MTA testing ‘MYmta’ real-time commuting app ahead of release

Penney Vanderbilt and KC Jones: All About Railroads

The MTA is conducting internal tests of its new wayfinding app ahead of its public launch in the coming weeks, amNewYork has learned.

The app, called “MYmta,” will feature trip planning for subways, buses and commuter rails; real-time arrival information for the services, and the ability to locate the nearest stations and bus stops. It will also include real-time information about elevator and escalator outages, subway service statuses and a link out for commuter rail riders looking to buy mobile tickets.

Veronique Hakim, the transit authority’s managing director, sent out a note to employees two weeks ago asking them to voluntarily test the app before it is publicly available.

“The app will be launching soon, but right now we are in the process of identifying bugs and other data issues before we share it with our customers,” Hakim wrote in the note obtained by amNewYork. “That’s where you come in…

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General Electric reportedly looking at spinoff or public offering for its $7 billion transportation business

Penney Vanderbilt and KC Jones: All About Railroads

CNBC

GE's CEO: We're in a 'show me' mode right now

GE’s CEO: We’re in a ‘show me’ mode right now  

General Electric is considering spinning off or a public offering of its GE Transportation business, according to a Wall Street Journal reportThursday citing people familiar with the situation.

The embattled industrial conglomerate has been examining different ways to offload the division over the last six months, the report said. Valued at about $7 billion, GE Transportation could become a model for how the company will trim its management load without directly selling assets, the Journal reported.

CEO John Flannery promised shareholders in October that the company would sell $20 billion in assets as a part of its ongoing restructuring. The conglomerate most recently announced plans for private equity firm Veritas Capital to acquire a GE health-care unit for $1.05 billion in cash.

Speaking Wednesday at CNBC’s Net/Net event, Flannery said he is focused on restructuring GE around three…

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