Transportation Industry
New York
Railway Age, Dec, 2004
New York City Transit riders are paying more of the cost of their rides than Long Island and Metro-North commuter railroad users. New York MTA statistics show agency cost recovery in two ways: One is farebox operating ratio, which approximates the percentage of operating expenses paid for by fares and fare reimbursements.
The other is farebox recovery ratio, which includes long-term (such as debt service) and immediate costs, In this year's first eight months, NYCT posted a farebox operating ratio of 61.4% and a farebox recovery ratio of 47.5%. By comparison, LIRR reported a farebox operating ratio of 46.9% and a recovery ratio of 34.9%, and MN came in with 57.1% and 44.12%, respectively.
COPYRIGHT 2004 Simmons-Boardman Publishing Corporation
COPYRIGHT 2005 Gale Group
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