Will Covid19 Sound The Permanent Death Knell For Public Transit? [Forbes]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Forbes
A packed trolley like this is going to frighten people in the post-Covid eraBrad TempletonDuring the virus crisis, ridership and service in both public transit and taxis (including Uber/Lyft) has fallen off a cliff. Scooter micromobility has plunged, too. People don’t want to get into a vehicle with others, or where unknown others just were. Of course, far few people are travelling. If they have access to a private car, that’s what they’re using. Because travel is so low, that works fine, as roads are empty and parking is plentiful. Green Bay Metro shut down entirely.What happens when travel is restored? It won’t happen overnight — many people were restricting travel well before the lockdowns, and many companies had switched to work-from-home in advance as well. In time, it will increase, though some wonder if work-from-home will become a new normal that permanently dents traffic. Many doubt that — traffic finds a way to expand to fill the capacity available.Even so, much of the fear
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