The proposed budget reconciliation title from the House Transportation & Infrastructure Committee would provide the transit industry with $30 billion in emergency funding.
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.
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.
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.
Bill includes $8 billion for the private motorcoach industry.
The only sector that saw moderate growth was the 40 to 45 foot vehicle group, which grew from 14 to 16 in Q320.
Busworld is the largest international bus show in the world with events in six countries.
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.
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.
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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