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In brief: Issue 359 3 Apr 2009

Waterloo gating has seen revenue rise 3-4%

Stagecoach-owned South West Trains has recorded a significant reduction in ticketless travel since the introduction of gates at its London Waterloo terminus. Stagecoach chief executive Brian Souter told Transit that there had been a 3-4% increase in revenue at the station since the gates were installed. However, to meet SWT’s business plan, further improvements will need to be delivered. According to City analysts, SWT has budgeted for gating to deliver a revenue increase of over 10% at...

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