Modal shift HSR car

Citizen Research Initiative · Modal Shift Analysis · Note 2

Modal Shift Between Rail and Car on the ALTO Corridor

The car competes with rail at every distance, costs are weighed on fuel rather than full economics, and a full car of four tilts the comparison decisively toward driving. Why North American road–rail substitution is structurally harder — and how much of it ALTO’s speed actually buys.

⚠ What This Note Examines

This note applies the evidence on rail–car substitution to the two principal corridor pairs — Toronto–Ottawa and Toronto–Montréal — in the North American context, comparing current VIA Rail, a High Performance Rail (HPR) alternative at 200 km/h, and ALTO at 300+ km/h.

The road–rail comparison differs structurally from the rail–air analysis in Note 1: the car carries no fixed access penalty, perceived driving cost is dominated by fuel rather than full lifecycle cost, group travel decisively favours the car, and modal choice is more responsive to price than to time.

Summary

The right competitive variable is not absolute rail time but the ratio τ of rail time to car drive time: τ = 0.5 means rail takes half as long as driving, τ = 1.0 means equal time. Because car drive time scales with distance, the same τ implies the same competitive geometry on any route length.

The corridor’s road-substitutable demand is far larger than its air-substitutable demand — highway flow on the 401 between Toronto, Kingston, Ottawa and Montréal is several times the corridor’s annual air person-trips. Three structural features make North-American competition harder than European comparators: the 401/A20 is toll-free end-to-end, there is no congestion charging anywhere in Canada, and per-person car cost divides among occupants while rail charges per ticket. A family of four faces a per-person rail-to-car price ratio four times higher than a solo traveller.

Under canonical conditions — solo traveller, current Canadian gas prices, near-parity pricing — on a North-American–calibrated curve anchored on VIA’s ~13% rail share, the model predicts ALTO captures about 51% of the rail+car market on Toronto–Ottawa and 41% on Toronto–Montréal; HPR captures about 33% on both. European-equivalent upper bounds — readings that would apply only if North American transport policy shifted toward European fuel taxes, tolls and station-area land use — are 67% and 58% for ALTO and around 50% for HPR.

Download
Modal Shift Note 2 — Road–Rail Research Note (PDF)
The full 26-page note with all eleven figures, the European and North-American calibrations, the group-size and gas-price levers, the reliability analysis, and the methodology and sources
Download PDF
1 · Travel Time

The competitive zone for road

The literature on rail–car substitution differs sharply from the rail–air literature. The car carries no fixed time penalty equivalent to airport access, security and downtown-airport transit; parked at origin and arriving at destination, it has near-zero access cost on both ends, and its line-haul time degrades only slightly across the 100–1,000 km range. The result is that car competes against rail at every distance — including short-haul corridors where rail would dominate the air comparison.

The right measure is therefore not absolute rail journey time but the ratio of rail time to car time. Defining τ = (rail time) ÷ (car drive time at 100 km/h) gives a distance-invariant measure of rail’s advantage: τ = 0.5 means rail takes half as long as driving; τ = 1.0 means equal time; τ > 1.0 means rail is slower. A 3-hour rail journey on a 540 km route (τ = 0.56) is competitively equivalent to a 1.5-hour journey on a 270 km route. This is the key structural difference from the rail-vs-air analysis, where rail’s fixed advantage at the access stage means absolute time is what matters.

Road-rail modal-shift S-curve plotting rail share of the rail+car market against the time ratio tau, European calibration
Figure 1. Modal-shift S-curve for rail–car substitution, plotting rail’s predicted share of the combined rail+car market against the time ratio τ = (rail journey time) ÷ (car drive time at 100 km/h). Logistic curve fitted with inflection at τ = 0.65 (rail captures 50% at price parity when ~35% faster than driving). Three zones: rail decisively faster (τ < 0.5); the competitive zone (0.5 < τ < 1.0); and rail slower than driving (τ > 1.0). Calibrated against the TGV Paris–Lyon pre/post comparison.

