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 Locations Chapter
The geographical distribution of the Public Transportation industry is largely reflected by the size and distribution of the US population. 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 23.5% and 23.9% of industry revenue, respectively. These two regions contain the most densely populated US metropolitan areas, including New York City, Los Angeles and New Jersey City... purchase to read more