History Drives Innovation
With roots dating back to 1880, SPX Genfare pushes forward with digital fares
By Tara Farnsworth
SPX Genfare, Charlotte, NC, builds from roots that date back to 1880 and the invention of the first farebox by Johnson Farebox Company, which acquired Cleveland Farebox in 1938. Both companies eventually folded into Keene in 1960, which another older company, General Signal, acquired, along with another of its competitors, Duncan, to form GFI Genfare in the early 1980s. SPX then acquired GFI Genfare in 1998 as part of the General Signal acquisition.
Today, SPX Genfare’s transit clients reach more than 3 billion commuters and collect approximately $5 billion in revenue annually. The company says its proven experience sets it apart and makes it uniquely qualified to continue partnering with transit agencies for many years to come. (full article)
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