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, growth is forecast to improve as more public transit expansion programs are put in place... purchase to read more
Industry Report - Industry Analysis Chapter
The Public Transportation industry has benefited from high fuel costs and federal funding for transportation over the past five years. Industry demand is heavily dependent on daily commuter activity; therefore, industry growth is expanding as more people return to work. At the same time, economic activity affects government funding because taxes are often levied on salaries, real estate and sales transactions. As the economy recovers, the amount of government funding generated from taxes levied has increased. As a result, industry revenue has grown as operators reap the benefits of improvements in the job market and tax revenue.
Under these conditions, the industry is expected to increase at an average annual rate of 0.6% to $39.4 billion in the five years to 2013... purchase to read more