Transit Exchange Concept


Published on

This is a brief overview of what is a new paradigm in urban transport. Largescale sharing of vehicles in a dynamic fashion making use of social networks, location aware handheld computing devices and enabled by unique matching algorithms. A transit exchange can be accessed by buyers (riders) and sellers (vehicle operators) who then trade in a transparent market.

Published in: Technology, Business
1 Like
  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Transit Exchange Concept

  1. 1. The New Transport Economy
  2. 2. A New Beginning For Earths Cities
  3. 3. An overview of aLargescale Transport Operating System by Eric Masaba of Crane Dragon
  4. 4. This presentation describes how transportcan be adapted to better serve humanity in the21st Century and how a system that performs all the functions described has already been designed, tested and deployed in real conditions. The presentation will take at mostabout 8 minutes (at 3 - 5 seconds each page)
  5. 5. If you are not familiar with Texxi or the DRT Exchange, please see the list of furtherpresentations at the end of this presentation.
  6. 6. Texxi allows strangers (or friends) to share seats invehicles they have dynamically summoned in order toboth save money and reduce congestion ● That summons rides in vehicles (multi-modal) ● With a search application for social transit (to find ridematches in realtime) That calculates CO2 and pollutant emissions ● Which congestion charges per vehicle seat ● And optimises roadspacetime and provides real-time outputs to urban authorities ● Provides a viable mobility alternative to owning a private car without limiting freedoms
  7. 7. Did you know that shared travel is the default modeof mechanised transport for most of human history
  8. 8. MyanmarDid you also know that it is still the norm in mostcountries of the world even today
  9. 9. Matatu - Nairobi, Kenya
  10. 10. Kampala, Uganda
  11. 11. Dolmus, Turkey
  12. 12. Did you also know that theaverage car is used for less thanone hour a day and carries onlyone passenger for 90% of trips Source: Susan Shaheen and Daniel Sperling
  13. 13. Did you also know that the taxi business is the onlysector of the transport industry in which customersstill regularly post pay for their rides?
  14. 14. Post-Pay: that means youride first then you pay Exposing the operator to credit risk
  15. 15. Can you imagine an airline in which thatwas normal practice? $1,300 please
  16. 16. And speaking of airlines, did youknow that it costs more totravel per mile in a Hackney cab inLondon than it did flying to New Yorkon Concorde ?
  17. 17. And back
  18. 18. 2002 Concorde Ticket PricesReturn trip: London - New YorkCost £6,800 (FY2002)Miles: 6,000Cost per mile: £1.13Heathrow to Central London Cab FareOne Way (1 - 5 people)Miles: 24Cost: £42 - £80Cost per mile: £1.75 - £3.33Best cost (avg 2 ppl): £1.24
  19. 19. That the cab-ride from centralLondon to Gatwick airport costs more
  20. 20. Than it does to fly to Munich
  21. 21. YesMunich!
  22. 22. SE23 toOne way taxi fromGatwick Airport: £72.00
  23. 23. The taxi fare one-way can costmore than the return flight+ beer
  24. 24. Why is that ?
  25. 25. Could things be any different in the transport business ?
  26. 26. Could things be done any better?
  27. 27. So whats the big idea?
  28. 28. Getting strangers to share ridesin vehicles on a large-scale
  29. 29. Dynamically - as in "On the fly"
  30. 30. by pre-summoning their ride in avehicle type of their choosing
  31. 31. with stated preferences for their co-ridersand situational ambience
  32. 32. What are you smoking?
  33. 33. UK National Travel Survey 2010 Population 73m Cars - 28m Average Occupancy(all modes) - 1.6 Average annual car mileage - 8,430 Average annual # trips per person -960 Average distance of trip - 7 miles Average distance travelled - 6,726 miles Most of the decline in overall trips rates between 1995/97 and 2010 can be accounted for by a fall in shopping and visiting friendsTrips by car (as a driver or passenger) accounted for64% of all trips made and 78% of distance travelled in 2010
  34. 34. We have not only proved thatdynamic, real-time ridesharing isnot only theoretically possible
  35. 35. but have achieved it in practice in real lifesituations with real paying customers
  36. 36. People used their mobile devicesto hail a vehicle for a shared rideand travelled to a common set ofdestinations together
  37. 37. with wait times (headways) of aslittle as 5 minutes
  38. 38. We are thus proposing a whole new way to look at transport systems in urban areasin order to make use of the "river of emptyseats" available in most city vehicle fleets
  39. 39. Liverpool 2006: March - September Fridays and Saturdays 22:00 - 03:00
  40. 40. 135 trips
  41. 41. Ryde, Isle of Wight 2008: July - December Fridays 22:00 - 03:00Ryde Taxis 01943 811 111Fleet Size: 200Licence Type: Private Hire:Proprietor: Andrew YounieFinder: Matthew Burden
  42. 42. 700 tripsAs in on 700 occasions strangers summoned a sharedride in a taxi by mobile phone message
  43. 43. Instead of owning a car, could the average person make each of those 960Imagine trips per year by shared vehicle - whether taxi, shared car from a car club, rented car or carpool UK National Travel Survey (2010) Cars: 28m Avg Occupancy: 1.6 Avg Trip Length: 7 miles # Trips p.a. 960 Total Mileage: 6,726 Highest Mode Occupancy: 2.1 (shopping) Lowest Mode Occupancy: 1.2 (commuting)
  44. 44. Could we now have atransport system whichbehaves more like anervous system?
  45. 45. That adapts continuously to its customers?
