Traffic congestion costs Australian firms more than $2.6 billion annually, report says

by Dramelin 10:00 PM 0 comments

In Australiaalone, an excess of 3.
37 billion Australian dollars ($2.
6 billion) is lost annually, due to traffic congestion, in its busiest cities like Sydney, Melbourne and Perth, according to TomTom Telematics.
And in Mexico City, which tops TomTom`s Traffic Index, companies are estimated to have lost 16 billion pesos (about $813 million) in 2016 due to traffic congestion.
The figures provided by TomTom Telematics are conservative, CEO Thomas Schmidt told CNBC, as many drivers are paid more than the minimum wage.
A congestion index is calculated based on the difference in average duration it would take to get to a destination under normal traffic conditions and when there is a traffic jam.
The data is collected via TomTom`s LINK device which monitors drivers` behavior, engine efficiency and directions.