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The farebox recovery ratio is the ratio of fare revenue to total transport expenses for a given system. [1] These two figures can be found in the financial statements of the operators. Oftentimes the operator runs multiple modes of transport (e.g. subway and bus), and there is no data for individual modes (segment analysis).
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 ]
Advertisement for fare capping on the Los Angeles Metro system, beginning in July 2023. Fare capping is a feature of public transport fare collection systems. In its most common form, fare capping credits the cost of individual transport fares towards the cost of an unlimited pass.
Total monthly gross income: $6,000 Step three: Divide your monthly debts by your monthly gross income For this example, divide your monthly debt payments ($2,400) by your total monthly gross ...
The operating expenses for fiscal year 2021 were $170,847,000. The fare revenue was $32,440,000, making the farebox recovery ratio 19.1%. [155] Operating expenses for fiscal year 2022 rose to $174,388,000 while fare revenue rose to $33,236,000, marking a modest gain in the farebox recovery ratio to 21%, still less than a third of pre-pandemic ...
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.
State Street Corporation (NYSE:STT) shares are trading lower on Friday. The company reported fourth quarter adjusted earnings per share of $2.60, beating the street view of $2.43. Quarterly sales ...