunities at a higher yield, it’s not always easy rebooking passengers....
The global travel industry generates approximately $1.4 trillion in revenue annually and, in doing so, spends 5.4 percent of its revenue processing payments. In fact, worldwide airlines, travel agencies and hotels spend some $75 billion per year to pay their payment service providers. That’s as...
