Re:Lyft and Uber Won’t Be Happy Until They’re Your One-Stop ...
by inferiorhuman on Tuesday July 03, 2018 @11:43AM
(#17451109)
> For example, the New York system was private and actually paid for itself.
Which New York system? The New York MTA is the result of consolidating multiple, unprofitable systems (e.g. LIRR, New Haven, Staten Island). Most were snatched out of the jaws of bankruptcy by the government as commuter service just isn't profitable much of the time. Let's not forget that the private rapid transit (BMT and IRT) didn't work out so well either (bankruptcy and poorly thought out contracts) and eventually was acquired by New York city.
Which New York system? The New York MTA is the result of consolidating multiple, unprofitable systems (e.g. LIRR, New Haven, Staten Island). Most were snatched out of the jaws of bankruptcy by the government as commuter service just isn't profitable much of the time. Let's not forget that the private rapid transit (BMT and IRT) didn't work out so well either (bankruptcy and poorly thought out contracts) and eventually was acquired by New York city.