Since 1992, taxpayers have spent $364 billion (in 2016 dollars) on transit capital improvements. More than $257 billion of this went to rail transit, while $94 billion went to bus transit. The Antiplanner calculated this information on the Federal Transit Administration’s historic time series capital costs spreadsheet.
The official data show that transit ridership peaked in 2014 at 10.5 billion trips and by 2016 had declined 2.5 percent to 10.2 billion trips. This ridership includes urban, rural, and tribal transit agencies, but rural and tribal together add up to only about a million trips per year. The Antiplanner calculated this information on the Federal Transit Administration’s operations spreadsheet.
Tuesday’s post about the 2016 National Transit Database mentioned that the Federal Transit Administration has also posted the 2016 update to its historic time series, which has operating and ridership data back to 1991, capital costs back to 1992, and fares back to 2002 broken down by transit agency and mode. Except for the capital costs, which are in a separate file, all of the information is on worksheets that can be sorted in the same order, allowing users to make such calculations as operating cost per trip or fare per passenger mile. Continue reading