January 3, 2012 – With ridership growing steadily, Caltrain (Peninsula Corridor Joint Power Board / A1 / 707120BT7) has outlined ambitious operating goals that could make the regional rail operator one of the most efficient transit agencies in the country. During the past 8½ years, Caltrain has more than doubled the farebox recovery rate in which it recoups day-to-day operating costs through transit fares. It has posted a 65 percent rate in the current fiscal year, which is higher than most of its peers in the Bay Area and well above the agency’s stated goal of 38 to 50 percent.
Link to Full Article: http://www.sfexaminer.com/local/transportation/2013/01/caltrain-sets-lofty-goals-operating-efficiencies
Source: SF Examiner