KTCG Kapsch Trafficcom

 Kapsch TrafficCom: Current Traffic Patterns Offer Chance to Consider New Strategies for Travel Demand Management

Across the United States, the coronavirus outbreak has significantly decreased vehicle travel. Particularly in metropolitan areas, fewer vehicle trips have led to reduced delays, a decrease in car crashes and accident fatalities, as well as improved air quality and a reduction in carbon emissions. A recent survey of 1,000 American drivers indicates that over 70% believe road congestion to increase travel time and personal stress, make driving more dangerous, and worsen air quality.1 As current circumstances show, changes in travel demand and a reduction of vehicle trips can reverse these negative impacts of congestion.

This press release features multimedia. View the full release here:

(Photo: Business Wire)

(Photo: Business Wire)

Unfortunately, the coronavirus will likely have a lasting impact on how people travel. The use of public transit and mobility services have already declined sharply. It is expected that wariness over the virus will lead to an increase in personal vehicle use. This will reverse gains from initiatives that have aimed to reduce single-occupancy vehicle trips.

As we transition back to normal routines, it is worth reflecting upon how transportation system performance, road safety, and air quality have improved in areas with reduced vehicle traffic. We should use this opportunity to work toward sustaining these improvements going forward. Even small reductions in vehicle trips can have large impacts on transportation operations. By creating a dialogue about responsible demand management and applying best practices from the intelligent transportation systems (ITS) industry, some current benefits of reduced vehicle traffic may be maintained in the future.

“ITS solutions are designed to optimize traffic flows, and can positively affect factors such as vehicle emissions, air quality, and road safety,” said Chris Murray, president of Kapsch TrafficCom North America (Kapsch). “The question now is how to go beyond solutions that mitigate the symptom of road congestion, and address the problem of too many vehicles on the roads to begin with. At Kapsch, we recognize the positive impacts that recent home-office arrangements and staggered schedules have had on commuting patterns, and plan to offer flexible work options going forward to sustain these benefits. Current circumstances offer a chance to create responsible travel demand strategies through social and lifestyle incentives, integrated mobility programs, and transportation charging.”

Kapsch is a globally-operating technology company with proven ITS solutions that have been implemented around the world. Its applications include traffic management systems for highways and cities, electronic tolling systems, and connected vehicle programs and product suites. “We will continue to work with transportation agencies and municipalities to develop customized solutions for their unique requirements,” continued Chris Murray. “Going forward, we should all be talking about how to manage travel demand in a smart, equitable, and holistic way that benefits travelers, road operators, and the environment as well. This is an opportunity to make adjustments to our behavior and travel patterns for the future.”

Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways while helping to reduce pollution.

Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. As part of the Kapsch Group, Kapsch TrafficCom with headquarters in Vienna, has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom‘s about 5,000 employees generated revenues of EUR 738 million in fiscal year 2018/19.

Further information: /ktc

Follow us on and

______________________

1 The Kapsch TrafficCom index was conducted with the support of a professional market research firm. A total of 9,000 representative participants in nine countries were asked their views on their current traffic situation, road congestion and strategies to improve traffic management: USA (N=1,000), Argentina (N=1,000), Chile (N=1,000), UK (N=1,000), Germany (N=1,000), Austria (N=1,000), France (N=1,000), Spain (N=1,000), Australia (N=1,000).

EN
06/05/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kapsch Trafficcom

 PRESS RELEASE

EQS-News: Kapsch TrafficCom AG: Ergebnis für die ersten drei Quartale ...

EQS-News: Kapsch TrafficCom AG / Schlagwort(e): Quartalsergebnis Kapsch TrafficCom AG: Ergebnis für die ersten drei Quartale 2023/24. 21.02.2024 / 07:15 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Kapsch TrafficCom – Ergebnis für die ersten drei Quartale 2023/24. Highlights. Ausgewiesener Umsatz mit EUR 400 Mio. durch Kundengutschrift und Wertberichtigungen von Margen für angearbeitete Projekte um 4 % unter Vorjahr. Mittelzufluss aus Einigung in Deutschland verbesserte Finanz-, Vermögens- und Ertragslage signifikant. Operative...

 PRESS RELEASE

EQS-News: Kapsch TrafficCom AG: Result for the first three quarters of...

EQS-News: Kapsch TrafficCom AG / Key word(s): Quarter Results Kapsch TrafficCom AG: Result for the first three quarters of 2023/24. 21.02.2024 / 07:15 CET/CEST The issuer is solely responsible for the content of this announcement. Kapsch TrafficCom – Result for the first three quarters of 2023/24. Highlights. Reported revenues of EUR 400 million are 4% below previous year due to customer credit and margin adjustments for projects in progress. Cash inflow from settlement agreement in Germany significantly improved financial position, net assets and results of operations...

 PRESS RELEASE

Louisiana, USA: Cloud-based deployment of Kapsch’s Commercial Back Off...

EQS-Media / 25.01.2024 / 14:05 CET/CEST Louisiana, USA: Cloud-based deployment of Kapsch’s Commercial Back Office System and End-to-End tolling solution enters full operation Completed total refit of the LADOTD LA1 tolling system in Leeville, LA providing a new tolling gantry, Back Office System, Roadside Solution, and enhanced Customer Service Center capabilities Vienna/Duluth, January 25, 2024 - On November 20, the LA1 tolling facility was officially reopened with a state of the art end-to-end Roadside Toll Collection system, inclusive of the Commercial Back Office system and enhanced ...

 PRESS RELEASE

EQS-News: Kapsch TrafficCom AG: Ergebnis für das erste Halbjahr 2023/2...

EQS-News: Kapsch TrafficCom AG / Schlagwort(e): Halbjahresergebnis Kapsch TrafficCom AG: Ergebnis für das erste Halbjahr 2023/24. 15.11.2023 / 07:15 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Kapsch TrafficCom – Ergebnis für das erste Halbjahr 2023/24. Highlights. Mittelzufluss aus Einigung in Deutschland verbessert Finanzlage signifikant. Umsatz mit EUR 266 Mio. auf Vorjahresniveau. Operatives Ergebnis (EBIT) auf EUR 73 Mio. erhöht. Ausblick Geschäftsjahr 2023/24: Umsatzwachstum im einstelligen Prozentbereich und signifikan...

 PRESS RELEASE

EQS-News: Kapsch TrafficCom AG: Result for the first half of 2023/24.

EQS-News: Kapsch TrafficCom AG / Key word(s): Half Year Results Kapsch TrafficCom AG: Result for the first half of 2023/24. 15.11.2023 / 07:15 CET/CEST The issuer is solely responsible for the content of this announcement. Kapsch TrafficCom – Result for the first half of 2023/24. Highlights. Cash inflow from settlement in Germany significantly improves financial position. Revenues of EUR 266 million at previous year's level. Operating result (EBIT) increased to EUR 73 million. Outlook financial year 2023/24: Revenue growth in single-digit percentage range and signifi...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch