CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Mass transit surge: Most riders since 1957

As gasoline prices rise above $4 a gallon, more Americans are turning to mass transportation systems.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Kenneth Musante, CNNMoney.com staff writer

How important is being green to you?
  • Very
  • Somewhat
  • Not at all

NEW YORK (CNNMoney.com) -- Americans took 10.3 billion trips on public transportation last year, marking the highest ridership level since 1957, according to a new study.

The rate of ridership continued to climb at a quarterly rate of 3.3% through the first three months of 2008 to 2.6 billion, according to research from the American Public Transportation Association (APTA). That's nearly 85 million more trips than the same period last year, the APTA said.

"There's no doubt that the high gas prices are motivating people to change their travel behavior," said APTA president William Millar, in a statement.

The number of riders on trolleys and streetcars rose 10.3% in the first quarter of 2008, while the number of commuter rail riders grew 5.7%, according to APTA data. Ridership on subways, elevated trains and buses also increased.

"People are looking at the gas prices and they're making a choice," said Joe Calderone, spokesman for the Long Island Rail Road (LIRR), a commuter rail system in Long Island, New York.

The LIRR, which recently hiked fares, has seen ridership increase 5.4% during the first 4 months of 2008, compared with the same period a year ago.

Last year the LIRR served 86.1 million riders, the most since 1949, according to Calderone.

The average price of gasoline nationwide crossed the $4 a gallon mark last Sunday, and the price of regular gasoline is now over $4 a gallon in more than half of the states in the country, according to a daily survey from automobile group AAA.

In a survey released last month by IBM's Institute for Electronic Government, a total of 31% of commuters who normally drive to work said they would change their transportation habits if gas were to cross $4 a gallon.

IBM also found that a total of 66% of drivers would seek other means of transportation if gas hits $5 a gallon. To top of page

Features
Markets Last Change
Dow Jones 10,388.90 22.75 / 0.22%
Nasdaq 2,194.35 21.21 / 0.98%
S&P 500 1,105.98 6.06 / 0.55%
10-year Bond 99 5/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.486 -0.020
December 4, 2009 4:14 PM ET
CompanyPrice% Change
Big Lots Inc 27.94 18.69%
OfficeMax Inc 12.61 15.05%
BlueLinx Holdings Inc 2.99 12.41%
Kelly Services Inc 11.58 11.67%
Dec 4 3:53pm ET †
Holiday gifts for the yoga nut These 7 small brands are helping fuel a booming yoga industry. More
Best of the L.A. Auto Show Fuel economy is the name of the game in Southern California. More
Are things really getting better? Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. More

Sponsors

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.