Back to CPC
Central Parking System, Inc and the Toll Roads of Orange County Renew Multi-Year Contract

Central Parking System, the nation’s largest parking company, today announced that it has recently renewed its contract with the Toll Roads of Orange County, CA-Transportation Corridor Agencies. Central Parking will operate the toll plazas at the three toll road corridors: the San Joaquin Hills corridor, the Foothill corridor, and the Eastern corridor. There are a total of ten toll plazas and 46 manual toll lanes scattered across 51 miles of roadway, which consist of four state highways: the SR73, SR241, SR261, and the SR133. The multi-year agreement also opens the door to possibly interfacing with the agency on future technology.

Emanuel J. Eads, Central Parking’s President and Chief Executive Officer, said, “We have enjoyed working with the Toll Roads for the past six years and are looking forward to creating continued financial value through our services in the years to come. We are also confident that this relationship will remain mutually beneficial as the Toll Roads continue to gain popularity for convenience to drivers as well as the high quality service Central Parking delivers.”

"Central Parking continues to be a value-added business relationship for the Toll Roads and we are pleased to extend their agreement," stated Jim Gallagher, Chief Toll Operators Officer-Transportation Corridor Agencies.

About The Toll Roads

The Toll Roads have been improving transportation in Orange County, with well maintained and publicly owned toll roads, since the late 1980s. In addition to contributing to better traffic flow through Orange County, the toll roads are also an environmentally conscientious and proactive means of transportation, with dedication to reducing CO2 emissions by lessening slow pollution-producing traffic and preserving and supporting the natural environment surrounding the roadways. For more information, visit www.thetollroads.com.

About Central Parking System

Central Parking System is the leader in professional parking management. With offices in most major metropolitan areas in the United States, the Company operates approximately 2,400 parking facilities containing in excess of 1.1 million spaces. The Company’s clients include some of the nation’s largest owners and operators of mixed-use projects, office buildings, hotels, stadiums and arenas as well as airports, hospitals and municipalities. For more information on the Company, visit www.parking.com and for information specific to New York City, visit www.centralparking.com.

(c) 2009 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
Back to CPC
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki