JUTC records more than 15% revenue increase from day one of new system
The Jamaica Urban Transit Company (JUTC) reportedly recorded a 15-20 per cent increase in revenues on Monday resulting from the roll out of its new sub-franchise system.
Managing Director of the JUTC Collin Campbell was, however, unable to give a dollar figure yesterday evening as he said he was out of office and did not have the report of the day's inflows at hand.
He told our news centre that the bus company has set a target of a 40 per cent or $5 million increase in daily revenues.
Nevertheless, the JUTC Managing Director says the bus company is pleased with the revenue intake from the first day of the new system.
The JUTC has introduced 404 buses across the Kingston Metropolitan Transport Region and have reclaimed some of its routes as it tries to move from a loss-making position.
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