METRO's Quarterly Financial Report Offers Good News
Friday, April 25, 2008 5:10 PM
From Q Card usage to wait times for customer service, METRO reported numbers that met or exceeded goals at yesterday’s monthly board meeting.
Here’s a summary of what Frank J. Wilson, president and CEO, reported to the Board of Directors:
Q Card Usage
- Average weekday taps were 182,000 with average weekday revenue at $194,000.
- 70 percent of customers are using the Q Card
- Most popular ways to reload: On-line on the Web (average reloads, $80 - $100) and Back-of-bus reloaders (average reloads, $2-$3)
“The transition of the Q Card has been a major success,” said Wilson at the board meeting. “We’ve gained ridership, gained revenue and it’s been very well-accepted by our customer base. We’ve changed from an archaic fare structure that had grown barnacles…to a much simpler system. No other transit property in this nation has implemented a smart card system to the extent we have.”
Promoting Communication
- Newly redesigned Web site, live on March 30
- Transit Talk Web chats, launched Jan. 15
- METRO Matters TV talk show, debuted March 24
“You can navigate it a whole lot easier without a lot of click-throughs,” said Wilson of our new Web site design. “Our Web chats are like being ‘on air’ so to speak, answering a whole bunch of questions. I actually enjoy doing it. You have a new way of getting our message across. And METRO Matters is a low-cost way (for the public)… to get access to information.”
Ridership
- Fixed route bus service, up 6.1 percent
- METRORail service, up 7.3 percent
- Total ridership, up 4.4 percent
“People recognize the value of what we’re putting out on the streets,” said Wilson.
Revenues
- Fares are up 6 percent, increasing to $25.3 million, October to March, 2008, compared to $23.9 million, same period a year ago.
- Sales tax up 8 percent to $256.9 million FY2008 YTD, compared to $237.6 million, FY2007 YTD
Operating Budget
- FY2008 YTD budget: $143.8 million
- FY2008 YTD expenses: $135.1 million
- FY2008 YTD expenses are $8.7 million or 6 percent under budget
“In all our categories, our budget is being well-tended,” said Wilson.
Operating Ratio
Operating ratio is the total fares plus cost recovery divided by total transit cost. It’s a measure of how lean and mean we’re running the organization, compared to how much money we’re taking in from fares.
- FY08 YTD: 17.9 percent
- FY2008 goal: 19 percent
- March 2008: 19.2 percent
Miles Buses Travel Between Mechanical Failures (MBDF)
- Goal: 5,250 miles
- FY2008 YTD (October 2007 – March 2008): 7,574 miles.
We exceeded our goal by 44.3 percent.
Local On-time Performance
- Local on-time performance goal: 61 percent
- FY2008 YTD average: 54 percent
- March 2008: 56 percent
Although we didn’t meet our goal, we inched up each month, so we’re making progress. As Wilson pointed out, our performance will be akin to general traffic conditions in Houston.
Park & Ride On-time Performance
- Goal: 70 percent
- 2008 YTD: 68 percent
Bus and Rail Accidents
- FY08 goal for buses: 54/month
- Averaged 45 bus accidents/month, YTD.
- FY08 goal for rail: 3/month
- Averaged 3.5 rail accidents/month, YTD.
Wilson pointed out that many of the rail accidents were a result of drivers making illegal left turns. 
Complaint Calls
- FY08 goal: 3,200/month
- Average YTD: just over 2,000/month
If you consider that we had 52 million boardings, year to date, that’s about 240 complaints per million boardings.
Customer Information Center Stats
Average customer wait time in March 2008 was 39 seconds, well under our 60-second goal, mainly due to the increased Q Card staff we had hired.
Major Security Incidents
- FY08 goal: 50/month
- Average YTD: 39/month
A major security incident is based on two industry standards: The FBI Uniform Crime Report and the National Transit Database Report by the Federal Transit Administration. It includes: homicide, forcible rape, robbery, aggravated assault, burglary, larceny and theft, motor vehicle theft and arson.
METRO now has 50 buses equipped with cameras, which are acting as a deterrent to crime. Images captured on a METRO bus camera helped lead to the arrest of a robbery suspect.
And some final good news: The board approved the purchase of 100 buses – 50 of these will be hybrid-electric local transit buses and 50 will be commuter hybrids for our Park & Ride patrons. As mentioned earlier here on this blog, by the end of the summer, suburban commuters should be enjoying a smooth, quiet ride into work.