How to save on transportation costs?
The decennial census is responsible for the massive task of allocating over $400 billion dollars annually on different state and local funding. This amount is allocated to federal programs and services like school construction, housing development, job training, road, and transportation planning. In 2013-14 the Federal Transit Administration allocated more than $21 billion to public transit. Unfortunately, while that amount might seem substantial, data indicates that investments to date have not been adequate. In consequence, this stimulates an increase in competition for grants and loans. According, to the FTA in 2013 more than 40% of buses and 25% of rail transit assets were in marginal or poor condition.
Maintaining the transit systems in a “State of Good Repair” is a crucial goal for the FTA, but overall it is of national importance. This means providing transportation that is efficient, reliable and safe service to the millions of daily drivers. What is the most cost-effective solution for transit agencies? The solution lies in keeping up with the maintenance of the available and existing transit buses and trains. The maintenance includes but is not limited to bus rehabilitation, component retrofits, midlife overhauls, and upgrades. Timely and effective maintenance of the transit assets will improve their life cycle, reduce costs and create a better experience for everyone.
The next time you are trying to create a better experience or simply reduce costs, allow CoachCrafters to help you. Since 1952, we have been dedicated to contributing creative, cost-effective and timely solutions for the public transit industry. CoachCrafters is committed to providing a quality service from the initial estimate to the final product. Visit www.coachcrafters.com for a list of our full services and other additional information.
Did you know?
Benefits of Public Transportation
- Americans living in areas served by public transportation save 865 million hours in travel time and 450 million gallons of fuel annually in congestion reduction alone.
- Public transportation provides personal mobility and freedom for people from every walk of life.
- Every $10 million in capital investment in public transportation yields $30 million in increased business sales.
- Home values performed 42 percent better on average if they were located near public transportation with high-frequency service.