Was the EZ-Pass I/O Hub contract priced at a loss?It is clear that it was priced as a business investment. While inital margins were keep thin, I don't believe it was priced at a loss.
With the USA moving to a national I/O hub strategy for user pay transportation, QTRH/ETC will operate two of the three hubs - all hub activity east of the Rockies. That places QTRH/ETC to be the defactor national Hub Operator and reap the benefits from that position.
Look to the eastern seaboard/northeast for significant business gains in the next 1-3 years. ETC's technology super impressed the selection group on the NYC congestion pricing initiative but were not in a position ot take on a project of that size at that time. We know from docs that ETC received the highest rating on technology, amongst other criteria where they were highest ranked, on the EZ-Pass Hub award. Keep an eye on Pennsylvania and New York.
Also, keep an eye out for B2C and B2B initiatives that can leverage the Hub's technology and infrastructure. QTRH's management and BoD have bulked up on fintech expertise; that's not a coincidence imo.