Industry Analysis & Industry Trends
In the past five years, demand for public transportation has been driven by rising fuel costs and more Americans moving away from rural areas into urban centers, forcing many people to switch from commuting with their cars to cheaper public transportation. Additionally, higher government funding has allowed for the expansion of energy-efficient transportation services. Over the next five years, industry growth will be driven by a couple factors, including continued increases in government funding for transportation and a rise in domestic trips taken by US residents. These trends will ultimately lead to a rise in ridership, helping to increase fare-generated revenue for industry operators... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Public transportation is surging in popularity in response to high fuel prices and growing concerns about climate change. Metropolitan areas from New York City to Los Angeles have aggressive expansion plans to improve accessibility, convenience and ridership. Federal, state and local governments have increased public transit funding in an attempt to boost services, fueling revenue growth.
The Public Transportation industry's recent resurgence is expected to support growth over the long-term, but the industry remains in a mature phase of its life cycle. Industry products are generally stable and clearly segmented... purchase to read more