THE INTERCITY BUS INDUSTRY--A PRELIMINARY STUDY
This is a comprehensive but preliminary review of the history, development and present structure and health of the intercity bus industry. The characteristics of the bus passenger market, market structure and the financial performance of the industry are examined. Cross-subisdy within the bus industry, and the impact of direct subsidy are dissused, and demand projections and analyses are reviewed. Even though buses serve the most extensive network of communities of any common carrier and provide much lower cost service with greater fuel efficicney than the automobile and other carriers, the market has declined in recent years. The industry is dominated by the Greyhound and Trailways systems. Comprehensive financial analysis suggests that current rates of return appear to be low, and incentives to provide regular route service seem limited. Bus technology shows a promise for increasing the efficiency of the vehicle. Studies show that passenger demand is sensitive to service and that fare reductions may not be an especially effective tool to increase ridership. A bright spot appears to be the development of charter services and the expansion of package express services. The fuel efficiency of the equipment and flexibility of service suggest that the bus has a potential beyond the traditional view.
Interstate Commerce Commission,
- Publication Date: 1978-5
- Features: Appendices; Figures; References; Tables;
- Pagination: 160 p.
- TRT Terms: Bus transportation; Buses; Charter operations; Economic efficiency; Express buses; Fares; Finance; Fuel consumption; Intercity bus lines; Markets; Rate of return; Ridership; Subsidies; Transportation; Travel demand; Vehicles
- Uncontrolled Terms: Efficiency
- Subject Areas: Finance; Transportation (General); Vehicles and Equipment;
- Accession Number: 00193601
- Record Type: Publication
- Files: TRIS
- Created Date: Jun 30 1981 12:00AM