The product of this research is a description of issues related to coordinated pricing strategies; a summary of research by others, including a bibliography; examples of integrated pricing and subsidy programs; and a sample impact assessment of a hypothetical intermodal pricing program. The research found no examples in the United States of true intermodal pricing, but does identify inter-operator transit fare agreements and private-sector fare-subsidy programs. This research will be of interest to transit managers, transit finance officers, those involved in transportation demand management.
This research was conducted because transit fares are often established in a vacuum, not considering the price of other modes. ISTEA signaled a move toward integrated, intermodal transportation services, which is an important first step toward regional transportation pricing. Since transit is an element of transportation pricing in most urbanized areas, there is a need to explore how transit agencies can develop a regional transportation-pricing strategy.
The objective of this project was to explore the transit pricing decision-making process. This includes the development of a framework for addressing multimodal transportation pricing strategies, establishment of transit pricing in the context of the price of competing modes, development of selected cross-elasticities, identification of techniques analyzing multimodal pricing, and methods for implementing multiagency and multijurisdictional strategies.
The results of the research are found in TCRP Research Results Digest 14
, "Coordinated Intermodal Transportation Pricing and Funding Strategies." It is also available in portable document format (PDF). Double-click on the file below to access RRD 14
. (A free copy of the Adobe Acrobat Reader is available at https://www.adobe.com
TCRP Research Results Digest 14