BUSRide: ABA and UMA Call on Congress to Act Immediately on Industry Relief
ABA and UMA Call on Congress to Act Immediately on Industry Relief
BUSRide
March 19, 2020
The U.S motorcoach industry is requesting Congress put the motorcoaches back on the road by making available $10 billion in grants and $5 billion in zero percent interest rates to the motorcoach 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 multigeneration, 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 the North America’s motorcoach industry estimates 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 recovery is delayed.
