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 Locations Chapter
The geographical distribution of the Public Transportation industry reflects population distribution to a large degree. Major US cities and densely populated metropolitan areas are the main determinant of industry demand. Older more established cities also tend to have greater public transit systems, as these areas have a cultural tradition of public transit use. Additionally, tourist destinations and college oriented cities also have more public transit systems because these people are less likely to have access to personal vehicles.
The Mid-Atlantic and West regions account for 22.8% and 24.2% of industry revenue, respectively. These two regions contain the most densely populated US metropolitan areas, including New York City, Los Angeles, Jersey City and Newark... purchase to read more