Management & Operations

Public transportation users save $9,247, annually

Posted on December 17, 2015

DART
DART

Annual savings for a person who switches their daily commute by car to taking public transportation is $9,247, according to the American Public Transportation Association's (APTA) December Transit Savings Report. Individuals who ride public transportation instead of driving can save, on average, more than $771 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 Dec. 14 average national gas price ($2.01 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

CTA budget proposes $23M in cuts, fare increases after $33M cut in state support

Upon adoption, the fare increase will generate $23 million for CTA operations, while the capital budget includes a new revenue stream from ride-hailing fees that will pay for projects that improve CTA infrastructure and service.

VVTA's Kane wins Distinguished Service Award

The California Transit Association award recognizes individuals who have had long and distinguished careers in the public transit industry and have made outstanding contributions to public transit.

WSP USA names new sr. supervising engineer

In his new position, Benjamin Rodenbough will manage a variety of civil engineering projects involving transit and other transportation infrastructure.

Sound Transit light rail ridership up 26%

The ridership gains within our region are very significant in contrast to recent ridership reductions in many other regions, with Sound Transit services seeing some of the strongest growth in the nation.

New York MTA names Byford president of NYC Transit

A seasoned and highly regarded transportation professional whose work has taken him across three continents over nearly three decades, Andy Byford joins NYC Transit after a widely hailed five-year stint as the CEO of the Toronto Transit Commission.

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