  46. 46. That is highly flexible and responsiveto the ever changing demand patternsof the citizens in a municipality?
  47. 47. Offering the full spectrumof service levels, prices and ride qualities
  48. 48. A choice of various vehicletypes and configurations
  49. 49. For instance, large capacity buses for peak times
  50. 50. but with a preselected group of passengers so the busfunctions like an express bus or luxury vehicle
  51. 51. or optimised for co-ridersengaging in a particular activity
  52. 52. The best vehicle to suit the customers context
  53. 53. A choice of ambience
  54. 54. Choice of ride partner
  55. 55. appropriately equipped vehicles for parents with small children
  56. 56. appropriate vehicles for the mobility impaired
  57. 57. Shared rides for club meets
  58. 58. Transport solutions formedical professionals
  59. 59. Shared rides to help nurses cheaply travelto work at hospitals and group up to travel in order to be able to respond to shift patterns, even if they dont drive
  60. 60. Commuter solutions for co-workers
  61. 61. From a system that is always onAnd always taking bookings
  62. 62. The potential applications are endless
  63. 63. Instead of pandering only to the most common type of personA phenomenon that could bedescribed as "The Short Head"
  64. 64. A transport system could now adequately serveany section of society - including consumerspreviously regarded as "niche"
  65. 65. Eliminate the language and script difficulty ofboth hailing a cab...
  66. 66. and specifying a destination
  67. 67. Innovative, intuitive hailingand billing mechanisms
  68. 68. Catering to tourists andnon-native speakers
  69. 69. Branded transit firms rather than simply taxi firmsor bus companies
  70. 70. The distinction between buses, taxis, limousinesand high end car service firms could finally bemoved to one of simply service level proclivity
  71. 71. Buses could operate almost like taxis - picking uppassengers from nearer their front doors
  72. 72. Or indeed taxis could now be considered to besmall buses, replacing many functions previously fulfilled by scheduled services
  73. 73. With a pre-screened certain subset ofcustomers inside, like business travellers
  74. 74. Activity partners
  75. 75. Or school children
  76. 76. Corporate outings
  77. 77. Businesses could nowattract and retain evenmore custom
  78. 78. and bar or restaurant patrons could now avoidthe hassle of trying to arrange a designated driver
  79. 79. or the hassle of a conviction
  80. 80. Women could opt to travel in women-only taxis for safety purposes
  81. 81. with a woman driver
  82. 82. And how about payment methods?
  83. 83. Could these be done any better?
  84. 84. Credit Cards?
  85. 85. Prepaid Accounts?
  86. 86. Simple Text Messages
  87. 87. Vouchers
  88. 88. And how about options?
  89. 89. Huh?
  90. 90. As in you pay a small amount upfront to be able to get aspecific ride at a certain price on a specific future date
  91. 91. Or conversely be able to sell a ride thatyou may not be able to use as plannedfor a certain minimum price
  92. 92. Much as howcommodity futuresare traded on exchanges
  93. 93. Which is incidentally where such derivatives found their first large scale uses
  94. 94. More like a currency(futures) exchange Think of buying a ride like you would buy foreign currency for a trip abroad
  95. 95. Or even mobile phone minutes
  96. 96. And Forwards and Futures
  97. 97. Huh again?
  98. 98. Like buying blocks of trips (of a specific quality nd to a certain destination) in advance
  99. 99. Much like how people buy contracts for certainagricultural commodities or oil
  100. 100. Similar to how you might book a hotel room...
  101. 101. or airline seat....
  102. 102. But with the option to payfor the block booking ininstallments rather than allin one go
  103. 103. Rate your ride provider
  104. 104. Rate your travel partners
  105. 105. Rate the overall experience
  106. 106. As when buying airline seats or hotel rooms, know thefinal price of the trip before you even board - based on the destination
  107. 107. And know when your vehicle isdue to leave, since you booked it
  108. 108. Make direct comparisonsbetween providers
  109. 109. And if you cannot use a booked trip or a series of trips- simply sell them back to the exchange Like a trader
  110. 110. That, in a nutshell, is the Transit Exchange ConceptDesigned to make the transport system in a city into aholistic entity - more like a travel operating system
  111. 111. or a "Battlespace"More precisely - a "Travelspace" - withapplications, nodes and protocols
  112. 112. One that finds travel partners for people inorder to make the most efficient use of eachof fuel, time and the roadspace in a city while lowering the (true) cost of movement for all passengers
  113. 113. And while keeping the earningsup for the vehicle operators
  114. 114. Because we are all more connected in ourlives and habits than we may realiseSo we can thus optimise the travelspace and its actors.
  115. 115. This is now no longer science fiction. It has been able to be achieved since the invention and proof of deployment of a Texxi system in 2006 - 2008The future just happened. The future is now.
  116. 116. Thank you for watching
  117. 117. Texxi was invented by EricMasaba in 2004 as a solution tothe predicted trifecta of a creditcrisis, high oil prices andcongestion based on globalgrowth of numbers of bothautomobiles and human beings.It was largely a fluke.At the time of invention, Texxi andCrane Dragon had no affiliation toany institution. Academic orCorporate.
  118. 118. 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