Transit & TNCs
What Can Transit Agencies Learn from TNCs’ Late-Night Popularity?
A new study by SUMC for the Transit Cooperative Research Program finds that peak use of transportation network companies (TNCs) like Uber and Lyft comes on weekends and evenings, not during rush hours when public-transit use is highest. SUMC’s findings were based on one of the first uses of origin-destination trip data provided by a major TNC. This finding was presented in TCRP Report 195, Broadening Understanding of the Interplay between Public Transit, Shared Mobility, and Personal Automobiles.
“Public transit is the backbone of any urban transportation system,” said Sharon Feigon, SUMC’s executive director. “Having this data and doing this study gave us a lot of new insights. In a congested environment, generally nothing is more efficient at moving lots of people than public transit. But we can see where TNCs fit into the gaps where the transit systems don’t work as well. People want flexibility and frequency and services like Uber and Lyft are filling in the gaps. We want to create an ecosystem of choices to create a multimodal system that can work for all.”
Why Can't Uber Make Money?
By any measure, Uber’s seven-year entrepreneurial journey has been extraordinary. No venture has ever raised more capital, grown as fast, operated more globally, reached as lofty a valuation — or lost as much money as Uber.
Last month, Uber reported a third-quarter loss of nearly $1.5 billion, bringing its 2017 year-to-date red ink to $3.2 billion. Losses of this magnitude are clearly not sustainable, and call for an explanation of why Uber has been unable to rein in ballooning costs and what it will need to do to survive, let alone prosper.
Lyft Officially Selected for 5 Transit Pilot Projects
The U.S. Department of Transportation has announced the award of $4.7 million in federal grant funding to 5 new pilot projects between Lyft and public transit agencies under the Federal Transit Administration’s Mobility on Demand (MoD) Sandbox grant program. The projects, which range from app integrations and subsidized first-and-last mile rides to transportation for seniors and those with disabilities, will demonstrate promising new models for how Lyft can work with the public sector to expand mobility for all.
Lyft’s mission has always been about re-connecting people and communities through better transportation. Simply put, we believe that cities should be designed for people, not cars. It’s a bold vision: and we know we can’t do it alone. That’s why we created our Friends with Transit campaign and have rapidly launched a growing number of partnerships with transit agencies around the country in recent months.