- Facebook Fiasco: 10 Things Underwriters Got Wrong
- Sticker Shock: What College Is Likely to Cost in 18 Years
- Marc Faber: 100% Chance of Global Recession
- Citigroup Lost $20 Million on Facebook IPO Trades
- Main Players in the Greek Election
- Many Greeks Moved Their Money Abroad Long Ago
- Bankia Asks Spain for $24 Billion Bailout
- European Consumers 'Hit With a One-Two Punch': Kilduff
- Still Like Facebook? There’s an ETF for That.
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
MOST SHARED
- Citigroup Lost $20 Million on Facebook IPO Trades
- Many Greeks Moved Their Money Abroad Long Ago
- S&P Cuts Ratings on Five Spanish Banks
- Are Investors Running Out of Safe Havens to Put Money?
- Reum: Successfully Marketing Liquor through Facebook
- CNBC Webinar: Competitive-Edge Technologies for Advanced Manufacturing
- Europe Fights Argentina's 'Protectionist' Import Rules
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Kansas City Fed President Steps Into Jamie Dimon Debate
- Facebook IPO Fiasco: 10 Things Underwriters Got Wrong
MOST POPULAR
HOT ON FACEBOOK
TransitChek Fights Auto Congestion With Green Wheels
![]() |
Twenty years ago at the Port Authority of New York and New Jersey, Larry Filler came up a plan to entice companies and workers into using more mass transit. He thought he was simply fighting traffic congestion.
But over the years, the 1987 program -- where companies subsidize employee use of mass transit in exchange for tax breaks -- proved to be an effective tool in cutting carbon emissions. Today, some 11,000 companies and half a million employees use the TransitChek program, which now operates on a national level and has spawned competitors, while TransitCenter is now a stand alone, non-profit group.
![]() |
With the green mentality growing in Corporate America, corporate membership in commuter benefit programs is up 57% in the past year alone. A recent survey found that 84% of US companies said they are concerned about the environment and global warming and about two-thirds of them have developed Green initiatives.. A separate 2007 study by the American Pubic Transportation Association found that mass transit currently saves about 1.4 billion gallons of gasoline a year.
Twenty years ago did you think it would turn out this way?
I don’t think any of us understood at that time how serious a problem CC (climate change) is and the things we need to look at to reduce emissions.
To what extent was the program environmentally motivated at its inception?
We were thinking very broadly. Our mission was to reduce traffic congestion, to save energy and address environmental issues. Our surveys over the years show that our initial purpose is being addressed but we found benefits beyond congestion, such as reducing omissions.
To what extent is helping the environment a selling point?
![]() |
In the early years, we found companies weren’t as in tune to that issue as they were the tax savings. One of the things we’ve found now is that the awareness of the connection between the congestion and the environment has increased.
What do your surveys of users show about the green mentality?
The big surprise for us this year was when we started asking questions about global warming and how employers see the issue of global warming as one that has risen to a significant concern. The global warming issue has become second to high gasoline prices. I think there is a trend here in there being a very strong connection between concern about climatic change and commuter-benefits.
Is that sentiment sincere or more of a bottom-line decision?
I think they are sincere, for a lot of reasons. Certainly bottom line decisions drive a lot of the concerns. We get a sense from our companies that they also have a social responsibility. They don’t want to be seen as a part of a problem people suffer from
![]() |
Dima Gavrysh / AP Congestion Central -- Taxis and other vehicles clog New York's Times Square on a Saturday in November 2005. (AP Photo/ Dima Gavrysh) |
Is there a true connection for people about climate change?
There are two things that are going on. There’s a growing awareness that there is a problem but people don’t quite understand what it means to them on a local basis. They’ve seen intense storms, very unusual weather on occasion, but sometimes it is not always clear what it means to them in their own area and what it mean over the next 20 years.
- The Nasdaq has suffered the most from the EU crisis showing there's risk in the usual tech stocks.
- Targeting more Millennials is just one of the items brewing for consumers in the world of spirits.
- It seems many people may need a reminder of how NOT to act on a plane. Here are a few tips.
- Here are some very unusual roadside stops along American highways that might peek your interest.
- How three generations of Americans are dealing with the finances of retirement.













