Transit outlook grimmer after record ’08
(Source: USA TODAY)
The number of people riding buses and trains hit a 52-year high in 2008 as skyrocketing gas prices and a faltering economy pushed riders toward less expensive travel.
PUBLIC TRANSIT: Usage rises from 2007
The outlook is gloomy, though. Ridership growth in the fourth quarter slowed as more commuters lost their jobs and budget shortfalls pushed transit systems to reduce service or raise fares.
The number of rides from October through December increased 2% to 2.7 billion compared with the same period a year earlier.
Unemployment reached a 25-year high of 8% in February, the government reported Friday.
The more it rises, the more ridership will shrink, says William Millar, the association’s president.
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