Management & Operations

Public Transportation users save $9,370 annually, according to APTA

Posted on November 3, 2015

prayitno
prayitno

The annual savings is $9,370 for a person who switches their commute to public transportation, according to the American Public Transportation Association's (APTA) October Transit Savings Report. Individuals who ride public transportation instead of driving can save, on average, more than $781 per month.

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. 27, 2015 average national gas price ($2.20 per gallon- reported by AAA) and the national unreserved monthly parking rate numbers.

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 $166.26, according to the 2012 Colliers International Parking Rate Study, which is the most recent report available. Over the course of a year, parking costs for a vehicle can amount to an average of $1,995.

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

More News

Lyft will show CTA, Metra schedules on its app

Chicago is the fifth city in which Lyft rolled out the new feature, called Nearby Transit.

WMATA selling surplus property to cut costs, generate revenue

Properties in Maryland, Virginia, and the District have potential for commercial, residential, and/or mixed-use development.

Voith appoints new director of rail for North America

Garrett Goll has 10 years of experience in the rail industry.

VTA chief receives 'Lifetime Achievement Award' from university group

During her 30-plus-year career, Fernandez has served in leadership roles at some of the largest transportation agencies in the U.S.

Kooistra appointed GM of Minneapolis' Metro Transit

Kooistra will replace Brian Lamb, who is not being re-appointed. Lamb has served as GM since 2004.

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