|
It's notable that the annual ridership is up 47% in the FY ending June 2025 vs the FY ending June 2024, when electrification was only complete in September 2024-- in other words, it's not even a full year's worth of ridership increase. On the flip side, I find it shocking that ridership is still only 60% of pre-pandemic levels. Anecdotally, the increased service is a game-changer. Speed matters, too, a lot, but the frequency is what matters to me. A transit system that only arrives once an hour off-peak is not particularly useful. The increased frequency, to a minimum of once every 30mins means missing a train is merely annoying. It's still infrequent enough that you want to check a schedule to avoid waiting around for too long, but not a deal-breaker, IMO. |
It makes a lot of sense. Many companies went full remote during the pandemic and stayed that way, or if they went in person, it's only 60% of the time or less. And a lot of people left the area during the pandemic, and those that are returning are coming back to SF, not the suburbs.
I used to take the train every day for years, but I've only been on it once or twice since the pandemic.
To put it in startup terms, the TAM for ridership shrank considerably. They may very well be capturing a greater amount of the TAM than before the pandemic.