According to ABA President & CEO Peter Pantuso, the U.S. motorcoach industry is also a critical strategic asset that the country can not afford to see fail, with the industry providing just under 600 million passenger trips per year, or slightly less than U.S. commercial airlines.
If the industry is not supported by $5 billion in loans and $10 billion in direct grants, Pantuso says, up to 35 percent of operators could go out of business, noting the industry was not included in the CARES Act recently passed by Congress to help businesses stay afloat.
“In many parts of the U.S., motorcoaches are the only means of intercity transportation,” said Pantuso told The Epoch Times in an email. He said that bus companies serve workers and communities in every part of the country, including commutes in urban environments and across business campuses, as well as transporting miners, oilfield workers, and other specialized employees.
CCP Virus Hammers Coach Industry
At a House of Congress Transportation and Infrastructure Committee hearing titled, “On the Front Lines: The Impacts of COVID-19 on Transportation Workers” on June 9, Rep. John Katko (R-N.Y.) raised the issue of assisting the motorcoach industry.“Despite playing a critical role in our nations transportation system and facing massive service disruptions and layoffs, Congress has yet to provide substantive assistance to motorcoach carriers in response to COVID-19,” Katko said. of the important role these carriers play in facilitating U.S. passenger travel, including in conjunction with air and rail services.
New York-based data analysts John Dunham & Associates (JDA) says the motorcoach industry in the United States provides almost 89,000 well-paid jobs and generates over $15 billion in revenue.
JDA’s calculations show that due to the current economic crisis, $10.9 billion in sales will be lost and 62,800 employees will be out of work.
Pantuso said that before the CCP virus pandemic hit the United States, the motorcoach industry was generating $237 billion in transportation, travel, and tourism revenue, and moving nearly 600 million passengers annually—or almost as many trips as domestic airlines make per year. When the pandemic struck, however, this industry came to a standstill.
“Three thousand mainly small, family operator businesses had to park nearly 36,000 motorcoaches around the country,” said Pantuso. While some are moving today, he says it will not be enough to bring back the tens of thousands of workers that have lost their jobs.
“If this industry does not receive government assistance immediately, I can’t say how much of it will be left when Americans need access to economical and reliable transportation for work or for leisure, or are in need of emergency evacuation services as a result of natural disasters,” said Pantuso. “As the economy tries to right itself, it is buses who will bring people to destinations, hotels, events, and other locations that are also seeking to recover.”