Bus

APTA: Public transportation users save $9,934 annually

Posted on October 25, 2012

Individuals who ride public transportation instead of driving can save, on average, $828 this month, and $9,934 annually, according to the American Public Transportation Association’s (APTA) October Transit Savings Report.

The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle, which includes the Oct. 24, 2012 average national gas price ($3.63 per gallon- reported by AAA) and the national unreserved monthly parking rate.

APTA notes a simple way to avoid the rising parking rates is to swap your daily car trip for travel on your local bus or train.

The national average for a monthly unreserved parking space in a downtown business district is $166.26, according to the 2012 Colliers International Parking Rate Study. Over the course of a year, parking costs for a vehicle can amount to an average of $1,995. The cost of the daily downtown daily parking rates increased in 2012 by an average of 1.6% or an extra $132 per year compared to the rates in 2011.

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.

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

More News

CCW touts cost-effective solution to California electric bus mandate

Remanufactures used, internal-combustion engine buses into like-new vehicles containing ZEPS all-electric drivetrain systems.

Toronto to add 10 more New Flyer battery-electric buses

The original contract was TTC’s first transit bus order from New Flyer since 1999, and has an additional 20 options remaining.

Big Blue Bus making real-time signs, lighting, and Wi-Fi upgrades

The advancements are underway and expected to be completed by mid-2019.

Complete Coach Works launches new website

The new website gives users a seamless transition from desktop to mobile browsing.

SEPTA exercises options for more New Flyer hybrid-electric buses

Purchase supports agency’s program, focused on achieving sustainability through a “triple-bottom-line” approach.

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