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The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses. [1]
A basic farebox of circa 1950s manufacture The top of a modern-day farebox. A farebox is a device used to collect fares and tickets on streetcars, trains and buses upon entry, replacing the need for a separate conductor. Nearly all major metropolitan transit agencies in the United States and Canada use a farebox to collect or validate fare payment.
Duncan’s 1973 “Faretronic” farebox was the first to electronically count coins and collect revenue/ridership data by fare class. Keene quickly followed suit, introducing a design meeting Urban Mass Transit Administration (UMTA) Section 15 reporting requirements, also collecting fuel consumption and bus mileage data. [ 10 ]
Rating Action: Moody's upgrades Peninsula Corridor Joint Powers Board, CA's gross farebox revenue bonds to A1; revises outlook to stableGlobal Credit Research - 16 Aug 2022New York, August 16 ...
After 2000, due to the dot-com bust, existing revenue sources declined and VTA was forced to cut service and increase fares. VTA introduced a series of fare increases between 1998 and 2005. [ 19 ] VTA's farebox recovery is approximately 13% and the Authority is focused on increasing the ratio.
Total Revenue Hours Change Total Revenue Miles Change Fixed Route Ridership ... Fare Revenue Farebox Recovery Ratio Operating Expense per Vehicle Revenue Mile
Farebox recovery ratio [c] [d] Passengers [c] 1995 [9] 12,094: 52,155: 26.3% 19,363 1996 [9] ... The battery electric buses were expected to enter revenue service in ...
The CET1 (Standardized) ratio at the end of the fourth quarter of 2024 was 10.9%, down 0.7% from both 4Q23 and 3Q24, mainly due to higher capital return and increased RWA for business growth ...