Bus

Study: Private sector hurt by lack of fed funding, economy

Posted on August 24, 2011

Seventy-four percent of private sector businesses serving the public transit industry incurred flat or declining business over the past year due to uncertainty in federal investment, a down economy and a lack of investment on the state and local level, according to a study released by the American Public Transportation Association (APTA). Of those reporting a decrease in business, the average decrease was 25 percent. 

The study, "Impacts of the Recession on Public Transportation Businesses," reached out to APTA private sector business members serving the public transportation industry and revealed that 56 percent say they lost business from their public transportation clients and 52 percent of businesses say they expect to layoff employees or cut back hiring as a result. Seventeen percent say they may have to shift operations and business development to other countries.

"This is further evidence that tells us now is the time to invest in our public transit infrastructure to create jobs and boost our economy," said William Millar, APTA President. "Cutting money to public transit systems simply means the loss of jobs and most of which are in the private sector."

Currently, there is a proposal in the U.S. House of Representatives to further cut federal investment in public transportation by more than 35 percent. According to the U.S. Senate Banking Committee, these proposed cuts could lead to the loss of 141,000 jobs.

Seventy-four percent list uncertainty due to delay in federal authorization as having a negative impact on business revenue and two-thirds (67 percent) of respondents name the current weakness of the U.S. economy as having a negative effect on their business revenue.

 

View comments or post a comment on this story. (0 Comments)

More News

Boston could benefit from more BRT, report says

The report argues that the city should be pushing for the “gold standard” of BRT. That would include a control station that monitors buses and ensures they come at well-spaced intervals and enclosed stops that shelter customers.

Calif.'s OCTA to launch new bus design

The existing design, more than 20 years old, will be phased out to make way for the new look that prominently features a light blue and orange wave across the bus and the words “OC Bus.”

5 retired Honolulu buses to be turned into homeless shelters

According to the plan, each bus will serve a specific purpose, with some including restrooms and showers and others being equipped with beds.

Madison Metro discontinuing audible turn signals

Residents raised issues with the noise and questioned whether there is any proof of their effectiveness in increasing safety. Some also said they’re avoiding riding the bus because of the noise.

Coast RTA to purchase vehicles from DART

In reviewing the vehicles, the 2003 NABI buses average 329,000 miles; however, they all have received mid-life engine overhauls, which average less than 85,000 miles.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close