• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

2

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

3

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

1

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

2

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

3

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

Pushing pedals from Tokyo to Tel Aviv

By
Anne VanderMey
Anne VanderMey
Down Arrow Button Icon
By
Anne VanderMey
Anne VanderMey
Down Arrow Button Icon
July 19, 2012, 9:00 AM ET
Add Fortune on Google for similar content.

FORTUNE — Bicycles are the world’s most popular form of transit: About 133 million were produced last year, a nearly 600% increase from 1960 and more than twice the number of cars manufactured in 2011. Sharing programs, where members can pick up and drop off bikes at street-side rental stations, are on the rise in cities. In 2007 there were 60 such programs worldwide; today there are nearly 450. And soon, New York City.

By the numbers

70,000: The number of bicycles Wuhan, China, says are in its bike-share system, the largest in the world. In some Chinese cities, as much as half the population commutes by bike (in the Netherlands, it’s 30%). The country also makes about two-thirds of the world’s cycles.

$1,600: The average cost per year to maintain a shared bike. In New York City’s setup, which makes its debut this summer (at 10,000 bikes, the largest program in North America), borrowing a bike will cost $95 a year; in London it is $70 a year; in Paris it’s about $36.

$41 million: Amount paid by Citigroup to sponsor New York City’s soon-to-launch 600-station service (called Citi Bike), which is being installed at no cost to taxpayers. In Europe many programs are run by advertising agencies such as Clear Channel Outdoor and JCDecaux.

Sources: Paul DeMaio; New York City Department of City Planning; Jay Townley & Associates; Bicycle Retailer & Industry News statistics; Alta Bicycle Share; Earth Policy Institute

This story is from the July 23, 2012 issue of Fortune.

About the Author
By Anne VanderMey
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.