Changes in Travel Behavior Affecting Transit
|
|
- Rosalyn Deborah McGee
- 5 years ago
- Views:
Transcription
1 Changes in Travel Behavior Affecting Transit TRB Executive Committee Wednesday, January 10, 2018 Steven E. Polzin, PhD.
2 Outline What is going on with travel What factors are influencing transit use Critical Issues going forward
3 U.S. Context and Travel Trends 2015/ / /2016 YTD Months Source U.S. Population 0.8% 0.5% 0.7% - Census Total Employment 1.7% 1.7% 1.2% 11 BLS Real GDP 2.9% 1.5% 2.2% 9 BEA (3 rd estimate) Gas Price -29.3% -14.8% 15.0% 11 EIA Registered Cars and Light Trucks 2.1% 1.5% 3.0% 12 proj. Hedges Co. Light Vehicle Sales 5.8% 0.1% -1.5% 11 BEA VMT 3.5% 2.8% 1.3% 10 FHWA Public Transit Ridership Amtrak Ridership (FY) -1.0% to -2.2% -2.3% to -1.6% -3.1% 9 APTA and NTD -0.3% 1.9% 2.3% 8 Amtrak Airline Passengers 5.3% 3.9% 3.2% 9 USDOT, BTS
4 National VMT and VMT per Capita Trend, Moving 12-Month Total, ,500 8 year reprieve 14,000 Vehicle-Distance Traveled (Billion Miles) 3,000 2,500 2,000 1,500 1, Annual Vehicle-Distance Traveled (Billion Miles) VMT per Capita 12,000 10,000 8,000 6,000 4,000 2,000 VMT per Capita, Annual 0 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 0
5 National VMT & GDP Trends National VMT & Household Income of Bottom 80% of US Households VMT (billions) 3,500 3,000 2,500 2,000 1,500 1, VMT Total (Billions) GDP in 2016 dollars ($Billions) ,000 17,500 15,000 12,500 10,000 7,500 5,000 2,500 0 GDP in Billions of 2016 US Dollars VMT (Billions) 3,500 3,000 2,500 2,000 1,500 1, VMT Total (Billions) Household Income of Bottom 80% (2015 $Millions) ,000,000 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 0 Total Household income of Bottom 80% in Billions 2015
6 U.S. Transit Ridership and Ridership per Capita Annual Ridership, Billions Rides, Billion Annual Trips per Capita
7 U.S. Transit Ridership, Fixed Route, 12-Month Rolling Average Hundreds of Millions JAN08 APR08 JUL08 OCT08 JAN09 APR09 JUL09 OCT09 JAN10 APR10 JUL10 OCT10 JAN11 APR11 JUL11 OCT11 JAN12 APR12 JUL12 OCT12 JAN13 APR13 JUL13 OCT13 JAN14 APR14 JUL14 OCT14 JAN15 APR15 JUL15 OCT15 JAN16 APR16 JUL16 OCT16 JAN17 APR17 JUL17 OCT17
8 Top 40 UZAs by 2016 Transit Ridership, Change (Millions) Top 40 urban areas make up 83.9% of U.S. ridership decline from Source: NTD Monthly Raw Database
9 Car, truck, or van -- carpooled Public transportation Walked Bicycle Other means Worked at home Declining Carpooling and Growing Work-at-Home Dominate Trends 12% Mode Share, Usual Commute 10% 8% 6% 4% 2% 0% % 5.10% 5.00% 2.70% 1.20% 0.60%
10 Where are We Headed? Transit ridership near 60 year high Millennials are different We passed peak VMT We are urbanizing and CBD s are thriving Developers embrace transit Strong Referendum success TNC s address firstmile/last-mile issue Transit ridership loss accelerates in 3 rd year of decline Millennials buy cars and move to suburbs VMT and VMT/Capita continue growth Growth and migration resume historic patterns System conditions, reliability, health care costs, etc. plague transit operators How much will that subway cost? When will Hawaii's rail system open? How is that new streetcar doing? TNC s can cannibalize transit ridership Why do we need transit with CAV? 2018?
11 Framework for Understanding Changes in Transit Ridership 1. Demographics and Land-Use 2. Transit Service Quality 3. Competition Supply Demand How much of ridership change is explained by these factors?