The European calibration in Figure 1 represents what rail can achieve under conditions that favour modal shift — high fuel taxes, congestion charging, dense feeder transit, central stations, and a cultural baseline of rail use. North American conditions are systematically less favourable, and the same τ produces lower rail shares.

North-American-calibrated S-curve anchored on current VIA Rail's 13% rail share, with the European curve shown for comparison
Figure 1b. North-American–calibrated S-curve, anchored on current VIA Rail service (~13% rail share of the rail+car market at τ ≈ 1.0). The faded grey dashed curve is the European calibration from Figure 1. Inflection shifts left from τ = 0.65 to τ = 0.46: under North American conditions, rail must be ~54% faster than driving — rather than 35% — to capture half the market at parity. Equivalent to a constant utility penalty α ≈ 0.67 reflecting toll-free highways, low fuel taxes, free parking, dispersed land use, weak feeder transit, and a cultural autonomy preference.

Read together, Figures 1 and 1b bracket the realistic range. The European curve represents what is achievable in principle if rail-favourable conditions were created; the NA curve gives what is achievable under prevailing structural conditions. The remainder of this note uses the NA calibration, with European-equivalent figures quoted alongside where the comparison is informative. The gap between them is policy-relevant: roughly 10 to 15 percentage points of modal share depend not on which infrastructure is built but on whether the broader transport-policy environment supports modal shift.

Empirical anchors and the North American context

The Paris–Lyon TGV cut journey time from ~4 hours to under 2 and lifted rail’s share against road from ~30% to ~67% — a 37-point shift. Madrid–Barcelona AVE and Tokyo–Osaka Shinkansen deliver comparable shares against parallel highways. But all operate under conditions the corridor does not share. North America carries none of these reinforcements: the 401/A20 is toll-free end-to-end, Canadian fuel taxes are roughly one-third of European levels, there is no congestion charging in any Canadian city, and land use at both ends is car-oriented. The cross-elasticity literature confirms rail and car barely substitute — a 10% rise in fuel prices produces only a 1 to 4% rise in transit ridership.

Rail’s competitive position against the car turns on the time ratio τ, not absolute journey time. The North American absence of tolls, congestion charges, and high fuel taxes means realised modal share will likely sit substantially below the European-anchored model’s predictions.
2 · Price

Elasticity, group size, and perceived cost

The road–rail price comparison differs from rail–air in three ways: the elasticity of substitution is higher, the per-person ratio depends decisively on group size, and the cost of driving travellers actually weigh is the perceived cost (mostly fuel), not the full economic cost. The same logit form applies, but with a larger price coefficient (γ = 1.5 against 1.0 for rail–air), reflecting own-price elasticities of −1.0 to −1.6 for leisure demand against −0.4 to −0.7 for business.

European price family

Figure 2a shows the curve family at six price ratios under the European calibration. The wide range (0.5 to 8.0) reflects that group travel can drive the per-person ratio well above 5 even at parity-pricing intentions, since car cost divides among occupants while rail fare does not.

North American price family

Figure 2b applies the same six ratios under the NA calibration (τ₀ = 0.46). Each curve sits 15 to 20 points below its European counterpart at every τ. This family drives the corridor predictions in the rest of the note.

Family of road-rail S-curves at six rail-to-car price ratios, European calibration
Figure 2a. Family of road–rail S-curves at six rail-to-car-per-person price ratios (r = rail fare ÷ car cost per person), European calibration. The middle navy curve at r = 1.0 is price parity. The family spans 0.5 to 8.0, reflecting that group travel can push the per-person ratio well above 5.
Family of road-rail S-curves at six price ratios, North American calibration
Figure 2b. The same six ratios under the North American calibration (τ₀ = 0.46). Each curve sits 15 to 20 points below its European counterpart. This family is used throughout the rest of the note.

