Cnbc
@cnbc·4.2M subscribers·16.1K videos
How To Fix Public Transit In The U.S. | CNBC Marathon
Posted
March 23, 2024
Views
440,677
Likes
4,595
Comments
1,322
Engagement
1.34%
March 23, 2024
440,677
4,595
1,322
1.34%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
36:19Now PlayingCNBC Marathon examines the growing list of problems that U.S. public transit is facing and potential solutions to fix them.
Public transit in the U.S. is notorious for being infrequent and unreliable. Americans had to wait 17 minutes on average to get on public transit in 2022, while 45% of Americans have no access to public transportation at all. And while the U.S. spends billions in funding every year, transits across the nation like the MTA, RTA and SEPTA are finding themselves in a fiscal crisis. Ultimately it’s the riders who are paying for the deficit.
Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority. The number of paid weekly subway riders on the New York City subway averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership.
One potential solution is Autonomous Rapid Transit: a cross between light rail and a city bus. Created by the CRRC in China, it’s a cost-effective alternative to Mass Rapid Transit.
Chapters:
Produced by: Juhohn Lee, Shawn Baldwin, Liam Mays
Additional Camera: Ryan Baker
Editorial Support: Dain Evans, Katie Brigham
Graphics by: Jason Reginato, Christina Locopo, Josh Kalven, Alex Wood, Mallory Brangan
Supervising Producer: Lindsey Jacobson, Jeniece Pettitt
Additional Editing by: Jack Hillyer
Additional Footage: Getty Images, Newspapers.com, CRRC, Peter Newman, BQX
Additional Sources: TransitCenter, NBC News, SEPTA, RTA, LA Metro
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today and save 50% with discount code EARLYBIRD
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Instagram
Follow CNBC News on Facebook
Follow CNBC on Threads
Follow CNBC News on X
#CNBC
How To Fix Public Transit In The U.S. | CNBC Marathon
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