12 Framework for Understanding Changes in Transit Ridership 1. Demographics and Land-Use Age Geographic Distribution across Metros Geographic Distribution within Metros (within proximity of service?/gentrification) Income Licensure Levels Auto Ownership Poverty Levels (SNAP enrollment) Unemployment Reduced College Student Ridership (APTA report) Core Values
13 Aging Population has a Negative Impact on Ridership Tirps per person per day Share of trips taken via transit % 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Age group % 2.6% 2.0% 1.8% 1.6% 1.5% 1.0% 1.2% 1.1% Age group Persons (Millions)
14 Migration and Growth are Higher in Low Transit Use Areas Top 10 Largest-Gaining Counties (Numeric Change): July 1, 2015 to July 1, 2016 County Population Numeric Change Percent Change Transit Commute Share 2015 Largest-Declining Counties or County Equivalents (Numeric Change): July 1, 2015 to July 1, 2016 County Population Numeric Change Percent Change Transit Commute Share 2015 Maricopa County, Arizona Harris County, Texas Clark County, Nevada King County, Washington Tarrant County, Texas Riverside County, California Bexar County, Texas 4,242,997 81, % 4,589,928 56, % 2,155,664 46, % 2,149,970 35, % 2,016,872 35, % 2,387,741 34, % 1,928,680 33, % Cook County, 5,203,499-21, % Illinois Wayne County, 1,749,366-7, % Michigan Baltimore city, 614,664-6, % Maryland Cuyahoga County, 1,249,352-5, % Ohio Suffolk County, 1,492,583-5, % New York Milwaukee County, 951,448-4, % Wisconsin Allegheny County, 1,225,365-3, % Pennsylvania Orange County, 1,314,367 29, % San Juan County, 115,079-3, % Florida New Mexico Dallas County, St. Louis City, 311,404-3, % 2,574,984 29, % Texas Missouri Hillsborough County, 1,376,238 29, % Jefferson County, 114,006-3, % Florida New York Average 3.4% Average 7.8%
15 Improving Vehicle Availability Coincides with Declining Transit Ridership 20% 15% 10% 5% 0% Percent Change in Transit Ridership and Zero-Vehicle Households from % -10% 1.3 million fewer persons lived in zero vehicle households in 2016 than in Ridership Percent Change from 2005 Percent Change Zero-Vehicle Households from 2005
16 Transit Use Correlates with Need-Based Program Participation Percent Change U.S. Transit Ridership and SNAP Enrollment 25% Ridership Percent Change from % 15% 10% 5% Ridership Percent Change from 2002 SNAP Users Percent Change from % 120% 90% 60% 30% SNAP Users Percent Change from % %
17 Are Core Values that Impact Travel Changing? Do we value autonomy, privacy, flexibility, convenience, etc. more than in the past? Safety Comfort Convenience Money Cost Travel Behavior Time Cost Reliability Flexibility Image Environmental, Social Impact
18 Framework for Understanding Changes in Transit Ridership 2. Transit Service Quality Fares (levels, convenience, ease of use) Level of Service (coverage, frequency, hours of operation) Speed (access, wait, in vehicle, transfer, egress)(tolerance for waiting in our immediate gratification culture) Reliability Safety/Security Accident Safety, In-Vehicle/Facility Crime Image Cleanliness Interpersonal Compatibility - Increased homeless/mental ill ridership (APTA report) Status/Persona Environmental Impacts Awareness/Marketing (trip planning, real time information, digital fare payment, etc.) Amenities (Wi-Fi, shelter, convenience retail, etc.)
