Printer Friendly
The Free Library
14,505,983 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Driving innovation in D.C.: MV Transportation awarded $540 million to improve metro public transit program.


MV Transportation Inc. (No. 15 on the BE INDUSTRIAL/SERVICE 100 list with $271.9 million in sales) has won a contract with the Washington Metropolitan Area The Washington Metropolitan Area, formally known as the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004.  Transit Authority potentially worth $540 million. Under the terms of the contract, the nation's largest African American-owned transportation management company will receive $210 million for four years co oversee MetroAccess, the transit services that fall under the Americans with Disabilities Act Americans with Disabilities Act, U.S. civil-rights law, enacted 1990, that forbids discrimination of various sorts against persons with physical or mental handicaps.  in the Washington Metropolitan area, which includes Washington, D.C., and parts of Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N).  and Virginia Virginia, state, United States
Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE).
.

The contract gives the company the chance to earn up to $6 million in bonuses if it meet, performance goals, including receiving few customer complaints, providing quick telephone responses to users, and picking passengers up on time. There is also a provision allowing for two, two-year extensions to the deal. The contract is the largest in the Fairfield, California-based company's 30-year history.

"Our company right now is at a revenue rate of about $390 million a year. This contract adds another $50 million to that, so it's a huge addition," says Jon Monson, MV Transportation's chief executive officer. In addition to revenue, Monson says the contract will greatly increase the company's standing in the industry. "It's going to give us a lot of visibility when we fix the problems that the program has had, and give us credibility to continue to grow further."

MV Transportation specializes in paratransit services, which is any type of public transportation service that differs from conventional transit offerings, such as door-to-door pickups and services for the disabled Services for the disabled are those government or other institutional services specifically provided to enable people who are disabled to participate on equal grounds in society. . About 5,000 weekday passengers utilize the services that WMATA WMATA Washington Metropolitan Area Transit Authority  has contracted MV Transportation for.

Beginning Jan. 15, the company will replace LogistiCare Inc., which has managed the paratransit services for the last seven years. WMATA is expecting MV Transportation to make major changes to the current system, including implementing technology that would let passengers make reservations and check on a vehicle's location either by phone or by using the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
.

MV IS LED BY CO-FOUNDERS FEYSON AND ALEXIS LODDE AND MONSON
COPYRIGHT 2006 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:B.E. 100s
Author:Holmes, Tamara E.
Publication:Black Enterprise
Geographic Code:1USA
Date:Jan 1, 2006
Words:338
Previous Article:Will evacuees return to Louisiana to vote? Politicians' agenda in at least two states hang in the balance.(temporary homes for hurricane...
Next Article:Black entrepreneurs tackle Super Bowl XL: Emerging Business Program helps African Americans with contract procurement.(sports tournament management)
Topics:



Related Articles
Not business as usual: B.E. 100s Overview. (The Nation's Largest Black Businesses)(The B.E. 100s)
Unlimited options: Black Enterprise launches a new division to serve the professional and personal needs of B.E. readers. (Publisher Earl G. Graves...
READERS' CHOICE BEST CITIES For African Americans.
MTA MAKES HEADWAY, BUT MORE STILL NEEDED.(Editorial)(Editorial)
WTC hub architect aims to inspire a generation.(World Trade Center Transportation Hub )
The tough get going: in a merciless business environment, the B.E. Industrial Service 100 produced a number of casualties--and winners.(B.E....
Dwyer pushing mandatory life jacket law.(Government)
Firms skid on rising oil and gas prices: CEOs struggle to find solutions to meet their bottom lines.(Chief Executive Officer)
Champions: some companies are knocking out the competition by gaining new clients and market share.
MV transportation loses contract bid: awarding practices spark federal investigation.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles