Business Services Industry
New Jersey Transit Hires Florham Park-Based Management Consulting Firm.
Knight Ridder/Tribune Business News, June, 2002
By Pat R. Gilbert, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Jun. 13--NJ Transit hired a leading management consulting firm Wednesday to help it find places to trim costs and use those savings to improve service, the agency said.
The transit agency's board hired McKinsey & Co. of Florham Park for up to $780,000 to conduct a "comprehensive" review of operations, including costs and revenue.
The firm, which has 84 offices in 44 countries, is expected to perform the work for NJ Transit in two phases. The first phase, at a cost of about $480,000, will identify "immediate" areas where the agency can reduce costs and increase revenues. The second phase, if needed, would cost $300,000 and require the firm to help put into...
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