If Federal Transit Funding Falls Short, Will the Private Sector Fill the Gaps?
- A lack of a dedicated funding as well as additional expansion over the years has given Metrorail problems.
- Transit agencies have been relying on special equipment made only by a few US companies.
- Technical support from manufactures as well as organized safety culture that includes procedures for employees to follow are needed in order to improve the process.
The US’ urban centers continue to explode in population size decade after decade, and with more people comes more traffic. Many cities either rely heavily on public transit or try to incentivize the use of it to cut down on congestion. In D.C, for example, the rail and bus system serves a population of four million passengers. Recently, D.C. commuters have faced delays after Metrorail decommissioned nearly 60 percent of its rail fleet to investigate a derailment, which the Safety Commission attributed to a defective axle. MarketScale contacted Matt Dean, graduate student at the Cockrell School of Engineering at the University of Texas to give his assessment on if this reflects the net effect of municipalities’ investments, or disinvestments, in public transit over the years.
If Metrorail or other agencies can’t create a safe, resilient system, then it’s no surprise riders will look elsewhere, and so private sector ride hail companies may attract customers in the short term. Prices will rise as taxi companies wane and investors look for profits after years of subsidizing growth in this market. Since road space is limited, the growth of ride hail companies is limited to passengers’ willingness to sit-in traffic. And if public transit can’t safely provide cost effective service for the masses, then they may have to adopt innovative partnerships with the private sector. Of course, there’s a lot of competition right now in the mobility space, and the public should expect the sort of blurring of the lines between public transit and private companies in the years to come.
More Stories Like This:
Trucks Move 72% of Our Goods, Will Infrastructure Capacity Force This to Shift?
Education, Not Money, Will Build the Future of America’s Infrastructure
Adapting the SLR Magic of Anamorphic Filmmaking to the Panasonic Lumix Ecosystem Creates Endless Filmmaking Possibilities
The Panasonic Lumix System revolutionized independent filmmaking through the convergence of a handheld DSLR style body, larger than video camera sensors for a narrow depth of field, and the versatility and utility of interchangeable lenses. By being mirrorless and with the use of adapters, a broad gamut of vintage and modern lenses became available for […]
AV is Bridging the Gap Between the Real World and the Metaverse at Industry Conferences
How is AV helping bridge the gap between the real world and the metaverse? Some of the best examples can be seen in the midst of large-scale trade shows and industry events. For example, ETHDenver, an annual blockchain conference held in Denver, Colorado, hosts more than 20,000 technologists every year to innovate and develop […]
Why Authentic Content Should Be at the Forefront of Your Company’s Marketing Strategy
Media today is the most powerful it’s ever been, and with the introduction of new channels to consume it daily, the consumer can become easily overwhelmed with a plethora of choices. How does your channel stand out? Authentic media might be the clickbait. With the likes of TikTok, YouTube, and streaming services like Spotify, […]