The Demand Responsive Transit Exchange


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Texxi allows people to dynamically share vehicle resources, whether they be private cars, buses, coaches, taxi cabs or Rolls Royces.

This is achieved through a patent pending process using the ideas behind financial credit contagion modelling, social networking and an exchange to enable people to summon rides in vehicles (both shared and alone) by using handled communication / computing devices (e.g. mobile phone or smartphone).

The world's first proven realtime, dynamic ridesharing system (patent pending) which uses mobile phones / smartphones, social networks and clever algorithms to allow people to get point to point transport in a city using the vehicle fleet as a private transit system.

People can share rides, pay for rides through their Texxi accounts, buy scores of rides ahead of time and rate their experiences (vehicle, driver and co-passengers).

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The Demand Responsive Transit Exchange

  1. 1. The Transit Exchange Pricing RoadSpaceTimeUsing ideas from agriculture
  2. 2. Transport and Logistics form two of thelargest markets in existence on the planet
  3. 3. They underpin many, if not most, aspects of all ourdaily lives
  4. 4. From....
  5. 5. Food production and delivery
  6. 6. Getting to and from work
  7. 7. Social events
  8. 8. Getting to school
  9. 9. To the military .....
  10. 10. ...and emergency services
  11. 11. And yet, these industries remain far less efficientthan they could be
  12. 12. Constraining people and limiting the economicpotential of many areas
  13. 13. Costing more than they have to
  14. 14. Wasting time and resources
  15. 15. And yet they could be further refined and extendedby applying certain innovative concepts fromcapital markets
  16. 16. in a new, comprehensive, and integrated manner
  17. 17. So what is to be done?
  18. 18. The answer is a Transit Exchange
  19. 19. What is a Transit Exchange?
  20. 20. Conceptually identical to a commodity exchangewhere an intermediary (the exchange)
  21. 21. enables buyers and sellers to trade with oneanother in a transparent manner in an openmarket
  22. 22. An exchange solves the perennial "marketformation problem" where such buyers and sellersdo not have to be perfectly matched in real-time
  23. 23. Think of vehicle operators as farmers or agricultural growers
  24. 24. and the passengers as the produce buyers
  25. 25. This approach revitalised agriculture
  26. 26. As well as other types of commodity markets
  27. 27. To this day, the remnants of those exchangesremain in most British cities
  28. 28. Cardiff - Coal Exchange
  29. 29. Leeds - Corn Exchange
  30. 30. Liverpool - Cotton Exchange
  31. 31. Manchester - Wool Exchange
  32. 32. And American ones
  33. 33. Chicago - Board of Trade
  34. 34. Memphis - Cotton Exchange
  35. 35. So for the XXI Century - why not a TransitExchange
  36. 36. T.E. XXI
  37. 37. The Transit Exchange for the XXI Century (Texxi)will reform the way all vehicular travel is plannedand executed in every city in the world
  38. 38. Such a Demand Responsive Transit Exchange(DRTE) will thus allow people to effectively access transportation resources in any municipality far more readily than currently occurs
  39. 39. using the market concept and the operatingprinciples of a commodity exchange
  40. 40. The Current State of AffairsIncreasing numbers of carsIncreasing numbers of peopleSocial inequityPedestrian Hostile Cities and TownsNo walkable amenitiesNeed for more parkingIncreasing fuel use even as cars become more efficient (due tothe marginal cost of car ownership being hidden)
  41. 41. In our analysis, by far the single biggest obstacle tourban economic growth and harmony aretransport monopolies
  42. 42. Specifically the etiolating effect that transportmonopolies have on whole areas of cities
  43. 43. Most people in most large (dense) cities only havea private car because without one they cannot getto the places they want to cheaply
  44. 44. If at all
  45. 45. Or at least when they want to
  46. 46. And thus those without a private car must rot
  47. 47. Whether the constraints come from some sort ofgendarmerie or from an economic barrier tomobility
  48. 48. For a society to be free, there is a requirement for acertain amount of freedom in movement
  49. 49. Public transport by itself often does not suffice
  50. 50. However well intentioned the aims of the planners
  51. 51. A city should certainly not limit people to usingjust public transport
  52. 52. Choice is a paramount human right
  53. 53. A paratransit system is something that fallsbetween the private car and the public bus
  54. 54. Paratransit is not particularly new and issometimes also known as
  55. 55. Demand Responsive Transport
  56. 56. Demand Responsive Transit
  57. 57. DRT for short
  58. 58. Imagine being able to obtain point-to-pointground transportation (shared ride or individualride) for a predictable* cost
  59. 59. (using any of several methods: SMS messaging,Smartphone, Plinth, VoicePhone or Web)*[meaning you know before you go and you have some idea of the magnitude of theprice before you confirm your booking]
  60. 60. This is the core aim behind Texxi and the DRTExchange
  61. 61. Most cars carry only one person and are used lessthan one hour per day
  62. 62. This is clearly sub-optimal and there is room forimprovement
  63. 63. To make the whole system work flawlessly, thereis a need to fuse specific marketing execution withcertain operational concepts
  64. 64. making use of the intellectual property thatpermits the dynamic grouping of disparate people
  65. 65. that allows the computer systems to interact witha variety of message origination devices
  66. 66. and to allow users to modify their preferences asthey interact with the system
  67. 67. much like a software application
  68. 68. The marketing cannot be separated from thetechnology
  69. 69. The HLT CloudTying it all together
  70. 70. Travel to a given city increases because ofamenities and ease of travel combined with greathospitality within the city
  71. 71. asy and well pricedansport links to aty facilitates in-ows of visitors
  72. 72. Visitors will demand lodging and will either staylonger or return because of the quality of theexperience
  73. 73. and / or other attractions such as entertainment
  74. 74. Which thus leads to increased demand fortransport within the city
  75. 75. The city experiences increased trade and requiresincreased logistics to support that trade (deliveryof food, etc.)
  76. 76. It may be clear that all three functions aresymbiotically linked
  77. 77. The existing markets for freight derivatives arerelated to this but not in the sense that theydirectly integrate the hospitality industry with thelogistics and transport industries
  78. 78. Instead consider that Hospitality, Logisticsand Transportation are inextricably linked tothe extent that they may as well be considered asone industry
  79. 79. More presentationsTexxi - The Electricity MarketTexxi - The 7 ModesThe Core Concepts of a Transit ExchangeTexxi - Company OverviewConnectivity of a Transit ExchangeTexxi - EU Market SizeTexxi - The Market OpportunityNew Transport Policy OptionsThe DRT Exchange ExplainedThe New Transport Economy (REPLAY)Results from Texxi Deployments 2006 - 2009Market Makers and Liquidity in DRT MarketsThe Long Tail for the Transport IndustryThe Evolution of Travel and Search