Efforts are underway by the Taiwan government for a government led restructuring to avoid bankruptcy (Plan to stop Taiwan’s high-speed rail going bust set for review). Since opening in 2007, this privately financed and operated system has been plagued with ridership well below projections. The Taiwan experience is consistent with the research showing that ridership on high-speed rail lines has been frequently over-projected.
Convenient transportation has become a staple in today’s society, however, convenience is no longer enough. People need to have access to a ride in real time. Every transportation service is coming up[…]
Over-regulation is rearing its ugly head in Chicago once again. New regulations that would push a popular new limousine and taxi service out of the Chicago market have been proposed[…]
Not content with simply raising the price of gasoline through regressive tax policy, European governments have gone even further to make driving insufferable. According to the New York Times, city[…]