Accessibility

APTA: Transit riders can save $9,682 annually

Posted on February 11, 2011

The American Public Transportation Association’s (APTA) February “Transit Savings Report” highlights the increasing benefits of switching from driving to riding public transportation. The report notes that by living with one less car and riding public transportation, individuals can save, on average, $9,682 annually, and $807 per month based on the February 10, 2011 average national gas price ($3.12 per gallon-reported by AAA) and the national unreserved monthly parking rate.

Riding public transportation is a proven way for individuals to cut monthly and yearly transportation costs, while also reducing their carbon footprint. APTA releases this monthly “Transit Savings Report” to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.

The national average for a monthly unreserved parking space in a downtown business district is $161.56, according to the 2010 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,939.

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 on the 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 February 10, 2011 at $3.12 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 United States.

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

More News

Calif. students use of dial-a-ride leaves seniors stranded

While residents who depend on the transit service are frequently denied rides, nearly 300 students use the transport daily.

D.C. wheelchair users say they are forgotten in blizzard

With large snow banks everywhere, an open curb usually is the only way a wheelchair user can get on or off the sidewalk.

Pa. agency to add 11 wheelchair-accessible vehicles

The vehicles are set to be in operation in the next four to five months and will be added to the Westmoreland Transit Authority’s current fleet of 60-plus vehicles operated by National Express Transit

San Diego MTS stepping up wheelchair, priority seating enforcement

With the Board’s action to amend MTS Ordinance No. 13, refusal by a rider to vacate priority seating and wheelchair areas for persons with disabilities and the elderly upon request may result in a citation and fines up to $100.

Former Q'Straint sales, tech expert Goss dies

One of Goss's most notable accomplishments was the development of the Q'Straint National Training Seminar, which has evolved into a unique and highly regarded industry program.

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

Please sign in or register to .    Close