Perceived versus full cost of driving

Drivers compare rail fare against the perceived cost of driving, not the full economic cost. On Toronto–Montréal, one-way fuel for a typical car (9.4 L/100 km at ~$1.65/L) is about $84; the full economic cost — depreciation, insurance, maintenance — is more than three times that, around $300. But fixed costs are not perceived at the moment of choice; the car is owned regardless. A VIA Economy fare of ~$80 against perceived car cost of $84 produces a price ratio near 1.0 for a solo traveller. Against full cost the same fare would imply a ratio of 0.27 — and would predict a far larger rail share than the corridor actually carries, the empirical tell that perceived cost is the right input.

The group-size effect

Cars carry one to four passengers at a single fuel cost; rail charges per ticket. The per-person rail-to-car ratio is therefore ~1.0 for a solo traveller, 1.9 for a couple, 2.9 for three, and 3.8 for a full car of four. Family travel and any leisure trip with two or more travellers structurally favours the car — a multiplier with no analogue in the rail–air comparison. At parity pricing, ALTO’s Toronto–Ottawa share drops from ~51% solo to ~12% for a family of four; on Toronto–Montréal from 41% to 8%.

Gas price as a modal-shift lever

Because perceived car cost is dominated by fuel, the price ratio is sensitive to gas prices in a way the air comparison is not. A swing from $1.30 to $2.00/L — well within historic range — moves the solo Toronto–Montréal ratio from 1.21 to 0.79. Carbon pricing and fuel-tax policy are levers on rail modal share that operate as strongly as line-haul speed, at much lower capital cost.

Group-size effects can suppress predicted rail share by 75 to 90 per cent; gas-price swings can move it by 10 to 20 percentage points. These dimensions matter as much as infrastructure choice.
3 · Travel Time on the Corridor

Where the corridor sits on the curve

The same two principal pairs carry the bulk of rail-substitutable demand, but the absolute road flow is very large. The 401 between Toronto, Kingston, Ottawa and Montréal carries tens of millions of person-trips a year — several times the corridor’s air person-trips. Even a small percentage shift represents a meaningful absolute volume.

Table 1. Approximate annual person-trip volumes (both directions) by mode on each principal pair, and resulting current modal shares. Order-of-magnitude estimates (±25% air/rail, ±30% car). Bus volumes excluded for clarity.
City pairAirRail (VIA)CarRail share of rail+airRail share of rail+car
Toronto–Montréal~1.9 M~800 K~6 M~30%~13%
Toronto–Ottawa~0.9 M~800 K~4.5 M~47%~14%
Ottawa–Montréal~0.45 M~525 K~4 M~54%~12%

Three observations follow. The road-substitutable market dwarfs the air-substitutable market on every pair — car volumes are three to ten times rail+air combined. Current rail-vs-air shares are already meaningful (~30% on Toronto–Montréal, ~half on the shorter pairs), but rail-vs-car shares sit in the 12 to 14% range across all three. And the structural similarity of road–rail shares despite very different distances confirms the τ-normalisation: current VIA service produces τ values close to 1.0 on every pair.

Table 2. Approximate segment-level travel times for car (driving on 401/A20, no congestion) alongside rail under three scenarios. *Toronto–Montréal under current VIA runs 5 h 13 min on the 538 km direct routing; the parallel car drive is ~5 h 30 min.
City pairDistanceCar (401)VIA currentHPR (200 km/h)ALTO (300+ km/h)
Toronto–Ottawa~450 km~4 h 30 min~4 h 30 min~2 h 55 min~2 h
Toronto–Montréal~540 km~5 h 30 min5 h 13 min*~3 h 38 min~3 h
Ottawa–Montréal~190 km~2 h~1 h 55 min~1 h 30 min~1 h
Modal-shift progression for Toronto-Montreal under VIA, HPR and ALTO at solo, near-parity pricing on the NA-calibrated curve
Figure 3. Modal-shift progression for Toronto–Montréal under the three rail scenarios, plotted on the North-American–calibrated S-curve at solo traveller and near-parity pricing. Predicted rail share of the rail+car market rises from ~15% under VIA, to 32% under HPR, to 41% under ALTO — a total gain of ~27 points, of which 17 points (about two-thirds) are captured by the HPR step alone.
Table 3. Predicted rail share of the combined rail+car market on each principal pair under each scenario (NA calibration, near-parity, solo, current gas, current VIA-equivalent fares). The VIA shares match the Table 1 anchors, validating the calibration. HPR/ALTO values are order-of-magnitude estimates.
City pairVIA currentHPR (200 km/h)ALTO (300+ km/h)
Toronto–Ottawa~13%~34%~51%
Toronto–Montréal~15%~32%~41%

