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Public Transportation

All articles tagged with #public transportation

Gas Prices Push Americans Toward Public Transit, But Funding Trails Behind
business2 days ago

Gas Prices Push Americans Toward Public Transit, But Funding Trails Behind

Rising gas costs have pushed more Americans to use public transit, with notable ridership gains in Los Angeles, San Diego, San Francisco, Washington, D.C., and Amtrak; yet transit agencies are financially strained and depend on public funding, prompting emergency loans and policy bills to prevent service cuts while continuing capital projects like the L.A. Metro D Line extension.

World Cup train fare to MetLife Stadium jumps to $150
world1 month ago

World Cup train fare to MetLife Stadium jumps to $150

NJ Transit will charge about $150 for a round‑trip train to MetLife Stadium for World Cup matches, roughly 12 times the usual $12.90 fare for the 9‑mile ride from Manhattan, as officials say the price is needed to recoup hosting costs. About 40,000 fans per match are expected to use mass transit, with limited on‑site parking; alternatives like an $80 round‑trip Midtown Manhattan shuttle and $225 parking at the American Dream Mall are available. FIFA says it shouldn’t have to fund fan transport, while New York Governor Kathy Hochul criticized the high price; MetLife will host eight World Cup games including the final, and NJ Transit plans to spend tens of millions transporting fans, prompting criticism and reminders of past capacity challenges.

Power Restored to Most of San Francisco After Holiday Outage
local-news5 months ago

Power Restored to Most of San Francisco After Holiday Outage

A major power outage in San Francisco affected 130,000 PG&E customers, caused by a fire at a substation, disrupting transportation and leaving streets dark during the holiday season. Power was mostly restored by evening, but the outage led to suspended services and stalled autonomous vehicles, prompting safety advisories from city officials. Weather forecasts predict more rain and potential outages as the holiday approaches.

Illinois approves $1.5B plan to overhaul Chicago-area public transit
local-government6 months ago

Illinois approves $1.5B plan to overhaul Chicago-area public transit

Illinois lawmakers approved a $1.5 billion transit funding package to prevent major service cuts in Chicago, including new revenue sources like sales tax redirects, toll increases, and no fare hikes for a year, while removing proposed taxes on streaming and luxury goods. The bill aims to address the transit agencies' financial struggles caused by pandemic-related ridership drops and federal grant reductions.

NYC Transit Fares Increase to $3 Amid Public Outcry
local8 months ago

NYC Transit Fares Increase to $3 Amid Public Outcry

The MTA board approved a fare increase in NYC, raising the subway and bus fare to $3, along with a 4.5% increase in monthly tickets and a 7% toll hike, starting in January. The transition to the OMNY tap-to-pay system will eliminate coin payments and the 30-day unlimited ride option, but fare capping will continue to limit weekly spending to $35. The fare hike is part of a broader effort to balance the MTA's budget amid rising costs.

Via's IPO Raises $493 Million Despite Slightly Above IPO Price Trading
business8 months ago

Via's IPO Raises $493 Million Despite Slightly Above IPO Price Trading

Via's IPO opened slightly below its $46 share price but recovered to close just above it, valuing the company at around $3.9 billion. The company raised nearly $493 million, with proceeds aimed at growth and potential acquisitions. Despite still being in the red, Via is close to profitability and emphasizes its focus on supporting local government transit, especially benefiting low-income and disabled riders.