Posted Aug 20, 2018, 4:29 PM
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Registered User
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Join Date: Jul 2003
Posts: 3,166
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Quote:
Originally Posted by Sun Belt
We're almost coming full circle.
Transit systems that used to be privately run, for profit, offering extensive coverage for a low fare. Then these services were replaced by publicly funded government agencies that reduced service, let infrastructure crumble, are massively inefficient with ginormous budgets and now we're back towards private companies [Uber, Lyft, Bird, Boring Company and more] coming up with transportation solutions that these regional transportation systems could never do.
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For-profit transit companies were profitable when they enjoyed monopolies and when the U.S. cities were more densely populated.
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