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

Specialty Vehicles partners with trolley manufacturer

Will be the exclusive domestic and international distributor of Brown Industries-manufactured American Heritage trolleys.

Europe's FlixBus considers U.S. expansion

The European long-distance bus service currently operates 1,500 green buses in 26 countries and carried about 40 million passengers in 2017.

Proterra supplies Louisiana's first battery-electric bus fleet

Five Proterra Catalyst E2 vehicles were purchased through the FTA's Low or No-Emission Vehicle Deployment Grant.

Valley Metro, Phoenix award 396-CNG-bus order to New Flyer

The contract, which was supported by FTA funding and includes options for 197 buses over five years.

L.A. Metro expands all-door boarding for key Metro Rapid lines

Riders will be able to board at any door of a bus – front, middle or rear – and will pay their fare by using the TAP fare validator installed at each door.

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 number 1 resource for vocational 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