Tag:

Liquidity Crisis

COVID-19: Metro-North To Cut Service With Ridership Falling To All-Time Low COVID-19: Metro-North To Cut Service With Ridership Falling To All-Time Low
Covid-19: Metro-North To Cut Service With Ridership Falling To All-Time Low With commuters staying home due to the novel coronavirus outbreak that’s gripping the nation, the MTA announced it will be cutting down its service amid historically low ridership numbers. Beginning on Friday, March 27, with the MTA reportedly losing weekly losses of more than $100 million with ridership down more than 90 percent, the organization has laid out a new “Essential Service Plan.” The plan calls for extra trains during peak commuting hours for first responders and health care workers, though the MTA will be cutting services throughout the rest of the day, MTA Chair Patrick Foye …