For the second time this year the Saskatchewan Transportation Company (STC) is hiking passenger fares, with an average increase of 4.7 per cent beginning Tuesday.
The average fare increase per ticket is $1.55 based on an average one way trip of 182 kilometres (113 miles). The increase is intended to generate additional revenue for the company while still keeping fares reasonable for customers. STC points out that even with the increase, fares will be on par with the western Canadian average fare.
STC notes the increase is necessitated by the continuing pressures from Greyhound Canada schedule changes in 2011 and 2012. Declines in revenues due to reduced ridership, combined with inflationary pressures on expenses have required STC to look at ways to recoup costs while remaining competitively priced.
“There have been significant industry challenges since 2011 that are affecting STC’s revenues,” STC CEO Shawn Grice said. “STC has taken a number of steps over the past year to reduce costs and to mitigate these negative impacts. At STC, all of our staff take great pride in our mandate to provide safe, affordable and accessible bus passenger and freight services to Saskatchewan. The small rate increase will help ensure we are able to deliver on this promise.”
The last STC passenger rate increase occurred January 3, when fares went up an average of 4.56 per cent, resulting in an average increase per ticket of $1.45.