Accessibility

APTA: PT users save $9,581 monthly

Posted on December 8, 2010

The American Public Transportation Association (APTA) released its monthly "Transit Savings Report" noting that riding public transportation saves individuals, on average, $9,581 annually, a savings of more than $400 compared to the same time last year, and up to $798 per month based on the Dec. 7, 2010 average national gas price and the national unreserved monthly parking rate.

APTA releases the monthly report to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.

APTA calculates the average cost of taking public transit by determining the average monthly transit pass of local public transit agencies across the country. This information is based on the annual APTA fare collection survey and is weighted based on ridership (unlinked passenger trips).

The assumption is that a person making a switch to public transportation would likely purchase an unlimited pass for their local transit agency, typically available on a monthly basis.

APTA then compares the average monthly transit fare to the average cost of driving. The cost of driving is calculated using the 2010 AAA average cost of driving formula. AAA cost of driving formula is based on variable costs and fixed costs. The variable costs include the cost of gas, maintenance and tires. The fixed costs include insurance, license registration, depreciation and finance charges.

The comparison also uses the average mileage of a mid-size auto at 23.4 miles per gallon and the price for self-serve regular unleaded gasoline as recorded by AAA on Dec. 7, 2010 at $2.96 per gallon. The analysis also assumes that a person will drive an average of 15,000 miles per year. The savings assume a person in two-person household lives with one less car.

In determining the cost of parking, APTA uses the data from the 2010 Colliers International Parking Rate Study for monthly unreserved parking rates for the U.S.

View comments or post a comment on this story. (0 Comments)

More News

New dispatch system gives 'ready window' to UTA paratransit users

This new program eliminates the guesswork for riders, allowing them to walk outside right as the bus arrives.

Metro to expand alternative-to-paratransit program to D.C. and Virginia

Allows eligible customers to use on-demand services — without sharing a ride — at a discounted rate, instead of paratransit.

Lack of transportation options worry seniors, people with disabilities

Combined with not being able to drive, a new poll finds lack of options leaves them feeling frustrated, isolated, and trapped.

MBTA signs amended agreement to bolster system accessibility

The accord called over 200 commitments and obligations to improve the agency's fixed-route accessibility for people with disabilities.

PSTA offers free trips to medical services for low-income seniors

Qualified riders can receive two round trips or four one-way trips per month to medical services such as doctor appointments.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation