Impacts of the Financial Crisis on the Transit Industry: Challenges and Opportunities

This report examines the impact of the financial and economic crisis on the public transit industry in the United States. Fifteen transit agencies, serving over 50% of all transit riders, were interviewed. The transit agencies fared better or worse depending, to a large extent, on whether or not they used the cheap credit markets of the pre-crisis years which disappeared as the crisis unfolded, and caused a disappearance of many insurers. If they followed conservative investment policies, they tended to fare better. It is concluded that continued federal involvement is crucial to the transit industry, to help overcome current financial challenges.

Language

  • English

Media Info

  • Media Type: Web
  • Features: Appendices; Figures; Tables;
  • Pagination: 31p

Subject/Index Terms

Filing Info

  • Accession Number: 01142920
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 26 2009 11:00AM