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Congress first authorized money for public transport under the Urban Mass Transportation Act (UMTA) of 1964, with $150 million per year. Under the UMTA of 1970, this amount rose to $3.1 billion per year. Since then, ridership has risen from 6.6 billion in the mid-1970s to 10.2 billion today.
This picture illustrates a variety of transportation systems: public transportation; private vehicle road use; and rail. Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. [1] It has strong links to civil engineering.
The Dow Jones Transportation Average (DJTA, also called the "Dow Jones Transports") is a U.S. stock market index from S&P Dow Jones Indices of the transportation sector, and is the most widely recognized gauge of the American transportation sector. It is the oldest stock index still in use, even older than its better-known relative, the Dow ...
Transit Oriented Development. Many of the new towns created after World War II in Japan, Sweden, and France have many of the characteristics of TOD communities. In a sense, nearly all communities built on reclaimed land in the Netherlands or as exurban developments in Denmark have had the local equivalent of TOD principles integrated in their planning, including the promotion of bicycles for ...
t. e. A transport network, or transportation network, is a network or graph in geographic space, describing an infrastructure that permits and constrains movement or flow. [1] Examples include but are not limited to road networks, railways, air routes, pipelines, aqueducts, and power lines. The digital representation of these networks, and the ...
t. e. Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that may charge a posted fee for each ...
Level of service (transportation) Level of service (LOS) is a qualitative measure used to relate the quality of motor vehicle traffic service. LOS is used to analyze roadways and intersections by categorizing traffic flow and assigning quality levels of traffic based on performance measure like vehicle speed, density, congestion, etc.
On-time performance. In public transportation, schedule adherence or on-time performance refers to the level of success of the service (such as a bus or train) remaining on the published schedule. On time performance, sometimes referred to as on time running, is normally expressed as a percentage, with a higher percentage meaning more vehicles ...