Why improve transit asset management?
Transit asset management (TAM) is a business model that prioritizes funding based on condition and performance to achieve and maintain a state of good repair (SGR) for the nation’s public transportation assets. It is a strategic and systematic process through which an organization procures, operates, maintains, rehabilitates, and replaces transit assets to manage their performance, risks, and costs over their lifecycle to provide safe, cost-effective, and reliable service to current and future customers. Asset management addresses the following two concepts:
- Lifecycle Management – The core of asset management is understanding and minimizing the total cost of ownership of an asset while still maximizing its performance. Transit asset management integrates activities across departments and offices in a transit agency to optimize resource allocation by providing quality information and well-defined business objectives to support decision making within and between classes of assets.
- Customer Level of Service – Asset management can affect level of service by improving on-time performances and by reducing missed trips, slow orders, and service and station shut downs. Asset management provides accountability and can be used to communicate system performance and condition to customers.
The SGR backlog continues to grow, which impacts safety and affects the ability of transit systems to serve their customers. In July 2016, FTA published a Final Rule for Transit Asset Management. The rule requires FTA grantees to develop asset management plans for their public transportation assets, including vehicles, facilities, equipment, and other infrastructure, and submit performance targets to the National Transit Database. By following the TAM framework, agencies can monitor and manage public transportation assets, improve safety, increase reliability and performance, and establish performance measures in order to keep their systems operating smoothly and efficiently. More information on the FTA TAM Final Rule can be found on the TAM Rulemaking resource page.
APTA is Here to Help
APTA promotes asset management and a safe, efficient, and reliable transportation system through the following activities:
Federal Transit Administration
The FTA has an incredible wealth of resources of their TAM webpage including background information, requirements and deadlines, technical assistance, and examples of best practices. APTA encourages transit professionals to visit the FTA TAM webpage for materials such as official FTA guidance, resources from webinars and roundtables, and external stakeholder information to assist agencies in asset inventory creation, resource management, and target setting.
APTA Recommended Practices
- APTA SUDS-TAM-RP-004-19
Communicating Your Transit Asset Management Plan
- APTA SUDS-TAM-RP-005-19
Improving Asset Management Through Better Asset Information
- APTA SUDS-TAM-RP-006-19
Communication and Coordination with External Stakeholders for Transit Asset Management
- APTA SUDS-TAM-RP-007-19
Building Internal Stakeholder Support for an Asset Management Program
Transit Asset Management Plans (TAMPs) Examples
|ALAMEDA-CONTRA COSTA TRANSIT DISTRICT (AC Transit)||CA||1||Bus|
|Luzerne County Transportation Authority (LCTA)||PA||2||Bus|
|Stark Area Regional Transit Authority (SARTA)||OH||2||Bus|
|Kansas DOT Group Plan||KS||Group||Bus|
|Florida DOT Group Plan||FL||Group||Bus|
|Asheville Redifines Transit (ART)||NC||2||Bus|
|Dallas Area Rapid Transit (DART)||TX||1||Multimodal|
|City of Montebello Bus Lines||CA||2||Bus|
|Connecticut Department of Transportation||CT||1||Multimodal|