19 Average Fare Revenue per Passenger Trip and Passenger Mile (2017 Dollars) Average Fare Revenue $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 per Passenger Trip per Passenger Mile $0.60 $0.40 $0.20 $0.00 Pre 2014 data from APTA Fact Book, Post 2014 data from NTD
20 Service Supply 12-Month Rolling Average of U.S. Transit Ridership and Service, Fixed Route Hundreds of Millions (Trips and VRM) Ridership Service DEC02 APR03 AUG03 DEC03 APR04 AUG04 DEC04 APR05 AUG05 DEC05 APR06 AUG06 DEC06 APR07 AUG07 DEC07 APR08 AUG08 DEC08 APR09 AUG09 DEC09 APR10 AUG10 DEC10 APR11 AUG11 DEC11 APR12 AUG12 DEC12 APR13 AUG13 DEC13 APR14 AUG14 DEC14 APR15 AUG15 DEC15 APR16 AUG16 DEC16 APR17 AUG17
21 Service Supply Hundreds Hundreds Millions of of Millions Millions (Trips (Trips (Trips and VRM) and and VRM) VRM) Month 12-Month Rolling Rolling Average Average of of U.S. of Transit U.S. Transit Ridership Ridership and Service, and Service, Heavy Light Rail Rail 12-Month Rolling Average of U.S. Commuter Transit Ridership Rail and Service, Metro Bus Ridership Ridership Ridership Service Service Service DEC02 MAY03 DEC02 DEC02 OCT03 MAY03 MAY03 MAR04 OCT03 OCT03 MAR04 AUG04 MAR04 AUG04 JAN05 AUG04 JAN05 JUN05 JAN05 JUN05 NOV05 JUN05 NOV05 APR06 NOV05 APR06 SEP06 APR06 SEP06 FEB07 SEP06 FEB07 JUL07 FEB07 JUL07 DEC07 JUL07 DEC07 MAY08 DEC07 MAY08 OCT08 MAY08 OCT08 MAR09 OCT08 MAR09 AUG09 MAR09 AUG09 JAN10 AUG09 JAN10 JUN10 JAN10 JUN10 JUN10 NOV10 NOV10 NOV10 APR11 APR11 APR11 SEP11 SEP11 SEP11 FEB12 FEB12 FEB12 JUL12 JUL12 JUL12 DEC12 DEC12 MAY13 MAY13 OCT13 OCT13 MAR14 MAR14 AUG14 AUG14 JAN15 JAN15 JUN15 JUN15 NOV15 NOV15 APR16 APR16 SEP16 SEP16 FEB17 FEB17 JUL17 JUL17
22 Framework for Understanding Changes in Transit Ridership 3. Competition Communication Substitution for Travel Trip making levels (telecommuting, e-commerce, distant learning, online banking etc.) TNC availability/los/price Bike/Bikeshare Auto Cost Fuel Cost Purchase/Lease/Finance Cost Parking Cost/Other Auto Costs Roadway Congestion/Speed
23 Gas Prices and Transit Ridership, ,000 $4.00 Unlinked Passenger Trips (Millions) 10,000 8,000 6,000 4,000 U.S. Average Gas Price U.S. Ridership $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 Average U.S. Gas Price 2,000 $ $0.00 *Inflation adjustment performed using Bureau of Labor Statistics inflation calculator using CPI, UPT for 2015 and 2016 from Bureau of Transportation Statistics, Gas prices from EIA
24 Key Issues Travel Behavior Ridership trends are context specific and vary significantly across geography/property. The reasons for soft ridership differ across contexts with telecommuting, TNC s, service reliability, auto ownership trends, fares, and other factors having different impacts in different markets. Transit has historically had the lowest mode loyalty (mode of last resort in many contexts). If declining fare revenues and/or dampened public willingness to increase subsidies result from soft ridership, the downward spiral of transit ridership may continue.
25 Key Issues Travel Behavior Strong employment growth and growing real income could continue to undermine transit dependency and jeopardize ridership. Urban civility may influence future ridership trends. Demographic trends in proximity to transit services (TOD) will influence future ridership. Increasing roadway congestion could favor premium transit services but undermine mixed traffic transit operations. System condition and quality of industry execution may influence ridership.
26 Key Issues Strategic Is there an inflection point where service becomes more attractive to choice travelers? Ridership Productivity? Accessibility Frequency Speed Density Convenience, etc.
27 Key Issues Strategic The disconnect between the beneficiaries of transit services and the sources of funding for transit may impede the future financial sustainability of transit. Riders Adjacent Landholders Beneficiaries General Public Funding Sources
28 Key Issues Strategic Key transportation goals 1. Mobility 2. Economic competitiveness 3. Resource efficiency May be best addressed with multiple Technologies and services Mixes of public and private providers Different pricing and funding strategies Today s modal silos will disappear we won t worry about the future of transit or transit ridership but instead worry about mobility.
