Industry Analysis & Industry Trends
The continuing trend among school districts to outsource their school bus services, given a lack of state and local funding for public schools, has propelled revenue growth. School districts that traditionally provided their own bussing have increasingly turned to industry operators to provide cost-effective transportation programs for schools. However, the industry has encountered challenges with regard to school boards eliminating bus routes, in addition to rising fuel costs, which caused revenue to contract. Nevertheless, in the five years to 2018 revenue will accelerate, given that demand for privatized industry school bus services is expected to strengthen, as school districts face escalating budget cuts caused by reduced state and local funding... purchase to read more
Industry Report - Industry Products Chapter
School buses transport an estimated 25 million students each year, according to the most recent data provided by the American School Bus Council. The industry includes private companies that provide busing services for elementary, middle and high school students. These companies are typically hired by school districts. With recent budget cutbacks for education services more school districts have been opting for these outsourced services. About 30.0% of school districts use these contracted services for student transportation.
Public school busing for students
The industry garners the majority of its revenue from providing transportation for children who attend public school for grades K-12... purchase to read more