The report presents an analysis of costs, revenues, and investment requirements associated with two privately owned, demand-responsive transportation systems in Davenport, Iowa, and Hicksville, New York. Objectives of this report were: (1) determination of the costs, revenues, ridership characteristics, and benefits of providing public transportation with two privately owned systems; (2) measurement of the economic viability of the different levels of service; and (3) determination of the economic feasibility of combining the transportation of goods and people into a single operation. Primary sources of taxi revenue are identified and driver and vehicle productivity are evaluated. The financial analysis of taxi operations includes both capital costs and operating expenses for each of the four operational areas (vehicles, garage, dispatching, and administrative). A generalized model for predicting shared-riding investment requirements is presented. A comparison of privately owned, shared-ride taxi systems and publicly owned dial-a-bus systems is offered on the basis of cost, investments and revenues.


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    Title :

    Economic Characteristics of Privately Owned Shared-Ride Taxi Systems


    Contributors:

    Publication date :

    1974


    Size :

    117 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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