29 Thank You!
Trends in Travel Behavior and Transit Ridership
Trends in Travel Behavior and Transit Ridership CUTR Webinar Thursday, March 29, 2018 Steven E. Polzin, PhD. Outline What is going on with travel Trends and underlying causes of transit ridership decline
More informationTransit Best Practices and Strategies for the Short, Mid, and Long Terms
Transit Best Practices and Strategies for the Short, Mid, and Long Terms Joel Volinski Director, National Center for Transit Research Center for Urban Transportation Research University of South Florida
More informationBabson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
More informationUnderstanding Florida Transit Ridership Declines and How We Can Respond
Understanding Florida Transit Ridership Declines and How We Can Respond CUTR Webinar Thursday, November 8, 2018 Steven E. Polzin, PhD. 1 Context Research supported by FDOT Findings and observations are
More informationThe Case for New Trends in Travel
The Case for New Trends in Travel The Future of Cities and Travel Steven E. Polzin, PhD. Center for urban Transportation Research University of South Florida October 19, 2008 Successful Strategies from
More informationTransit Ridership - Why the Decline and How to Increase. Hosted by the. Virginia Transit Association
Transit Ridership - Why the Decline and How to Increase Hosted by the Virginia Transit Association Virginia Transit Association 1108 East Main Street, Suite 1108 Richmond, VA 23219 804.643.1166 www.vatransit.com
More informationThe 2019 Economic Outlook Forum The Outlook for MS
The 2019 Economic Outlook Forum The Outlook for MS February 2019 Mississippi University Research Center Mississippi Institutions of Higher Learning Darrin Webb, State Economist dwebb@mississippi.edu (601)432-6556
More informationSouthwest Ohio Regional Economy in Context. Richard Stock, PhD. Business Research Group
Southwest Ohio Regional Economy in Context Richard Stock, PhD. Business Research Group State of the Metro Area (in January Each Year) Total Employment has slowly increased in the last three years after
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More information2017 Nebraska Profile
2017 Nebraska Profile State, 9 NEW Regions, 93 Counties, plus 31 Cities Three Volumes Demographic Change in the State Economic Influences at Work Housing Statistics and Trends Summary of Findings Discuss
More informationRTC TRANSIT OPERATING STATISTICS RTC RIDE RTC RAPID RTC INTERCITY SIERRA SPIRIT
RTC TRANSIT OPERATING STATISTICS RTC RIDE RTC RAPID RTC INTERCITY SIERRA SPIRIT September 218 RTC TRANSIT OPERATING STATISTICS REPORT TABLE OF CONTENTS RTC Transit Highlights... Page ii RTC Transit Summary...
More informationState of American Trucking
State of American Trucking October 11, 2018 Rod Suarez Economic Analyst American Trucking Associations rsuarez@trucking.org Business Cycles U.S. Expansions Duration October 1949 - July 1953 May 1954 -
More informationRiverside Rising Economic Outlook for the Region April 2015
Analysis. Answers Riverside Rising Economic Outlook for the Region April 2015 Beacon Economics, LLC California fact versus fiction Looking back a few years (2009 / 2010) everyone was saying that CA would
More informationREVENUE & RIDERSHIP REPORT SEPTEMBER 2018
REVENUE & RIDERSHIP REPORT SEPTEMBER 2018 Year-to-date passenger revenue 1.3% above last year Year-to-date ridership 2.1% below last year 1,500 SEPTA RIDERSHIP PERFORMANCE Average Daily Rides in 000's
More informationSustainable Transportation Planning in the Portland Region
Sustainable Transportation Planning in the Portland Region Jennifer Dill, Ph.D. Associate Professor School of Urban Studies & Planning jdill@pdx.edu http://web.pdx.edu/~jdill/ Outline Elements of a sustainable
More informationKevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
More informationTypical Rush Hour Commute. PennyforTransportation.com
Typical Rush Hour Commute In the News Overview of the Plan Collaborative plan with projects in every community Prioritizing connectivity and congestion relief Dedicated transportation-specific funding;
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationPreview. Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Integrating tables in your writing Commuting in Urban Areas Last time auto and congestion
More informationRTC TRANSIT OPERATING STATISTICS RTC RIDE RTC RAPID RTC INTERCITY SIERRA SPIRIT
RTC TRANSIT OPERATING STATISTICS RTC RIDE RTC RAPID RTC INTERCITY SIERRA SPIRIT April 2016 RTC TRANSIT OPERATING STATISTICS REPORT TABLE OF CONTENTS RTC Transit Highlights... Page ii RTC Transit Summary...
