Jonathan Peters appears in Asbury Park Press

According to a recent story in the Asbury Park Press, the New Jersey Turnpike Authority was No. 1 in toll revenues collected in the nation in 2012.

A toll industry newsletter, Toll Roads News, ranked the Turnpike Authority as tops in the nation with a total of $1.39 billion in toll revenue received last year.

“On a national scale, these are high numbers … that’s because they raised the tolls,” said Jonathan Peters, finance professor at the College of Staten Island, who studies toll road finance. “When you raise your price, it’s a good thing for your business.”

Read the full article at app.com>

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