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News Round-Up: Transport Special

05 Jan 09:00 by Fiona McKay

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With many workplaces closed over the Christmas and New Year break, the roads have been significantly quieter. But as the saying goes, all good things must come to an end, and the New Year means that millions of workers are back to their daily commute. With this in mind, and as we work with a number of businesses within the sector, this week the Lightbulb team has been discussing all things transport. Here’s the latest news from the world of transport that has caught our eye.                                              

Freeze on fare prices until 2020

Business Reporter

Here at Lightbulb HQ, we were delighted to hear that Transport for London (TfL) has frozen its fares until 2020. This covers all modes of transport on which TfL sets fare prices, including buses and trams, the Emirates Air Line cable car, Santander cycles, single pay-as-you-go fares on the Underground and DLR services and some Overground and river bus services in the capital.    

London Mayor Sadiq Khan first announced the plans to freeze fares back in November, and this week the freeze came into full effect. Conversely, the rest of Britain has seen an average increase of 2.3 per cent in rail fares in the first week of January. While this will not reach weekly, monthly or yearly travel cards, which are decided by the Government alongside transport companies, the fare freeze comes as excellent news for city centre commuters. As the cost of living continues to increase, it is good to know that employees who work or live in the city will not see an increase to their travel costs until at least 2020.

Taxi-sharing could mean the end of traffic jams

BBC News

In times of taxi shortages it makes sense to share a cab with a stranger, but could you do it every day? According to a study conducted by the Massachusetts Institute of Technology (MIT), that’s exactly what we should be doing. If you work in some of the world’s major cities such as New York City or London, you’ll know that trying to get from A to B often means sitting in traffic jams, and across the world people waste more than seven billion hours a year doing just that. But according to MIT, by sharing taxis with strangers, the number of yellow cabs on the streets of NYC could decrease by 10,000, leaving the streets a lot less congested. We all know that time is extremely valuable in business and we think that anything that improves your commute is well worth a try.

Manhattan subway line completed after almost 90 years

Fortune

Despite our earlier statement about good things coming to an end, here at Lightbulb we’re also firm in the belief that good things come to those who wait. And New Yorkers who have been waiting patiently for almost 90 years finally got what they’ve been asking for, as the city’s long-awaited Second Avenue line finally opened. The New York City transportation board first put forward the idea of a Second Avenue subway in 1929, but the stock market crash and Great Depression soon curtailed the plan. The project was resurrected again in 1972, but another financial crisis halted proceedings yet again. Fast forward to 2007 and construction finally got underway with an expected completion date in 2013. However, concerns around noise from the building work derailed plans once more.

In spite of these setbacks, the first train left the new East 96th Street station on New Year’s Day. This addition of three stations on Manhattan’s Upper East Side (extending the Q line) will significantly reduce congestion on what is the world’s busiest underground train system. Although we’d hope that new infrastructure systems like this can be put in place a lot quicker, we think this is a great story of perseverance which will add a great deal to the New York City transport system.

Stay tuned to our blog and social media channels for our regular news updates covering a wide range of industries. If you have any questions or want to find out more about us, please don’t hesitate to get in touch with a member of the Lightbulb Leadership Solutions team today.