These are the time-only readings under the most favourable price configuration. Real corridor traffic is a mix of solo, couple and family travel, with fares that may rise above current VIA levels if HPR or ALTO recover more capital from passengers. Section 4 produces a more realistic envelope.

4 · Price and Group Size on the Corridor

Where the corridor sits on the price axis

Figure 3 plotted the scenarios at price parity — the most favourable assumption for rail. But HPR and ALTO carry higher capital and operating costs than VIA’s shared-track service, and any realistic operating model recovers part of that from passengers. International HSR and the Brightline comparator place premium fares 30 to 80% above conventional rail. This analysis takes a moderate set: HPR at ~20% premium (r = 1.2), ALTO at ~50% premium (r = 1.5).

Modal-shift progression for Toronto-Montreal with realistic fare premiums applied: VIA r=1.0, HPR r=1.2, ALTO r=1.5
Figure 4. Toronto–Montréal under realistic scenario-specific fare premiums — VIA at r = 1.0, HPR at ~20% premium (r = 1.2), ALTO at ~50% premium (r = 1.5). Predicted shares: VIA 15%, HPR 26%, ALTO 28%. The total VIA → ALTO gain collapses from +27 points at parity to +13 points, with the HPR step doing essentially all the work (+12 pts) and the ALTO step adding only +1 to +2.

Three observations follow. First, ALTO’s modal-share advantage over HPR — already modest at parity (+9 points on Toronto–Montréal) — essentially disappears once realistic fare premiums are applied, the two converging to within a point of each other. Second, this is robust: sensitivity at ALTO premiums between 30 and 80% produces ALTO shares between 30 and 24%, all within a few points of the HPR 26% reading. Third, the HPR step from current VIA to a dedicated 200 km/h corridor at VIA-equivalent fares captures essentially all of the realistically achievable road–rail modal shift; ALTO’s 300+ km/h capability is real but largely cancelled by the fare premium needed to fund it.

Modal share as a function of per-person rail-to-car price ratio for each scenario on both Toronto pairs
Figure 5. Modal share as a function of per-person rail-to-car price ratio, travel time held fixed. Reference operating points combine the solo/current-gas baseline with the realistic premiums: VIA at r = 2.4, HPR at r = 2.8, ALTO at r = 3.6. Predicted shares: VIA ~4% on both pairs; HPR ~10% (Toronto–Ottawa) and ~9% (Toronto–Montréal); ALTO ~13% and ~9%. Share falls steeply as the ratio rises, reflecting the higher price coefficient.
Modal share as a function of group size from 1 to 4 passengers per car for each scenario
Figure 6. Modal share against group size (1 to 4 passengers per car), each scenario scaling linearly from its base ratio. Toronto–Ottawa solo shares of 4% (VIA), 10% (HPR), 13% (ALTO) fall to ~1% across all three for a family of four; Toronto–Montréal similarly. The HPR and ALTO lines converge rapidly — a couple essentially eliminates the ALTO advantage.

The rail-substitutable portion of corridor road traffic is concentrated on solo travellers paying single-person fares against per-person fuel costs. A second passenger halves rail share again; a car of three or four cannot be captured at any travel time or defensible fare. This narrows the realistic market to a small fraction of total road flow — predominantly business, single-traveller leisure, and downtown-to-downtown trips.

