Motorcoach industry looks to Congress to keep buses on the road as pandemic wipes out travel demand

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Normally, the motorcoach industry pulls in more than $15 billion annually; this year it's on track to bring in $4 billion, according to American Bus Association CEO Pete Pantuso.

, D-R.I., have introduced a $10 billion aid package for the bus industry that would include help for school bus companies and passenger boats. A version has also been introduced in the House.

"It's just a disaster," Pantuso said. "Not only do these companies, and these families who have been running them for multi-generations, lose out, but the American public loses out because they lose a major part of the transportation network." New York Trailways used to offer at least 26 buses from Kingston to New York every day. Now it offers five.

The intercity bus company normally operates 130 motorcoaches throughout New York state and into Canada. "Today we're running less than 25% of our service with far less revenue," Berardi said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This isn’t socialism?

We need to let the economic adjust to the new normal instead of keeping all these zombie businesses afloat that are no longer needed.

I want tic tok

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manyone NemBot coronavirus transportation concept - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wtf Is it 'peaceful protestor' proof?
Source: BusinessInsider - 🏆 729. / 51 Read more »