
The proposed budget reconciliation title from the House Transportation & Infrastructure Committee would provide the transit industry with $30 billion in emergency funding.
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The data collected by FMCSA shows a surge in losses of authority for motorcoach operators in 2020, which means these companies are no longer providing transportation, in some cases forever.
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In prepared remarks, Pantuso will outline the devastation COVID-19 has brought on the motorcoach industry, which has also affected many other industries including the live entertainment industry.
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The ABA’s Peter Pantuso and UMA’s Larry Killingsworth discuss the state of motorcoach operations today, the fight for emergency funding, and what the future may hold in a post-pandemic world.
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Bill includes $8 billion for the private motorcoach industry.
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The only sector that saw moderate growth was the 40 to 45 foot vehicle group, which grew from 14 to 16 in Q320.
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Busworld is the largest international bus show in the world with events in six countries.
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The association is asking Congress to help the transportation sectors that received no direct assistance through the CARES Act before it provides a second round of direct assistance to other transportation sectors, such as the airlines.
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Also, pre-owned coach sales were down 150 vehicles and new new coach sales were down 294 units, combining for a total 444 less units sold in the second quarter compared to the first quarter of 2020.
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The Coronavirus Economic Relief for Transportation Services Act will provide $10 billion in emergency economic relief funding, in the form of grants — no less than 50% of total funding — and other economic assistance.
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