On Thursday, May 10th, the Chaddick Institute released our latest installment of our Policy Series. This report, titled “Uber Economics: Evaluating the Monetary and Nonmonetary Tradeoffs of TNC and Transit Service in Chicago, Illinois”, explores the ways in which transportation network companies like Uber and Lyft are used in contrast – and in conjunction – with public transit.
In addition to analyzing the estimated travel cost and times for over 600 trips in Chicago, we also highlight several exciting TNC-transit partnership programs throughout the country.
Head on over to our website here to check it out, and if you have access to PowerPoint, download our quick overview of possible synergies between TNCs and transit here.
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Hi Joe, Mallory, and Team Chaddick,
Great work on the Uber Economics article! It’s good to be able to have quantifiable data on competing rideshare options and comparisons to public transit. As someone who had to recently call a Lyft from O’Hare due to inter-terminal transit issues, I like the idea of essentially forgoing the TNC per-ride tax as a way to encourage companies to serve outlying neighborhoods during off-peak hours. I’d be interested to learn more about integration and collaboration of public transit with TNCs in other metropolitan areas. I imagine both entities have brand and market images to which they hold tightly and may be reluctant to share or sacrifice their territory. Overall, a really interesting examination of this still-developing area of transportation!