Highway expansion projects rarely deliver the time-saving benefits that policymakers promise. Adding more lanes generally leads to increased demand, more congestion, and higher emissions. A new study finds that economically, these projects usually fall short by about 17% of their projected benefits, and costs are significantly higher when land use is factored into the equation. Due to the historical inefficiencies and limited effectiveness of highway projects in achieving their economic goals, prioritizing transit could lead to greater sustainability and efficiency. While transit projects also can be costly, they often provide more sustainable and long-term travel solutions when compared to highways.
economics
Taxis and ride-hailing services are taking on a new shape
A landscape that was once dominated by taxis and then gave way to mobile ride-hailing companies like Uber and Lyft (aka transportation network companies, or TNCs), appears to be taking on a new hybrid form as some taxi companies take cues from their modern competitors and even figure out how to partner with them.