15 September 2020
More than eight in 10 businesses (86 percent) have seen a reduction in their transit industry business as a result of the impacts of the COVID-19 pandemic, and more than one-third of these businesses have already furloughed employees 2. [...] One-third of transit industry businesses (31 percent) are concerned that they may go out of business due to the COVID-19 pandemic Public transportation industry businesses are directly impacted by the enormous financial pressures facing public transit agency budgets. [...] Have you seen a reduction in your transit business due to the pandemic? No 14% Yes 86% S E P T E M B E R 2 0 2 0 One-third of businesses have already furloughed employees due to the pandemic, and 60 percent have cut back hiring. [...] The public transit agency funding crisis caused by the pandemic is putting industry employees at risk and threatening the very survival of these businesses. [...] C O V I D - 1 9 P A N D E M I C T H R E A T E N S T R A N S I T B U S I N E S S E S S E P T E M B E R 2 0 2 0 The American Public Transportation Association (APTA) The American Public Transportation Association is a nonprofit international association of 1,500 public and private sector organizations that represents a $74 billion industry that directly employs 435,000 people and supports millions o.