Transco Inc., headquartered in Chicago, Illinois, is a diversified industrial company. Founded in 1936, Transco operates through three principal business groups: Transco Railway Products, Transco Products Inc., and Advance Thermal Corp.
SATSUMA, Alabama -- Satsuma City Schools officials are seeking bids from vendors to buy two 2015 school buses to bolster an aging fleet. But new buses don't come cheap: Estimates range from $65,000 to $85,000, depending on how the bus is equipped. For example, buses used to transport special education students must have air conditioning.
He says it costs about $132 per hour for the CTA to operate a bus. Therefore, Freemark figures, in order to cover the full cost of its operations over a single hour, one bus would have to earn $132 per hour at the farebox. That covers costs for the driver, gas, administration, and maintenance. (Again, it leaves out capital costs, such as the bus itself.) With a full fare set at $2 per person (or $2.25 if you pay cash) a CTA bus would seemingly need just 66 passengers to come aboard during that hour in order for that bus to break even. But in 2013, the average rider only paid about a dollar per trip.