Public transit is a critical component of a smart and connected community. As such, citizens expect and require accurate information about real-time arrival/departures of transportation assets. As transit agencies enable large-scale integration of real-time sensors and support back-end data-driven decision support systems, the dynamic data-driven applications systems (DDDAS) paradigm becomes a promising approach to make the system smarter by providing online model learning and multi-time scale analytics as part of the decision support system that is used in the DDDAS feedback loop. In this paper, we describe a system in use in Nashville and illustrate the analytic methods developed by our team. These methods use both historical as well as real-time streaming data for online bus arrival prediction. The historical data is used to build classifiers that enable us to create expected performance models as well as identify anomalies. These classifiers can be used to provide schedule adjustment feedback to the metro transit authority. We also show how these analytics services can be packaged into modular, distributed and resilient micro-services that can be deployed on both cloud back ends as well as edge computing resources.