SSA Takes Up Budget, Rate Hikes at Meeting on the Vineyard
Louisa Hufstader

A 2020 operating budget, fare hikes for the coming year and a preliminary new design for the Woods Hole terminal are expected to be discussed when boat line governors meet on the Vineyard Tuesday.

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SSA Traffic and Revenue Numbers Drop; Governors Consider Financial Remedies
Julia Wells

Traffic is down, revenues are down, there's an economic downturn going on and the weather has been awful.

As a result of all this, the Steamship Authority will begin to sell advertising space on the ferries and in the boat line terminals to pick up some extra cash.

Boat line managers also said yesterday that they will continue to pursue a plan to change the winter ferry schedule on the Vineyard run as a way to save some money.

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SSA Raises Tariffs on Parking, Freight
Ian Fein

Passenger and Car Fares Stay the Same But Commuters, Truckers, Schools All Can Expect Sharp Increases

HYANNIS - Vineyard residents will shoulder the bulk of next year's rate increases, which were unanimously approved by Steamship Authority governors at their monthly meeting in Hyannis on Wednesday.

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Boatline Reports Profit Drop in 2005
James Kinsella

The Steamship Authority continued to make money last year, though not as much as boat line managers anticipated.

Unaudited numbers show that the SSA, beset by rising fuel costs and falling passenger traffic, brought in $1,491,957 in operating income in 2005 - a decrease of about $1.3 million from the prior year, and about $2.6 million below budget projections.

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SSA Budget Is Busted by Oil
Mike Seccombe

Rising world oil prices have blown a million dollar hole in the budget of the Steamship Authority and forced the boat line to refigure its budget for a second time.

However, governors balked at management’s advice that they should immediately consider fare increases to cover the extra projected cost, opting instead to put off any revenue decisions until January.

If the price of oil remains high, governors will consider measures that include a fuel surcharge.

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Boatline Keeps Budget in Black; Terminal to Be Ready in April
Mike Seccombe

The Steamship Authority is on track to finish a difficult year in reasonably good financial shape, the last board meeting of 2009 was told last week.

As of the end of October, the boat line’s net operating income was almost $12 million, some $2.8 million better than forecast.

The monthly business summary continued the good-in-parts trend of recent months: revenues were sharply down, but so were costs.

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