Consumers Use Bike Sharing, Car Services Like Uber, Light Rail and Ride Sharing to a Growing Extent, Business and Industry Trends Analysis

Cycling, both as a means of recreation and as a means of transportation, has grown dramatically.   Cyclists who pedal to work are also proliferating.  Bicycle sharing systems are responsible for part of this growth, both in the U.S. and in other parts of the world, but many of these new services are off to a shaky start financially.  The Earth Policy Institute estimated that the number of bicycles in U.S. public bike sharing programs was more than 30,000 in 2014, and expected the number to reach 38,000 in 2015.  In some cases, operating costs have been higher than expected, in…

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