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Why The NYC Subway Is Such A Mess

Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator the Metropolitan Transportation Authority. The number of paid weekly subway riders on the New York City subway averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership. Fare evasion has taken its toll on the transit authority too costing the MTA $690 million last year including $285 million on its subways. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains and multiple bridges and tunnels. So when will New York City subway riders return? And what can the MTA do to respond to fare evaders? Watch the video to learn more. Chapters: 00:00 — Introduction 02:53 — Private companies 06:30 — Fare evasion 09:43 — Subway fare revenue 10:53 — MTA building costs Produced and Shot by: Shawn Baldwin Edited by: Dain Evans Additional Camera: Ryan Baker Animations: Christina Locopo, Josh Kalven Supervising Producer: Jeniece Pettitt » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook:  Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why The NYC Subway Is Such A Mess