Ray Melleady will step down as Capital District Transportation Authority's executive director, he confirmed today.
CDTA said in an announcement that Melleady is taking the position of vice president with Neopart, LLC in Honeybrook, Pa. Neopart is an international aftermarket parts distribution firm that specializes in inventory control and logistics for the transportation industry.
Melleady was appointed to the post in 2006, two years after he started at CDTA as deputy director of operations. He also served a few months in 2006 as interim executive director after Stephen Bland left CDTA.
Melleady has been at the helm of CDTA during a tough time for the nearly 40-year-old authority. Ridership increased during his tenure, but CDTA has struggled to finance more buses and routes to meet the demand.
The organization raised the price for a bus ride from $1 to $1.50 in April, the first hike in 14 years, as a way to add revenue.
Since then, however, ridership has fallen. Officials blame falling gas prices with the decline as well as the price hike.