More informationREVENUE & RIDERSHIP REPORT NOVEMBER 2017
REVENUE & RIDERSHIP REPORT NOVEMBER 2017 November ridership and revenue 1.9% and 2.2% below budget Depressed ridership last November from a six-day City Transit strike Year-to-date revenue 3.2% and ridership
More informationA Federal Perspective on Congestion Pricing. Wayne Berman Federal Highway Administration July 8, 2010
A Federal Perspective on Congestion Pricing Wayne Berman Federal Highway Administration July 8, 2010 Overview Background on Congestion Pricing Benefits and Experiences of Pricing Case Study Miami I-95
More informationMay 2018 FY Key Performance Report
May 20 FY 20 - Key Performance Report Management Notes: The information in this report is based on the FY 20 Operating Budget, Amendment 2, adopted by the Board on January 22, 20. RT s farebox recovery
More informationGoing Green: How California is Reviving Passenger Rail. APTA/ AASHTO AASHTO 2008 State Public Transit Partnerships. August 7, 2008
Going Green: How California is Reviving Passenger Rail APTA/ AASHTO AASHTO 2008 State Public Transit Partnerships August 7, 2008 Eugene K. Skoropowski, Managing Director Capitol Corridor Joint Powers Authority
More informationDr. James P. Gaines Research Economist recenter.tamu.edu
Texas Uncertain Economy in a World of Uncertain Oil Prices Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 U.S. Outlook Expected GDP growth still modest:
More informationMARKET AND CAPACITY UPDATE. Matthew Marsh September 2016
MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationDART Ridership. Board Workshop January 5, 2018
DART Ridership Board Workshop January 5, 2018 0 Overview This presentation looks at many facets of DART s bus and rail ridership trends. No single factor can adequately explains the current trends Key
More informationSeptember 2018 FY Key Performance Report
September 20 FY 2019 - Key Performance Report Management Notes: The information in this report is based on the FY 2019 Operating Budget, adopted by the Board on June 11, 20. RT s farebox recovery ratio
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationPerformance Measures Year End 2015
Performance Measures Year End 2015 Priorities and Objectives 1. Earn and Retain the Community s Trust 2. Provide Excellent Customer Service 3. Enable Organizational Success 4. Exemplify Financial Stewardship
More informationJanuary 2019 FY Key Performance Report
January 2019 FY 2019 - Key Performance Report Management Notes: The information in this report is based on the FY 2019 Operating Budget, adopted by the Board on June 11, 20. RT s farebox recovery ratio
More informationUNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer
UNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer LECTURE 2 OVERVIEW OF THE GREAT DEPRESSION January 22, 2018 I. THE 1920S A. GDP growth and inflation B.
More informationPurpose and Need. Chapter Introduction. 2.2 Project Purpose and Need Project Purpose Project Need
Chapter 2 Purpose and Need 2.1 Introduction The El Camino Real Bus Rapid Transit (BRT) Project (Project) would make transit and other transportation improvements along a 17.6-mile segment of the El Camino
More informationAgricultural Weather Assessments World Agricultural Outlook Board
Texas (8) Missouri (7) South Dakota (6) Kansas (5) Nebraska (5) North Dakota (5) Oklahoma (5) Kentucky (4) Montana (4) California (3) Minnesota (3) New York (3) Pennsylvania (3) Tennessee (3) Wisconsin
More informationAgricultural Weather Assessments World Agricultural Outlook Board
Texas (8) Missouri (7) South Dakota (6) Kansas () Nebraska () North Dakota () Oklahoma () Kentucky (4) Montana (4) California (3) Minnesota (3) New York (3) Pennsylvania (3) Tennessee (3) Wisconsin (3)
More informationSouthern Lodging Summit Memphis, TN. Presented by Randy Smith Founder Smith Travel Research
Southern Lodging Summit Memphis, TN Presented by Randy Smith Founder Smith Travel Research Total US - Key Statistics 12-Months Ending July 2012 % Change Hotels 52.3 k Room Supply 1.8 bn 0.4% Room Demand
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationPreview. Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Score Distribution 1 st Midterm 2 nd Midterm 3.5-4.0 8% 21% 3.0-3.5 23% 34%
More informationRegional Alternatives Analysis. Downtown Corridor Tier 2 Evaluation
Regional Alternatives Analysis Downtown Corridor Tier 2 Evaluation September 19, 2011 EVALUATION PROCESS REVIEW OF EVALUATION PROCESS Tier 1: Screen Seven Alignment Options into a Short List Tier 2: Evaluate
More informationShort-Term Transit Ridership and Revenue Forecasting
Short-Term Transit Ridership and Revenue Forecasting presented to The 5 th Transportation Research Board Conference on Innovations in Travel Modeling presented by Cambridge Systematics, Inc. Feng Liu,
