Government Issues

Individuals using public transit save $10,103 annually

Posted on August 16, 2013

Individuals who ride public transportation instead of driving can save, on average, more than $842 this month, and $10,103 annually, according to the American Public Transportation Association’s (APTA) August 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 Aug. 14, 2013 average national gas price ($3.53 per gallon- reported by AAA), and the national unreserved monthly parking rate.

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. 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

U.S. DOT awards $900M in BUILD grant funding

For this round of BUILD grants, the maximum grant award is $25 million, and no more than $90 million can be awarded to a single state.

U.S. DOT announces major initiative to support rural transportation needs

Will address the challenges by assisting stakeholders in understanding how to access grants and financing products and developing data-driven approaches to solve issues.

USDOT names winners of automated driving demo grants

Grants aim to gather safety data to inform rulemaking and foster collaboration amongst state and local government, private partners.

FTA announces $19M to support transit oriented development

In order to apply for program funding, an applicant must be an FTA grantee.

Phoenix voters defeat measure to end light rail construction

The vote marks the fourth time since 2000 that Phoenix voters have publicly supported light rail through the election process.

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