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The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
The average amount of time people wait at a stop or station for public transit is 20 minutes, while 38% of riders wait for over 20 minutes on average every day. The average distance people usually ride in a single trip with public transit is 6.9 mi (11.1 km), while 30% travel for over 7.5 mi (12.1 km) in a single direction.
Taximeter. A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them. [1][2]
Farebox recovery ratio. The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses.
Taxi fares are set by the state and city where they are permitted to operate. The fare includes the 'drop', a set amount that is tallied for getting into the taxi plus the 'per kilometer' rate as has been set by the city. The taxi meters track time as well as distance in an average taxi fare.
Sedan service. A sedan service is a transportation service that offers taxi-like rides in vehicles. Sedan services exist in many places, though the exact definition, along with regulations, may vary in different places. In some places, the term refers to a more luxurious service than taxicabs, while in other areas, it is a cheaper alternative.
The average amount of time people wait at a stop or station for public transit is 13 min, while 17% of riders wait for over 20 minutes on average every day. The average distance people usually ride in a single trip with public transit is 9.1 km, while 20% travel for over 12 km in a single direction.
The Los Angeles County Metropolitan Transportation Authority operates the third-largest public transportation system in the United States by ridership with a 1,433 mi 2 (3,711 km 2) operating area and 2,000 peak hour buses on the street any given business day. Metro also operates 109 miles (175 km) of urban rail service. [1]