More informationThe Party Is Over U.S. Automotive Outlooks
The Party Is Over U.S. Automotive Outlooks Yen Chen Senior Research Economist Center for Automotive Research Federal Reserve Bank of Chicago Economic Outlook Symposium December 1, 2017 U.S. Light Vehicle
More informationHow Travel Demand Has Been Changing. Susan Handy Asilomar 2015
How Travel Demand Has Been Changing Susan Handy Asilomar 2015 Annual VMT per Capita in U.S. 12,000 10,000 8,000 6,000 4,000 2,000-1936 1940 1944 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992
More informationMETRO Light Rail: Changing Transit Markets in the Phoenix Metropolitan Area
METRO Light Rail: Changing Transit Markets in the Phoenix Metropolitan Area Abhishek Dayal, AICP Planner III, METRO Light Rail Phoenix, AZ BACKGROUND Transit in the Phoenix Region Transit services in the
More informationMeasuring and Communicating Mobility:
Measuring and Communicating Mobility: The District Mobility Project Stephanie Dock, District Department of Transportation TRB Transportation Issues in Major Cities Committee May 2, 2017 Deconstructing
More informationPerformance Measures Year End 2018
Performance Measures Year End 2018 Priorities 1. Earn and Retain the Community s Trust 2. Provide Excellent Customer Service 3. Exemplify Financial Stewardship 4. Ensure Safety 5. Enable Organizational
More informationBriefing on the State of the State. presented to the. SCAA Schuyler Center for Analysis and Advocacy
Briefing on the State of the State presented to the SCAA Schuyler Center for Analysis and Advocacy Rae D. Rosen Assistant Vice President Federal Reserve Bank of New York November 16, 2006 Key Points: Economic
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More informationTRANSIT RIDERSHIP IMPROVEMENT PROGRAM CAPITAL PROJECTS OPERATING PLANS - NEXT NETWORK TRANSIT INFORMATION TECHNOLOGY
TRANSIT RIDERSHIP IMPROVEMENT PROGRAM CAPITAL PROJECTS OPERATING PLANS - NEXT NETWORK TRANSIT INFORMATION TECHNOLOGY VTA S NEXT NETWORK CONNECT TO BART STATIONS INCREASE RIDERSHIP IMPROVE FAREBOX RECOVERY
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationCurrent Hawaii Economic Conditions. Eugene Tian
Current Hawaii Economic Conditions Eugene Tian Department of Business, Economic Development & Tourism At the PATA/TTRA 2016 Annual Outlook & Economic Forecast Forum February 3, 2016 Positive Signs in the
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationMETRO Now. Transit Leader. One of only four urban. gain bus ridership in Purple and Green Lines. Red Line is one
Transit Leader Our commuter buses provide 8 million trips each year third most trips of any U.S. transit agency. 1 One of only four urban transit agencies in the country to gain bus ridership in 2016 2
More informationZions Bank Economic Overview
Zions Bank Economic Overview Intermountain Credit Education League May 10, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around
More informationWin-Win Transportation Solutions
Win-Win Transportation Solutions Todd Litman Victoria Transport Policy Institute Presented Lipinski Symposium on Transportation Policy Chicago, Illinois 15 October 2007 What is The Transportation Problem?
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More informationAppendix T 1: Additional Supporting Data
Appendix T 1: Additional Supporting Data Project Delivery Delays with the implementation of the 2000 TIP became apparent early in the decade. In response to direction among policy officials, ARC began
More informationTHE 2010 MSP REGION TRAVEL BEHAVIOR INVENTORY (TBI) REPORT HOME INTERVIEW SURVEY. A Summary of Resident Travel in the Twin Cities Region
THE 2010 MSP REGION TRAVEL BEHAVIOR INVENTORY (TBI) REPORT HOME INTERVIEW SURVEY A Summary of Resident Travel in the Twin Cities Region October 2013 WHAT IS THE TBI? The Travel Behavior Inventory (TBI)
More informationPlanning in a World of Change NCTR Webinar, August 25, 2011
Planning in a World of Change NCTR Webinar, August 25, 2011 Steven E. Polzin, Ph.D. Center for Urban Transportation Research University of South Florida Outline Population Number Characteristics Locations
More informationMBA Economic and Mortgage Finance Outlook
MBA Economic and Mortgage Finance Outlook MBA of Alabama Annual Conference June 7, 2017 Presented by Lynn Fisher Mortgage Bankers Association 1 Summary of the MBA Outlook 2016 2017 2018 2019 GDP Growth
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationSouthern California Economic Forecast & Industry Outlook
2016-17 Southern California Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Sr. VP/Chief Economist, LAEDC February 17, 2016 Outline U.S. Economy California Economy Southern California Economy
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun Jul
More informationLegislative Economic Briefing
