Could You Claim Some of the $2.2 Billion in Relief for Transit Systems?
With more people being vaccinated and a return to hybrid work for many, some riders have returned to public transit. Ridership had dropped 79% in 2020 at the peak of the pandemic, and still averaged 65% below average for the second half of 2020.
On top of the major ridership drop, transit systems are dealing with higher costs due to COVID-related training, providing PPE, absent personnel, and increased labor costs. Even with relief funding, transit agencies in the U.S. are projected to experience an overall shortfall of $39.3 billion through the 2023 calendar year.
With transit across the nation still struggling, the Federal Transit Administration (FTA) is now accepting applications for $2.2 billion in competitive grant funding provided by the American Rescue Plan Act. Transit systems can apply for a grant now through November 8 and need to demonstrate assistance is required to maintain day-to-day operations. You can read more HERE.
Evaluating current levels of ridership is important to making your fleet more efficient and adjusting routes accordingly. Passio Tech uses app technology, operations management tech, and automation to optimize fleet efficiency, and is also being used to assist transit systems with COVID contact tracing. Learn more about how Passio can improve efficiency and save your transit agency money.