The Cost of Transit

The Surface Transportation Policy Project looked at the cost of transportation as a share of people's personal incomes. But in transit-dependent cities, such as New York, much of the cost of transportation is not paid out of personal incomes. Instead, it is paid out of taxes.
The same tables of National Transportation Statistics that allow calculation of automobile cost per passenger mile also have data to calculate transit cost per passenger mile -- tables 1-30 and 2-7.

In 1960, when most transit companies were private and not subsidized, the cost of transit averaged 18 cents per passenger mile (in 1997 dollars), a little less than the cost of driving. By 1975, when virtually all transit agencies were publicly owned and heavily subsidized, the cost per passenger mile reached 44 cents -- most of which was paid by taxpayers, not transit riders. Today transit costs exceed 50 cents per passenger mile. This is three times as great as the cost of driving per passenger mile.

Auto drivers get subsidies too. But as explained in The Vanishing Automobile (pp. 380-383), subsidies to highways average around 0.2 cents per passenger mile. Even if all social costs, such as air pollution, are counted, subsidies are less than 7 cents per passenger mile.

[SigmaForex Funding Methods]

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Restrictions
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Deposit Time
Immediate deposit SigmaForex does not guarantee deposit times in the event of a margin call
Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

Withdrawal Eligibility
Immediate availability
Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.

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