New York’s congestion costs the city $9B in lost time

investmentnews.com:

New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows.

A typical motorist driving through the most populated city in the US lost 101 hours last year because of traffic during peak commuting times, the most among nearly 1,000 cities across the globe, according to the 2023 Global Traffic Scorecard from INRIX Inc., a traffic-data analysis firm. 

Mexico City ranked second on the list, followed by London, Paris and Chicago. Other US cities in the global top 10 include Los Angeles and Boston, according to the report. Rankings are determined by the influence of congestion relative to population.

“Traffic congestion is both a bane and a barometer of economic health; it symbolizes bustling activity yet simultaneously hampers it,” Bob Pishue, transportation analyst at INRIX, said in a statement. “The surge in traffic congestion in urban areas indicated a revival of economic hubbub post-COVID, but it also led to billions of dollars in lost time for drivers.” 

New York City tops the list again after Governor Kathy Hochul earlier this month indefinitely paused a tolling plan that aims to reduce traffic and raise money to update the city’s aging transit network. The congestion pricing initiative, the first in the US, would charge motorists driving into Manhattan’s central business district, which runs from 60th street to the southern tip of the island.

That area is getting more congested. Trips into downtown Manhattan increased by 13% last year, according to the INRIX report. Vehicles in downtown Manhattan drove at a speed of 11 miles per hour during peak morning periods in the first quarter of this year, an 11% drop from the