Thanks to everyone that came! We are truly appreciative of all the support we’ve received from the DC transit community and we couldn’t be happier to be here! Here are the highlights:
Last night, we had the pleasure of welcoming friends, family, and colleagues to the official launch of Transit Labs and introduce everyone to our data collection, analysis and modeling services for public transit.
Party-goers had the pleasure of meeting our proprietary transit data management tool, the Transportation Application Platform (TAP), which works with the various parties in the transit sector (urban and rural transit systems, state transportation departments, local transit entities and Federal analysts) to foster better transit.
We also announced that we’re adding another module to TAP that integrates NTD data reporting requirements and FTA formulas to forecast funding allocation formulas and optimize funding opportunities.
“The importance of filing accurate data with the FTA cannot be underestimated,” said Dag Gogue, chief executive officer of Transit Labs. “Having the right tools to optimize funding opportunities really cannot be underestimated.”
Our launch comes just as the FTA begins the process of developing new data reporting requirements for public transit providers in response to the Moving Ahead for Progress in the 21st Century Act (MAP-21). Section 5326 of MAP-21 establishes new requirements for transit asset management by FTA’s grantees as well as new reporting requirement to promote accountability. The Advanced Notice of Proposed Rulemaking was published in the Federal Register on October 3. (http://www.gpo.gov/fdsys/pkg/FR-2013-10-03/pdf/2013-23921.pdf)