Metro Transport Corporations:

New Governance for Urban Mobility

Authors

  • Charles Chieppo Suffolk University
  • Joseph Giglio Northeastern University D’Amore-McKim School of Business

DOI:

https://doi.org/10.14738/abr.912.11462

Keywords:

Governance; Future of transportation; Technology; Urban mobility; Public-private partnerships

Abstract

Urban mobility revolution is transforming and traditional transportation agencies may be ill-equipped to oversee the changes.  Even before the COVID-19 pandemic, U.S. transit ridership was down as more people in metropolitan areas chose the convenience of options like Uber and Lyft.  The apparent durability of working from home has exacerbated both fiscal and equity challenges for transit.

Meanwhile, vehicle travel is already ahead of pre-pandemic levels in 15 states.  The combination of reduced transit ridership and more cars threatens to worsen the challenges posed by climate change.

Consumers have demonstrated their preference for the convenience new technologies provide.  But the skills and capabilities of traditional urban transit agencies do not foster innovation.  We propose that urban mobility be overseen by “Metro Transport Corporations,” public-private partnerships that combine the accountability of government with the entrepreneurial and technology-savvy influence of the private sector to address equity and sustainability challenges while driving superior customer service.   

Author Biography

Joseph Giglio, Northeastern University D’Amore-McKim School of Business

Mr. Giglio is a professor of strategic management at Northeastern University’s D’Amore-McKim School of Business and director of the Center for Strategic Studies.  He previously served as executive vice president at Smith Barney, president of Chase Municipal Securities, and as senior managing director at Bear, Stearns & Co. Inc.  

References

Bureau of Labor Statistics (2020, September 9). Consumer Expenditures – 2019.

Chase, Robin (2018, August 21). “If Your Car Is Stuck in Traffic, It’s Not Uber and Lyft’s Fault,” TheCityFix.

American Public Transportation Association (2018, March 13). “Public Transportation Ridership Report, Fourth Quarter 2017.”

Metropolitan Transportation Authority, New York City Transit (2020, April 14). “Subway and bus ridership for 2019.”

American Public Transportation Association (2021, June 21). “Public Transportation Ridership Report, First Quarter 2021.”

Moody’s Investors Service (2021, April 27). “US: Outlook improves to stable with substantial federal aid and likely rebound in tax revenue.”

S & P Global Ratings (2021, March 24). “U.S. Not-For-Profit Transportation Infrastructure Sector View Is Now Stable For Airports, Mass Transit, And Toll Roads.”

McKinsey & Company (2021). “Preparing for the Future of Work in the Commonwealth of Massachusetts,” p.

TRIP (2021, May). “Transportation Impact and Implications of COVID 19.”

MIT Energy Initiative (2019, November), “Insights into Future Mobility,” Executive Summary pp. xv, xvi.

“Sources of Greenhouse Gas Emissions,” Environmental Protection Agency. Retrieved June 27, 2021, Retrieved from https://www.epa.gov/ghgemissions/sources-greenhouse-gas-emissions

Litman, Todd (2021, June 25). “Autonomous Vehicle Implementation Predictions: Implications for Transport Planning,” Victoria Transport Policy Institute.

Badger, Emily (2018, July 20). “Pave Over the Subway? Cities Face Tough Bets on Driverless Cars,” The New York Times.

Sullivan, Gregory W. (2017, March). “2015 MBTA Bus Maintenance Costs Were Nation’s Highest,” Pioneer Institute for Public Policy Research.

Fitzsimmons, Emma G. (2018, July 26). “New York Could Become First Major U.S. City to Cap Uber and Similar Vehicles,” The New York Times.

Glaeser, Edward and Poterba, James (2021, July 14), “Economic Perspectives on Infrastructure Investment,” Aspen Economic Strategy Group, Aspen Institute.

Stout, Matt (2019, June 29). “The long-struggling MBTA pension fund is ‘in the danger zone,’” The Boston Globe.

Busch, Roland (2017, October 20). “Disrupting transportation: We need to think bigger than cars,” McKinsey & Company.

Aharon, Dan; Bisson, Peter; Bughin, Jacque; Chui, Michael; Dobbs, Richard; Manyika, James & Woetzel, Jonathan (2015, June 1). “Unlocking the potential of the Internet of Things, McKinsey Global Institute.

Downloads

Published

2022-01-02

How to Cite

Chieppo, C., & Giglio, J. (2022). Metro Transport Corporations: : New Governance for Urban Mobility. Archives of Business Research, 9(12), 238–249. https://doi.org/10.14738/abr.912.11462