CAR TRAVEL DROPS DURING FIRST WEEK OF HIGHER TOLLS
Passenger automobile travel on the Illinois Tollway decreased during the first week given higher tolls went in to effect Jan. 1, the group pronounced today.
Passenger automobile toll exchange fell 4.5 percent Tuesday through Sunday, compared to the same period in 2011, the tollway said.
The falloff is reduction than the tollway is presaging for the year. The tollway forecasts a 5.9 percent drop in automobile exchange in 2012 since of the aloft tolls.
Thus, the tollway said, “all indications are clever with respect to our trade projections.”
The tollway imposed an 87.5 percent toll travel effective Jan. 1. In many cases, the simple I-PASS toll jumped 35 cents, to 75 cents from 40 cents.
Cash rates remained stand in the I-PASS tolls, as they were in the past.
“We are gratified with this somewhat auspicious result and goal that our business will see that, even with the toll rate change, the tollway continues to be a good value,” the tollway pronounced in a matter in reply to a Tribune inquiry.
Despite the falloff in automobile traffic, fee revenue for cars was trending aloft than the estimate for all of 2012.
The tollway forecasts a 41.8 percent increase in sum income in 2012. During the first week, income increasing 45.7 percent, mouthpiece Wendy Abrams said.
The tollway attributes this aloft number to the increasing money tolls. The group expects that more business will switch to regulating I-PASS transponders and compensate the lower, electronic rates, Abrams said.
“We design this number to turn off,” Abrams said.
Because of the approach the New Year holiday fell this season, the tollway compared Tuesday through Sunday, Jan. 3 through 8, with the same Tuesday through Sunday duration in 2011, Abrams said.
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Passenger automobile travel on the Illinois Tollway decreased during the first week given higher tolls went in to effect Jan. 1, the group pronounced today.
Passenger automobile toll exchange fell 4.5 percent Tuesday through Sunday, compared to the same period in 2011, the tollway said.
The falloff is reduction than the tollway is presaging for the year. The tollway forecasts a 5.9 percent drop in automobile exchange in 2012 since of the aloft tolls.
Thus, the tollway said, “all indications are clever with respect to our trade projections.”
The tollway imposed an 87.5 percent toll travel effective Jan. 1. In many cases, the simple I-PASS toll jumped 35 cents, to 75 cents from 40 cents.
Cash rates remained stand in the I-PASS tolls, as they were in the past.
“We are gratified with this somewhat auspicious result and goal that our business will see that, even with the toll rate change, the tollway continues to be a good value,” the tollway pronounced in a matter in reply to a Tribune inquiry.
Despite the falloff in automobile traffic, fee revenue for cars was trending aloft than the estimate for all of 2012.
The tollway forecasts a 41.8 percent increase in sum income in 2012. During the first week, income increasing 45.7 percent, mouthpiece Wendy Abrams said.
The tollway attributes this aloft number to the increasing money tolls. The group expects that more business will switch to regulating I-PASS transponders and compensate the lower, electronic rates, Abrams said.
“We design this number to turn off,” Abrams said.
Because of the approach the New Year holiday fell this season, the tollway compared Tuesday through Sunday, Jan. 3 through 8, with the same Tuesday through Sunday duration in 2011, Abrams said.
car – Yahoo! News Search Results