logo
SMART expanding as North Bay transit agency sees ridership increase

SMART expanding as North Bay transit agency sees ridership increase

CBS Newsa day ago
As Bay Area public transit struggles to deal with shrinking commuter demand, one agency is about to expand its service.
It's the result of a study showing that people prefer to take a train rather than a bus, and it's creating an opportunity to reorganize how people use transit up and down the Highway 101 corridor.
All roads in the North Bay lead to San Rafael, at least for most of the public transit providers. The San Rafael Transit Center is one of the busiest in the Bay Area, second only to the Salesforce Center in San Francisco.
The hub is the meeting point for Marin Transit, Golden Gate Transit and the SMART commuter train line.
"It's already very important and will continue to be important," said Paulo Cosulich Schwartz, spokesperson for Golden Gate Transit. "And we're actually undertaking a project to redesign and relocate the San Rafael Transit Center to accommodate a growth in transit service."
That growth may be a case of addition by subtraction. A recent study shows that transit in the North Bay has a lot of duplication of service.
For example, Golden Gate Transit has buses going clear up to Santa Rosa, the same service area as SMART. It also has stops in the same urban areas as Marin Transit.
So, a new plan has been developed called "MASCOTS," short for Marin-Sonoma Coordinated Transit Service, that will, hopefully, cut out the redundancy.
"MASCOTS really refocuses Golden Gate on the regional trips," said Marin Transit Planning Director, Cathleen Sullivan. "So, Golden Gate will have fewer stops and really focus on express service and getting people between major transit hubs in Marin County, into San Francisco and into the East Bay. And Marin Transit will really refocus OUR resources on making sure the local stops are covered."
"One of the most interesting findings of the study," said Cosulich Schwartz. "Is that 70 percent of Marin/Sonoma travel to San Francisco originates from San Rafael or south."
So, Golden Gate will focus on that area, limiting its service only up to Novato, requiring travelers to use SMART from any place farther north. It's only happening because SMART, after some initial bumps along the way, has proven itself to be a fairly popular transit option.
"We're seeing that in our ridership numbers right now. SMART is experiencing record ridership. People have embraced that this as a very reliable way to get around. It's economical, it's a green alternative. It's just an easy service to use," said communications manager Julia Gonzalez. "We too, here at SMART, have tried to stay agile in response to changed commute patterns, where people are maybe commuting to work part of the week. Maybe doing a two-three split, three days at home and two days in the office. We've tried to stay agile by creating monthly passes that take into account that you're not traveling, necessarily, five days a week."
Because of MASCOTS, SMART will see an increase in service of nearly 20 percent and will begin hiring new people to begin training almost immediately. The hope is that the coordinated effort will not only provide a less confusing system for riders but also save some much-needed money for the operators.
"It's not just happening here in the Bay Area," said Metropolitan Transportation Commission spokesperson John Goodwin. "This is happening in metro areas all over the country, that the old model for operating transit, the different business models, are under a great deal of pressure. Transit agencies all over the region are re-examining decades-long service plans because the travel patterns have changed in a big way all over the Bay Area. And at the same time, transit agencies are strapped for operating cash, so they need to operate more efficiently."
Except for the planning process, the new program shouldn't cost anything. In fact, it should save money. And the cost of expanding SMART is expected to be covered by the increase in ridership, after the MASCOTS plan goes into effect, sometime in April.
In the meantime, a series of community meetings are being planned with the first on Tuesday, July 22, at 5:00 pm at the Marin City Library.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump claims he's made a ‘massive' trade deal with Japan
Trump claims he's made a ‘massive' trade deal with Japan

Yahoo

time20 minutes ago

  • Yahoo

Trump claims he's made a ‘massive' trade deal with Japan

President Donald Trump boasted Tuesday that he had made a 'massive' deal with Japan that would generate 'thousands of jobs' and billions of dollars for the U.S. The president announced the trade framework – 'perhaps the largest Deal ever made' – in a Truth Social post Tuesday, revealing that a 15 percent tax on goods imported from Japan had been agreed. In the post Trump said Japan would invest 'at my direction' $550 billion into the U.S. and would 'open' its economy to American-made vehicles as well as 'rice' and 'other things.' But further details remained scant. The 15 percent tax on imported Japanese goods is a significant drop from the 25 percent rate that Trump, in a recent letter to Japanese Prime Minister Shigeru Ishiba, said would be levied starting on August 1. 'This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,' the president posted on Truth Social, adding that the United States 'will continue to always have a great relationship with the Country of Japan.' 'This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to this matter!' Early Wednesday in Tokyo, Japanese Prime Minister Shigera Ishiba confirmed the new trade agreement, saying it would benefit both sides and help them work together. 'The government was determined to protect national interests,' Ishiba told reporters, per the Wall Street Journal. Trump's announcement appeared to excite investors, with the benchmark Nikkei – the Tokyo stock market – climbing 2.6 percent to its highest in a year, with shares of automakers also surging. Toyota grew by more than 11 percent, with Honda and Nissan both up more than 8 percent. But American automakers were less buoyed with the deal, with concerns raised over low import levies from Japan, compared to tariffs on imports from Canada and Mexico remaining at 25 percent. Matt Blunt, head of the American Automotive Policy Council, said, "Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American-built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers.' Sign in to access your portfolio

Ladder Capital (LADR) Reports Earnings Tomorrow: What To Expect
Ladder Capital (LADR) Reports Earnings Tomorrow: What To Expect

Yahoo

time20 minutes ago

  • Yahoo

Ladder Capital (LADR) Reports Earnings Tomorrow: What To Expect

Commercial real estate lender Ladder Capital (NYSE:LADR) will be announcing earnings results this Thursday morning. Here's what investors should know. Ladder Capital missed analysts' revenue expectations by 7.1% last quarter, reporting revenues of $51.28 million, down 18.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' tangible book value per share estimates and a significant miss of analysts' EPS estimates. Is Ladder Capital a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Ladder Capital's revenue to decline 21.6% year on year to $56.18 million, a reversal from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ladder Capital has missed Wall Street's revenue estimates twice over the last two years. Looking at Ladder Capital's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Mortgage Investment Trust's revenues decreased 1.4% year on year, missing analysts' expectations by 26.1%, and AGNC Investment reported a revenue decline of 367%, falling short of estimates by 141%. AGNC Investment traded up 1.5% following the results. Read our full analysis of PennyMac Mortgage Investment Trust's results here and AGNC Investment's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 8.2% on average over the last month. Ladder Capital is up 2.4% during the same time and is heading into earnings with an average analyst price target of $12.79 (compared to the current share price of $11.02). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store