Public Transportation Industry to host media call with former Pennsylvania Governor Ed Rendell of Building America’s Future to release an analysis on the nationwide impact of gas price volatility on the demand for public transportation
Washington, DC—On May 15, the American Public Transportation Association (APTA) and Building America’s Future (BAF) will release an analysis of how fluctuating gas prices will impact public transit ridership around the country. The analysis will quantify how rising gas prices contribute to increase ridership and predict what happens to ridership even after gas prices begin to decline. As millions of Americans initially turn to public transportation as a cost saving option as gas prices spike, the analysis will show how the volatile nature of gas prices will affect to what extent commuters continue riding public transportation when prices fall.
Together with Building America’s Future, APTA will host a media conference call to discuss the findings and what this information tells us about long term investment in our infrastructure as Congress begins Conference Committee negotiations to pass a comprehensive, multi-year surface transportation bill. Representatives from public transportation systems in San Diego and Chicago will be available to discuss how gas price volatility could impact ridership within their systems.
Media Conference Call:
||Former Governor Ed Rendell, Co-Chair, Building America’s Future|
Michael Melaniphy, President and CEO, American Public Transportation Association
Paul Jablonski, Chief Executive Officer, San Diego Metro Transit System (MTS)
Curtis Stitt, President and CEO, Central Ohio Transit Authority (COTA)
||Tuesday, May 15, 2012 |
11:30 a.m. EST
||(646) 216-7221 or (866) 200-6965|
Access Code 44506042#
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The American Public Transportation Association (APTA) is a nonprofit international association of 1,500 public and private sector organization which represent a $68 billion industry that directly employs 420,000 people and supports millions of private sector jobs. APTA members are engaged in the areas of bus, paratransit, light rail, commuter rail, subways, waterborne services, and intercity and high-speed passenger rail. This includes: transit systems; planning, design, construction, and finance firms; product and service providers; academic institutions; transit associations and state departments of transportation. APTA is the only association in North America that represents all modes of public transportation. APTA members serve the public interest by providing safe, efficient and economical transit services and products.