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Peninsula Corridor Joint Powers Board

San Carlos, CA · NTD ID 90134 · 2024 report year

Annual trips7.4 million #85 in the US
Operating expense$193 million 2024, as reported
Cost per rider$26.03 all modes combined
Farebox recovery24.3% fares ÷ operating cost

Peninsula Corridor Joint Powers Board carries 7.4 million passenger trips a year on commuter rail service — making it the 85th-busiest transit operator in the United States. It is based in San Carlos, CA.

It spends $193 million a year running that service, or $26.03 per trip. Its commuter rail service, the largest of its modes, costs $26.03 per rider — 41% below the $44.41 median for the 27 US agencies reporting commuter rail.

Over the 10 years reported, ridership remains 59% below its 2019 level, the last full year before the pandemic, and up 6% on 2023. Fares cover 24% of operating cost.

Service by mode, 2024

ModeAnnual tripsOperating expense Cost per ridervs national median FareboxVehicles
Commuter Rail#8 of 27 nationally 7,405,005 $193 million $26.03 -41% 24% 72

Ridership, 2015–2024

19.8 million 1.3 million 2024 2015
YearAnnual trips Operating expense (2024 $)Cost per rider (2024 $)
2024 7,405,005 $193 million $26.03
2023 7,012,116 $178 million $25.38
2022 4,054,829 $166 million $41.04
2021 1,263,084 $156 million $123.48
2020 14,067,904 $163 million $11.62
2019 18,179,876 $172 million $9.45
2018 19,088,504 $165 million $8.62
2017 19,267,022 $168 million $8.74
2016 19,083,987 $152 million $7.97
2015 19,787,123 $158 million $7.99

Where Peninsula Corridor Joint Powers Board ranks

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Source & method. Figures are from the Federal Transit Administration's National Transit Database (NTD) annual reporting for 2024, the most recent published report year. Cost per rider is operating expense divided by unlinked passenger trips. Farebox recovery is fare revenue divided by operating expense. Ten-year trends are adjusted for inflation to 2024 dollars; single-year figures are as reported. Agencies self-report to the NTD, and reporting practice varies, so figures are best read as comparable in magnitude rather than to the cent.