Modal share as a function of gas price from $1.00 to $2.50 per litre for each scenario
Figure 7. Modal share against gas price ($/L) at solo travel, anchored at the current ~$1.65/L (VIA r = 2.4, HPR r = 2.8, ALTO r = 3.6). A swing from $1.00 to $2.50 roughly triples rail share for each scenario, but absolute levels remain modest. HPR and ALTO converge almost exactly on Toronto–Montréal at all gas prices — fare premiums largely cancel ALTO’s speed advantage.

Two policy implications follow. The corridor’s modal-shift outcomes are not solely a function of which infrastructure is chosen — they also depend on fuel pricing, carbon pricing and the broader transport-policy environment. And the comparative performance of HPR and ALTO is roughly stable across the gas-price range, so the scenario comparison is robust to fuel-price assumptions even if the absolute levels are not.

5 · Reliability

On-time performance and reliability

Reliability operates as an effective time penalty whenever on-time performance (OTP) drops below a threshold travellers can rely on. Unreliable service makes travellers take an earlier departure than schedule alone requires, inflating their effective journey time by the buffer they carry. The model adds a utility term δ·(OTP_ref − OTP), with δ = 2.0 (the Wardman midpoint) and OTP_ref = 0.85 (VIA’s 2023 reported figure).

Rail share of the rail+car market as on-time performance varies from 95% down to 50% for both Toronto pairs
Figure 8. Rail share of the rail+car market for VIA Toronto–Ottawa and Toronto–Montréal as OTP varies from a 95% dedicated-track target down to a 50% stress-test floor. Reference points: dedicated-track target (95%), current VIA (85%), VIA’s 2021 figure (~67%, during heavy freight conflict), and a 50% stress test. As OTP erodes from 95 to 50%, Toronto–Ottawa share roughly halves (15.4% to 6.9%); Toronto–Montréal falls 17.2% to 7.8%.

Three points follow. OTP is a meaningful but not dominant lever — its dynamic range across the observed band is about ±5 points, comparable to a $0.50/L fuel swing or a solo-to-couple shift. OTP and price are partial substitutes: a 10-point OTP improvement is worth roughly a 14% fare cut, which is why Brightline advertises 92% OTP precisely to support a fare premium. And crucially, the OTP gain inheres in the dedicated-track step, not the speed step — both HPR and ALTO eliminate the freight-train conflicts on shared CN track that cause VIA’s reliability problems, so OTP is not a differentiator between them.

OTP erosion from 95 to 50 per cent halves VIA’s predicted rail share. The reliability gap between shared-track service and a dedicated alternative is real, but it is captured equally by HPR and ALTO — the speed step adds nothing to reliability.
6 · Where the Returns Sit

Where the modal-shift returns sit on the curve

Because the curve is logistic, the value of additional time savings depends on where a route starts. On Toronto–Ottawa under the NA calibration, moving from VIA (τ = 1.00, ~13%) to HPR (τ = 0.65, ~34%) approaches the inflection and delivers the largest single increment; the move to ALTO (τ = 0.44, ~51%) adds another as the curve crosses its inflection. On Toronto–Montréal, the moves go from VIA at ~15% to HPR at ~32% to ALTO at ~41%.

