I wrote 'Towards financially sustainable mass transit systems' about a week ago. This has generated much commentary. I list some of it below:
Human Transit: should transit agencies "retrench" to become "profitable"? My reply here
Second Ave. Sagas: From LI Bus, a case study in the purpose of transit. My reply here
Streetsblog.net: Should Public Transit Agencies Strive for Profitability?
Pedestrian ObservationsThe Option of Profitable Transit