In the last month over 44,000 bus passengers a day have used the 'One More Journey' feature introduced to ease the transition of buses going cash free.
It allows users to make one more journey should they not have enough credit on their Oyster card or if their travel card or pass has just expired.
Of those passengers, over 80% have topped up before making a further journey. As a result of this, cash fares dropped and so were only used for 0.7% cent of all journeys on London buses.
Transport for London will save £24m a year by stopping taking cash on buses. They have said the money will be re-invested to further improve London's transport network
As of tomorrow morning buses in the capital will no longer accept cash to pay for fares.Read the full story ›
New figures released by Transport for London have shown that one person is hospitalised every day in a bus crash in the capital.
The report showed that 86 people had been taken to hospital in accidents over the past three months, which equates to an average of one each day. Boris Johnson will face questions on the figures at Mayor's Question Time later this afternoon.
Since the Congestion Charge was introduced in 2003, TfL says more than £1.2 billion of revenue has been re-invested in transport, including:
- £960m on improvements to the bus network
- £102m on roads and bridges
- £70m on road safety
- £51m on local transport/borough plans
- £36m on sustainable transport and the environment
The £1.50 increase is the first since 2011 and is in line with inflation. The Congestion Charge over the last decade has reduced traffic levels by thirty percent and this increase will continue to deter unnecessary journeys into central London.
"The project is about freeing up capacity on the city surface and reclaiming space for public parks, pedestrians and cyclists,” says TfL.Read the full story ›
Transport for London staff from three transport unions are on strike this morning.
Backroom staff from the RMT, TSSA and Unite unions are staging a 24 hour walk-out in a dispute over pay and pensions.
The Transport for London commissioner Sir Peter Hendy is appearing on radio station LBC this morning.
His radio appearance comes a day after further strike action by RMT members was averted.
A three day strike had been planned to take place this week.
Staff at Transport for London are ready to fight against plans to freeze wages and cut final salary pensions, the Transport Salaried Staffs Association have said.
Supervisors and managers have voted to go on strike over the plans.
Manuel Cortes, the union's general secretary, said:
We have George Osborne telling us that he has now beaten the cost of living crisis with wages ahead of inflation while the Mayor of London plans to inflict his very own brand of cost of living crisis on our members in TfL.
He not only wants to freeze wages by scrapping annual increases but wants to cut final salary pensions as well. Needless to say, this plan does not apply to senior managers.
This is hypocrisy of the first order. We took action in February to defend our members' jobs in the ticket office closure dispute and we are now ready to do the same at TfL.