Decomposition of road-rail modal-shift gain by investment step: VIA to HPR versus HPR to ALTO on each pair
Figure 9. Decomposition of road–rail modal-shift gain by investment step (solo, near-parity, NA calibration). Gold bars show the gain from VIA to HPR; terracotta bars the additional gain from HPR to ALTO. The HPR step adds 21 points on Toronto–Ottawa and 17 on Toronto–Montréal; the ALTO step adds 17 and 9. Under the European calibration the comparable figures would be 27/23 (HPR) and 17/10 (ALTO).
17–21
Percentage points captured by the VIA → HPR step (NA, near-parity)
9–17
Additional points from HPR → ALTO — shrinking under realistic premiums
$2.5–8B
Incremental capital cost per percentage point of ALTO-only road–rail shift

The cost-effectiveness comparison is more challenging for ALTO than for HPR. ALTO’s $60–90 billion envelope is an incremental investment of $40–70 billion above the HPR option. Spread across the additional 9 to 17 points ALTO captures over HPR at canonical NA conditions, that works out to roughly $2.5 billion to $8 billion per percentage point — with the important caveat that road–rail shift, in absolute trip volumes, represents a much larger total person-trip diversion than the air–rail equivalent.

The corridor’s road traffic is several times its air traffic, and even an NA-realistic 30 to 50 per cent rail share of rail+car represents a larger absolute volume than full capture of the rail+air market.
7 · Implications

What this means for the corridor decision

Six conclusions follow from putting the road–rail evidence alongside the air–rail analysis.

Structurally different from rail-vs-air

The car competes at all distances; the competitive zone is narrower (1.5 to 3 hours); perceived cost is dominated by fuel; group travel tilts decisively toward driving; cross-elasticities are remarkably low; and structural North American conditions all suppress rail’s position relative to European comparators.

The road prize is bigger

Despite the headwinds, road-substitutable demand is far larger in absolute terms than air-substitutable demand. Even modest rail shares translate to large absolute diversions — between 1.4 and 3 million additional rail trips a year on the principal pairs. The road prize is bigger; it is just structurally harder to capture.

Policy levers rival infrastructure

Group size and fuel pricing are levers as substantial as the HPR/ALTO choice. Family travel suppresses rail share by ~75%; sustained higher fuel prices lift it by 15 to 30 points. Carbon pricing, fuel tax, congestion charging and parking pricing operate at much lower capital cost.

Reliability is a dedicated-track gain

OTP is substantial but bounded, and the gap between shared-track and dedicated service is captured by the move from VIA to either HPR or ALTO. The OTP step is inherent in the dedicated-track decision, not the speed decision.

Sixth, this is the regime in which the High Performance Rail framework is most defensible on modal-shift grounds. The HPR step from VIA’s shared-track service to a dedicated, electrified 200 km/h corridor at VIA-style fares captures the majority of the road–rail opportunity on both pairs — adding 21 points on Toronto–Ottawa and 17 on Toronto–Montréal. ALTO’s additional speed adds 9 to 17 points at solo, near-parity conditions, but those points cost $40–70 billion above HPR, and under realistic group-mix and price assumptions the incremental advantage shrinks further.

Taken together with the parallel rail–air analysis, the corridor decision turns on whether the right framework is being used. Modal-shift performance is multi-dimensional — time, price, group size, fuel cost, traveller type, structural context — and the headline time-only advantage that motivates ALTO’s case shrinks substantially once these dimensions are admitted. The High Performance Rail framework delivers the bulk of the corridor’s achievable modal-shift outcomes — on both the air market and the road market — at roughly a quarter of ALTO’s capital cost.

Download Full Note
Modal Shift Note 2 — Road–Rail Research Note (PDF)
Reference document with the full methodology, both calibrations, sensitivity analysis, and the complete source list
Download PDF
Methodology

Modelling approach

The S-curve is a standard logistic of the form S(τ) = 1 / (1 + exp(K·(τ − τ₀))), where S(τ) is rail’s share of the combined rail+car market as a function of the time ratio τ = (rail time) ÷ (car drive time at 100 km/h). The τ-normalisation is a meaningful departure from the absolute-time framing of the rail–air analysis: because the car comparator scales with distance, τ gives a distance-invariant measure of rail’s competitive position. Parameters are K = 3.5 and τ₀ = 0.65 (European). The price family adds a utility term: S(τ, r) = 1 / (1 + exp(K·(τ − τ₀) + γ·ln r)), with γ = 1.5 — larger than the rail–air γ = 1.0, reflecting higher own-price elasticities for car-vs-rail substitution. For group travel, r_effective = r_solo × n.

