Transportation

Taxis’ Fare Road to Profit: Restricted supply has inflated value of vancouver licence to $800,000

Gary Tarantino owns arguably the most valuable taxi in Vancouver, in an industry already known for its breathtakingly high licence values. Tarantino’s Licence 70384 could easily command more than $1 million in a business where the average Vancouver taxi costs $800,000. That’s because he is the last holdout of independent taxi owners in an industry where all of the other 687 licences are held by the city’s four taxi companies.

Grabbing Money with Both Hands

Grabbing money with both hands (and not letting go) is the image that sums up the essence of what the California mega project to build a high speed train from Sacramento to San Diego is all about. Currently guesstimated at $68 billion, of which only $12 billion appear...

Media Release – Competition can give Saskatchewan inter-city bus riders more for less

Saskatchewan’s inter-city bus ridership levels have declined significantly over the last several decades, while subsidy levels have climbed to $10.5 million in 2012. Saskatchewan should follow states such as Washington, which has de-regulated fares and scheduling, while providing subsidies for unprofitable routes that are socially desirable through a least-cost system awarding routes to carriers willing to do so for the lowest subsidy level possible.

Featured News

Transit Is No Solution for Global Warming

But a bit of reality is in order. Transit has its place and it is an important place. But for most people and most trips, there is simply no way that transit can compete in travel time or convenience. Worst of all, its high costs make significant expansion unaffordable and thus out of the question and hopeless with respect to any material role in achieving whatever GHG emission reduction objective is finally adopted.