March 18, 2020
FOR IMMEDIATE RELEASE
Contact:Julianne Ryder, Director of Communications, United Motorcoach Association, email@example.com, (703) 457-6831
The U.S motorcoach industry is requesting Congress put motorcoaches back on the road by making available $10 billion in grants and $5 billion in zero percent interest rate loans to the industry, ensuring these monies are available immediately and easily accessible.
Second only to the U.S. airline industry, the nation’s motorcoach industry provides nearly 600 million passenger trips annually and is made up of more than 3,000 mostly small, family-owned, often multigenerational, companies. Nearly 100,000 employees in our industry are facing layoffs. These include drivers, mechanics, cleaners, and office staff.
The American Bus Association (ABA) and the United Motorcoach Association (UMA), representing North America’s motorcoach industry, estimate the industry will lose nearly $8 billion in the next five months alone.
This impact on the industry is a direct result of the Coronavirus (COVID-19) pandemic. These numbers will only increase as the crisis worsens, or as the recovery is delayed.
The most recent data prepared by John Dunham & Associates, New York, NY, shows nearly 100 percent of the charter and tour market has stopped operating. This is at a time when that segment of the industry is experiencing its busiest period. Additionally, scheduled service operations providing public transportation service to people traveling between cities and providing essential transportation to rural parts of the country, are down 60 percent and will continue to drop.
These declines are a direct result of the White House and public health officials directing Americans to reduce or eliminate nonessential travel. Further, the commuter market, which connects workers to larger urban centers, is down more than 60 percent as of March 18 and continues to drop as employees stop coming into their offices.
If conservative predictions are correct and the current situation lasts well into the summer, the motorcoach industry will lose nearly $8 billion. Further, it is very unlikely the motorcoach industry transportation network will return to pre-COVID-19 levels of operation over the next year.
The motorcoach industry needs Congress to step up and ensure the commercial motorcoach industry remains a vital part of America’s transportation network and fabric.
For additional information, visit www.buses.org or www.uma.org .