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| Re: TransportAzumah may need to obtain city franchise to operate private bus service? (200132) | |||
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Re: TransportAzumah may need to obtain city franchise to operate private bus service? |
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Posted by kcram3500 on Tue Jun 29 13:42:27 2010, in response to Re: TransportAzumah may need to obtain city franchise to operate private bus service?, posted by JohnnyMints on Tue Jun 29 13:17:03 2010. You have the IBOA model correct, but at the time the IBOAs were in their glory years (60s and 70s), buses and operating costs were not prohibitively priced. Local bus service today is a money-losing proposition, so in order to offer competitive fares, a private operator would want subsidies to fill in the gap - this is why companies like Academy and Coach USA pursue NJT contracts. The few routes they run on their own are propped up by their own profitable services and the ability to lease buses from NJT for $1. In comparison, the new NABI 416s are $348K each... $12 over a 12-year term definitely cuts your expenses. |
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