Finding a parking space in downtown Los Angeles became a lot easier for drivers beginning in spring 2012. The city teamed up with Xerox (NYSE: XRX), to create a new pricing system that is part of a parking strategy designed to relieve traffic congestion, reduce air pollution, and improve the efficiency of downtown LA’s transit operations.
The Los Angeles Department of Transportation (LADOT) and Xerox implemented a program called LA ExpressParkTM that infuses Xerox innovation, parking expertise, and demand-based pricing into a unique parking management program. Demand-based pricing adjusts parking rates based on driver demand for spaces and availability. By increasing rates on high demand spots, there is the potential for more parking spaces to become available on each block, reducing traffic congestion and pollution generated by drivers hunting for curbside parking. It may also encourage drivers to consider carpooling, bicycling, and public transportation as alternatives. It includes:
- Real Time Parking Guidance Systems – Information will be displayed on street-side signs and up-to-the-minute smartphone apps directing drivers to available spaces. Sensors placed in parking spaces track occupancy.
- New Parking Meter Technology – New meters and upgraded multi-space pay stations will be installed for approximately 6,000 on-street parking spaces. The new meters will accept a variety of payment methods, including credit cards, coins and payments made by phone that are charged to a driver’s account.
- Parking Management System – Xerox will deliver its Xerox MERGE™ Parking Management System to process all parking-related transactions and provide real-time parking data analytics to LADOT and drivers.
During implementation of LA ExpressPark, Xerox oversaw the installation of sensors, updated parking meter technology, and operated a central management system that processed the information and data gathered by handheld monitoring devices, meters and vehicle sensors.
Xerox has successfully managed, and operated parking systems for more than 30 cities in the United States and 88 jurisdictions in the United Kingdom during the past 30 years. Xerox is the largest provider of transportation services to governments worldwide, with projects in 30 countries. The company's Transportation Solutions Group enables its clients to address revenue collection, traffic safety, and congestion challenges by deploying end-to-end technology solutions that advance the movement of millions of people every day.
Since the invention of Xerography more than 75 years ago, the people of Xerox (NYSE: XRX) have helped businesses simplify the way work gets done. Today, we are the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., we have more than 140,000 Xerox employees and do business in more than 180 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com and www.xerox.com/Transportation.