Legislative Economic Briefing February 16, 2017 Mississippi University Research Center Mississippi Institutions of Higher Learning Darrin Webb, State Economist dwebb@mississippi.edu (601)432-6556 To subscribe
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More information1999 On-Board Sacramento Regional Transit District Survey
SACOG-00-009 1999 On-Board Sacramento Regional Transit District Survey June 2000 Sacramento Area Council of Governments 1999 On-Board Sacramento Regional Transit District Survey June 2000 Table of Contents
More informationHouston and Tomball Economic and. Housing Outlook. recenter.tamu.edu. Dr. James P. Gaines Research Economist
Houston and Tomball Economic and Dr. James P. Gaines Research Economist Housing Outlook recenter.tamu.edu THE CURRENT SITUATION The Future Just Ain t What It Used to Be! Yogi Berra National Economic Recovery
More informationEducation Committee Economic Background and Issue Review
Education Committee Economic Background and Issue Review Montpelier, Vermont January 22, 2014 Thomas E. Kavet State Economist and Principal Economic Advisor to the Vermont State Legislature Since 1996
More informationTravel Demand. Dr. Susan Handy TTP 282 Intro Seminar 10/6/17
Travel Demand Dr. Susan Handy TTP 282 Intro Seminar 10/6/17 From last time What s it all about? What is the goal we re trying to achieve? Meeting transportation needs, given constraints, while minimizing
More informationZions Bank Municipal Conference Economic Overview August 13, 2015
Zions Bank Municipal Conference Economic Overview August 13, 2015 Overview National Economic Conditions Utah Economic Conditions Utah is One of the Fastest Growing CA 0.9% States in the Country Percent
More informationUnderstanding Transit Demand. E. Beimborn, University of Wisconsin-Milwaukee
Understanding Transit Demand E. Beimborn, University of Wisconsin-Milwaukee 1 Purpose To provide a basic understanding of transit ridership and some common misunderstandings. To explain concepts of choice
More information4 Ridership Growth Study
Clause 4 in Report No. 15 of Committee of the Whole was adopted, without amendment, by the Council of The Regional Municipality of York at its meeting held on November 16, 2017. 4 Ridership Growth Study
More informationZions Bank Economic Overview
Zions Bank Economic Overview Veteran Owned Business Conference May 11, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around Correction
More informationBUILDING THE CASE FOR TRAVEL OPTIONS IN WASHING TON COUNTY. Image: Steve Morgan. Image: Steve Morgan
BUILDING THE CASE FOR TRAVEL OPTIONS IN WASHING TON COUNTY Image: Steve Morgan Image: Steve Morgan Image: TriMet Image: TriMet WHAT ARE TRAVEL OPTIONS PROGRAMS? Travel options programs encourage residents,
More informationA Comparison of Highway Construction Costs in the Midwest and Nationally
A Comparison of Highway Construction Costs in the Midwest and Nationally March 20, 2018 Mary Craighead, AICP 1 INTRODUCTION State Departments of Transportation play a significant role in the construction
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationrecenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University
recenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University Area Market Reports RECENTER.TAMU.EDU Tierra Grande Economic Review Videos, Audios & Presentations Data,
More informationFlorida s Turnpike System Projected Debt Service Coverage Ratio ($000)*
Florida s Turnpike System Projected Debt Service Coverage Ratio ($000)* Fiscal Year Toll Concession Total Gross O&M Expenses** Net Existing Annual Senior Debt Service Requirement*** Senior Debt Service
More informationJULY 2013 RIDERSHIP REPORT MTA METRO-NORTH RAILROAD EXECUTIVE SUMMARY
Ridership Report JULY 2013 RIDERSHIP REPORT MTA METRO-NORTH RAILROAD EXECUTIVE SUMMARY July July 2013 Total MNR System Ridership was 7.346 million vs. 7.439 million in July 2012, a decrease of 92,959 passengers
More informationAppendix A-1: Purpose and Need Statement
Appendix A-1: Purpose and Need Statement PURPOSE AND NEED STATEMENT Western & Ashland Corridors Bus Rapid Transit (BRT) Project Prepared for Chicago Transit Authority 567 West Lake Street Chicago, IL 60661
More informationthe 54th Annual Conference of the Association of Collegiate School of Planning (ACSP) in Philadelphia, Pennsylvania November 2 nd, 2014
the 54th Annual Conference of the Association of Collegiate School of Planning (ACSP) in Philadelphia, Pennsylvania November 2 nd, 2014 Hiroyuki Iseki, Ph.D. Assistant Professor Urban Studies and Planning
More informationGlobal Economic Outlook
Global Economic Outlook Mark A. Wynne Vice President & Associate Director of Research Director, Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas Presentation to Vistas Conference
More informationHow Global Trade Is Driving Demand For Ports
