Growth Trends in the Bus and Rail Industry

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More Commuters

As urban populations begin to grow, so does the number of bus and rail commuters. Transportation providers are considering various ways of increasing passenger capacity, such as double-decker buses and/or condensing less occupied routes. Additionally, advances in technology on rail systems may be necessary, which can increase the frequency of trains per hour on a line, increasing traffic volume.

Going Green

Not only does public transportation reduce fuel costs and traffic congestion, it’s beneficial for the environment.  According to American Public Transportation Association mass transportation in the United States reduces the nation’s carbon emissions by 37 million metric tons annually. Decreasing these emissions means reducing the threat of pollution, climate change and global warming.

Increase in Employment Fuels Economic Improvement

As transportation methods become more efficient, employment opportunities are expected to increase within these industries. In 2015, the nation’s major freight railroads planned to spend an estimated $29 billion to build, maintain and grow the rail network. An expanded rail system means more jobs. In addition, freight railroads estimate they will hire 15,000 people this year. For the bus industry, according to the Bureau of Labor Statistics, it is estimated that 274,140 have been employed this year.

Increased employment rate in the Bus and Rail Industries benefits the overall economy. This increase in mobility to and from regions also creates economic prospects, permits trade, and simplifies access to markets and services. Thus, these industries generate commercial activity by directly connecting employers to their work and retailers to their customers.

Helping You Grow

At Austin Hardware, we value our partnership with the bus and rail industry and seek to provide the hardware our customers need to grow. Dedication to quality is one reason why Austin is the leading source for industrial hardware, including the rail and bus industries. Austin offers an extensive in-stock hardware selection to help you deliver on time and on budget. To learn more about our products, check out our inventory and order online.

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