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.
Since light rail and trolley buses are a relatively small portion of total transit travel, the overall average of 25 cents a passenger mile is also roughly correct. So transit costs 84 cents per passenger mile, nearly four times the cost of driving. Transit fares average 20.4 cents per passenger mile (interesting how the transit industry keeps fares close to the actual cost of driving), so the subsidies are nearly 64 cents per mile.