Revenue Fleet Age Sample Clauses

Revenue Fleet Age. ‌ The trend in revenue fleet age is presented in Appendix E for each mode operated by NJT. The age of all fleets was generally in line with the national average: • The age of the bus fleet increased from 7.5 years in 2015 to 8.5 years in 2019. The fleet age in 2019 is slightly older than the national average (7.6 years). The bus fleet is the focus of this analysis, since FTA uses bus fleet age in its evaluation and rating of CIG projects. The trend in fleet age indicates that NJT is replacing buses in accordance with their useful life, producing some year- to-year variation in fleet age due to the age profile of the fleet (i.e., an unequal number of buses per year of purchase).
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