Transit and ground passenger transportation
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Transit and ground passenger transportation industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Transit and Ground Passenger Transportation subsector include a variety of passenger transportation activities, such as urban transit systems; chartered bus, school bus, and interurban bus transportation; and taxis. These activities are distinguished based primarily on such production process factors as vehicle types, routes, and schedules.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 1.5 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 1.8 percent.
- Prices increased 10 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had increased 0.1 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 1.9 percent.
- Costs increased 16 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 47.8% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Labor sector. Costs associated with this sector increased 5.7%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 47.8% | +5.7% |
| Finance and Insurance | 18.5% | -2.8% |
| Manufacturing | 9.5% | -3.2% |
| Administrative and Support and Waste Management and Remediation Services | 7.5% | +0.1% |
| Real Estate and Rental and Leasing | 5.4% | +2% |
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- As of July 2019, demand for this industry had increased 0.9 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 3.2 percent.
- Costs increased 19.1 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 47.4% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Professional, Scientific, and Technical Services sector, where demand increased 4.5%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 47.4% | +4% |
| Public Administration | 17.4% | +2.1% |
| Professional, Scientific, and Technical Services | 7% | +4.5% |
| Health Care and Social Assistance | 4.7% | +3.1% |
| Finance and Insurance | 4.6% | +2.8% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is WPU302.
- Costs measured from January 2020
- Demand measured from July 2019
