The transit industry loses $50 billion a year. It’s customer base is dwindling. Business in many regions has declined by 20 to 40 percent. Yet Bloomberg, one of the nation’s leading business publications, says, “The outlook for public transit isn’t all that bad.”
Sheesh. Just how bad does it have to be to be “that bad”?
According to Bloomfield columnist Noah Smith, light-rail and commuter-rail ridership “are at all-time highs,” by which he means highs for 1990 to 2017, the time period used in his charts. In fact, his chart doesn’t show it, but according to the source of data in his chart (American Public Transportation Association (APTA) ridership reports), both light rail and commuter rail declined in 2017 and light rail (which APTA equates with streetcars) was much higher before 1955 than it is today. Continue reading