Two calibrations are presented. The European calibration (τ₀ = 0.65) is fitted to the TGV Paris–Lyon pre/post comparison. The North American calibration (τ₀ = 0.46) is anchored on current VIA’s ~13% rail share at τ ≈ 1.0; the two differ only in τ₀, the shift equivalent to a constant penalty α ≈ 0.67. The parameters are illustrative rather than predictive; sensitivity at K between 2.5 and 4.5, τ₀ between 0.40 and 0.75, and γ between 1.2 and 1.8 produces the same qualitative conclusions. An important caveat: the binary-logit model captures time-and-price geometry but not the structural North American factors — free parking, dispersed land use, weak feeder transit, family-travel norms, cultural autonomy preference — that suppress rail share. Model predictions should be read as upper bounds; realised share is likely 30 to 50% below them. Brightline Miami–Orlando, the closest North American analogue, is in extended ramp-up with bond ratings downgraded to CCC+, indirect confirmation that achievable shares emerge slowly here.

Sources

Principal sources

1.
ALTO HSR Citizen Research Initiative (2026). HPR Strategy, Chapter 4 — High Performance Passenger Rail (Express journey times). citizenresearch.ca
2.
VIA Rail Canada Annual Report 2023; published timetables, station-pair travel times and Economy fare ranges; ridership via Statista (2024) — Montréal–Ottawa–Toronto triangle at 2.1 million passengers.
3.
Cirium aviation analytics (2025), via Simple Flying — Toronto Pearson top destinations by capacity; ~930,000 one-way Toronto–Montréal seats on YYZ–YUL alone.
4.
Quebec City–Windsor Corridor reference data — ~108 flights per workday within the Toronto–Ottawa–Montréal triangle.
5.
Ministry of Transportation of Ontario (2019, 2024). Highway 401 Annual Average Daily Traffic counts; Toronto-area AADT exceeds 450,000 vehicles/day.
6.
Statistics Canada Tables 23-10-0253-01 (Air passenger traffic) and 51-204-X (Air Passenger Origin and Destination, Domestic).
7.
Currie, G. & Phung, J. (2007). Transit Ridership, Auto Gas Prices, and World Events. Transportation Research Record, 1992. — and Lago, A.M., Mayworm, P.D. & McEnroe, J.M. (1992). Ridership Response to Changes in Transit Services. Transportation Research Record, 818.
8.
Wardman, M. (2014). Price Elasticities of Surface Travel Demand: A Meta-analysis of UK Evidence. Journal of Transport Economics and Policy, 48.
9.
Mineta Transportation Institute (2017). Modal Shift and High-Speed Rail. P. Haas. — and Moeckel, R. et al. (2013). Mode Choice Modeling for Long-Distance Travel (nested logit, TSRC).
10.
Federal Highway Administration (2015). Analysis of Automobile Travel Demand Elasticities With Respect To Travel Cost. — and Litman, T. (VTPI). Transportation Elasticities. vtpi.org
11.
International Transport Forum (2019). Roundtable 176: What is the Value of Saving Travel Time? OECD/ITF.
12.
Brightline Florida (2024–2026). Monthly Revenue and Ridership Reports; KBRA bond rating actions. — and Geotab (2025). Travel Time vs. Toll Costs: Toronto’s 407 and 401.
13.
Ben-Akiva, M. & Lerman, S. (1985). Discrete Choice Analysis. MIT Press. — and Train, K. (2009). Discrete Choice Methods with Simulation, 2nd ed. Cambridge University Press.
14.
ALTO HSR Citizen Research Initiative companion notes: Note 1 — Modal shift between high-speed rail and air, and the Modal Shift & Ridership synthesis brief that sets this note alongside Notes 1, 3 and 4.