U.S. public transit 2008 ridership highest in 52 years
(Source: Reuters)
Facing volatile energy prices and a major economic downturn, Americans turned to public transportation more in 2008 than they have in over 50 years, a transit group said on Monday.
Americans took 10.7 billion trips on public transit last year, up 4 percent from 2007, the American Public Transportation Association said. This is the highest level of ridership in 52 years.
“Where many of the other indicators in our economy are down, public transit is up,” APTA Vice President Rosemary Sheridan told Reuters.
U.S. gasoline prices set records in 2008, rising above $4 a gallon in July. Gasoline costs began to cool off in the fall, however, as the effects of a global economic downturn began to curb oil demand.
Click here to read the entire article. Attached is the American Public Transportation Association (APTA) press release on this topic.
[ipaper id=13115526]