Since the author is including LA's rail system in his stats, I'll just say that this is not correct here. Metro Rail lines are frequently faster than surface traffic along close parallel routes and often faster than with-flow freeway traffic, which is not particularly surprising considering that at most crossings they're either given bridges, tunnels, or signal-protected right-of-way.
You could argue that we could do the same thing with buses, but to the extent that a bus line requires special infrastructure to support the more efficient travel, any cost-efficiency advantage is likely to narrow or disappear.