Some of the following stats may surprise you.
- 85% of Americans commute by car, and 90% of them commute alone
- Overall mass transit ridership is down 5% of the last decade, led by a decline in bus ridership
- 90% of potential bus users live or work within a quarter mile of a bus stop in urban cores
- Only 30% of urban jobs in the U.S. are accessible within 90-minute public transportation trips
- There’s a $90 billion backlog of unfunded infrastructure projects to keep bus and rail systems in a state of good repair
- The sharing economy is anticipated to grow to $400 billion by 2025.
What’s the net-net of all these numbers? Public transit providers and other public sector entities are gravely underserving consumers, but can turn that around by becoming active participants in the digital landscape.
In this podcast, Ted Hamer, a managing director in KPMG’s mobile infrastructure practice, sat down to discuss key findings from a recently published paper, Accelerating mobility, including:
- Why economic growth, personal economic improvement, and reliable transportation are so inextricably connected
- Why transit agencies, cities, and DOTs need to harness the power of data and analytics to understand how people move around in the course of their days
- Why some type of public/private partnership that can deliver on-demand services is so important to the future of mass mobility
- Why agencies must become mobility aggregators, instead of fixed route system providers.