Subway ridership declines in New York City. Is Uber to blame?
New York
AFTER a period of soaring subway demand in New York City, ridership dropped last year, and transit officials say the rise of Uber and other car service apps may be partly to blame.
Annual subway ridership fell slightly in 2016 for the first time since 2009, according to statistics from the Metropolitan Transportation Authority. Weekday ridership was at its highest level since 1948, but weekend ridership fell about 3 per cent, suggesting that New Yorkers and tourists were finding other ways to get around.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race