How Global Trade Is Driving Demand For Ports 17 April, 2018 Dr. Walter Kemmsies Chief Strategist JLL Ports Airports and Global Infrastructure JLL Ports Airports and Global Infrastructure Capital Markets
More informationInstances of 1 Minute or Less Between Buses 4 5% 55% 3.9% 3.5% 3.5% 3.5% 2.9% 2.8% Sep- Sep 07 Oct-07 Nov-07 Dec-07 Jan- Jan 08 Feb- Feb 08 Mar-08
President s Report Monthly Performance Matrix Meeting or exceeding target Within 10% of target Missing target by more than 10% Measure does not have target RIDERSHIP Total Ridership p( (in millions) Rail
More informationHow To Encourage More Efficient Transportation in Brazilian Cities
How To Encourage More Efficient Transportation in Brazilian Cities Todd Litman Victoria Transport Policy Institute Presented Seminar on Discouraging The Use Of Cars São Paulo, Brazil 3 September 2013 Creating
More informationKonstantin Glukhenkiy Economic Affairs Officer
Konstantin Glukhenkiy Economic Affairs Officer Rapid growth of urban areas Very rapid increase in motorisation Substantial increases in traffic congestion Relative decline of public transport usage and
More informationCongestion Evaluation Best Practices
Congestion Evaluation Best Practices Todd Litman Victoria Transport Policy Institute Presented International Transportation and Economic Development Conference 10 April 2014 Congestion Indicators Indicator
More informationMarket Factors and Demand Analysis. World Bank
Market Factors and Demand Analysis Bank Workshop and Training on Urban Transport Planning and Reform. Baku, April 14-16, 2009 Market Factors The market for Public Transport is affected by a variety of
More informationAPPENDIX C. Systems Performance Report C-1
APPENDIX C Systems Performance Report C-1 System Performance Report & Requirements According to the FAST Act, a long range transportation plan needs to include a system performance report and subsequent
More informationTransportation Trends, Conditions and Issues. Regional Transportation Plan 2030
Transportation Trends, Conditions and Issues Regional Transportation Plan 2030 23 Regional Transportation Plan 2030 24 Travel Characteristics Why Do People Travel? Over one-half of trips taken in Dane
More informationMobility Greater Johnson County Transportation Coalition. May 23, 2018
Mobility 2045 Greater Johnson County Transportation Coalition May 23, 2018 Agenda Regional Perspective Mobility Planning Overview Mobility 2045 Draft Recommendations Financial Planning Overview Schedule
More informationZions Bank Economic Overview
Zions Bank Economic Overview Utah Bankruptcy Lawyers Forum March 20, 2018 National Economic Conditions When Good News is Bad News Is Good News?? Dow Tops 26,000 Up 44% Since 2016 Election Source: Wall
More informationCapital Metro Monthly Ridership Report September 2017 (Fiscal Year-end 2017)
Capital Metro Monthly Ridership Report September 2017 (Fiscal Year-end 2017) Page 1 of 6 Ridership Summary This is a summary of Capital Metro system-wide ridership statistics for fiscal year-end and the
More informationPocatello Regional Transit Master Transit Plan Draft Recommendations
Pocatello Regional Transit Master Transit Plan Draft Recommendations Presentation Outline 1. 2. 3. 4. What is the Master Transit Plan? An overview of the study Where Are We Today? Key take-aways from existing
More informationU.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
More informationAnalyzing the Energy Economy Michael Plante Senior Research Economist
Federal Reserve Bank of Dallas Analyzing the Energy Economy Michael Plante Senior Research Economist Disclaimer Disclaimer: The statements in this presentation do not represent the official views of the
More informationMeasuring the Distribution and Costs of Congestion. Tim Lomax Texas Transportation Institute
Measuring the Distribution and Costs of Congestion Tim Lomax Texas Transportation Institute http://mobility.tamu.edu The Congestion Measurement Story Travel time, variations, compare to goals WHAT? WHY?
More informationWHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE
WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE March 2017 Tom Rex Office of the University Economist and Center for Competitiveness and Prosperity
More informationCapital and Strategic Planning Committee. Item III - B. April 12, WMATA s Transit-Oriented Development Objectives
Capital and Strategic Planning Committee Item III - B April 12, 2018 WMATA s Transit-Oriented Development Objectives Page 24 of 76 Washington Metropolitan Area Transit Authority Board Action/Information
More informationThe Wisconsin and Minnesota Economies: What can we learn from each other? Noah Williams
The Economies: What can we learn from each other? Noah University of Wisconsin - Madison Future Wisconsin Summit 2016 Economies Location, size, demographics, and history make Wisconsin and Minnesota natural
More information