After lobbying Congress for 10 months of the COVID-19 pandemic and seeing more than 80,000 personnel furloughed and nearly half of the industry's 3,000 small, family-owned businesses shuttered, the industry recently received a desperately needed shot in the arm.
Financial institutions have predicted without federal government relief aid, the industry could see more than 40% of the 3,000 businesses permanently shut down.
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.
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.
Leaders from the ABA, UMA, and NSTA continue to urge Congressional leaders and the White House to include the bill in any future stimulus package.
Busworld is the largest international bus show in the world with events in six countries.
Most operators have had nearly zero revenue coming in, and no help from Congress while almost every other form of passenger transportation receiving $91 Billion in the CARES Act.
Leading industry associations call for Congress to include the legislation in a COVID-19 stimulus package as they struggle with furloughs and layoffs of about 308,000 employees due to the pandemic.
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.
The U.S. private motorcoach, school bus, and domestic passenger vessel industries have suffered unprecedented economic losses and furloughed hundreds of thousands of employees over the past four months due to the COVID-19 pandemic.