Transportation Economics Quotes

Railroads are the primary economic beneficiaries. It's a difficult project for the public sector.

You don't really drive in cabs in L.A. unless you're broke or homeless - or if you're broke and driving the cab.

When theres no other dude in the car, the cost of taking an Uber anywhere becomes cheaper than owning a vehicle. So the magic there is, you basically bring the cost below the cost of ownership for everybody, and then car ownership goes away.

If Uber is lower-priced, then more people will want it. And if more people want it and can afford it, then you have more cars on the road. And if you have more cars on the road, then your pickup times are lower, your reliability is better. The lower-cost product ends up being more luxurious than the high-end one.

If you can make it economical for people to get out of their cars or sell their cars, and turn transportation into a service, it's a pretty big deal.

Shipping by water is cheaper than by rail, which is cheaper than by truck.

Think of a world where there is no ride-sharing; people are driving themselves to work. You now have 30 people being served by 30 cars. Those 30 cars are only served 4% of the day; 96% of the day, they're stored somewhere. Around 20% to 30% of our land is taken up just storing these hunks of metal that we drive around in for 4% of the day.

If you own a toll road, you don't care how many passengers are in each car or what kind of car it is. You just want as many cars to move down the road as possible, and you make damn certain they pay their tolls, okay?

If we increase freight rates, the goods will move through the roads and the condition of the roads will become worse.

When you have a transportation system that the price of propellant is essentially negligible something is very wrong. If you look at any other transportation system, a car, a motorcycle, a train, an oil tanker, an airliner, you name it; about a quarter to a third of the operating cost is buying the propellant.