80,000 furloughed as the bus industry grinds to a halt - News Summed Up

80,000 furloughed as the bus industry grinds to a halt


(CNN) Clarence Cox took over a 35-year-old motorcoach business from his father and uncle and had hopes of one day giving it to his daughters. Unlike the airlines or Amtrak, the motorcoach industry hasn't received any funding from the $2.2 trillion CARES Act passed by Congress in the spring. In 2020, bus companies only brought in $4 billion. The motorcoach industry, along with the school bus industry and passenger water vessel companies are now collectively asking Congress to approve $10 billion in loans and grants. The bus industry also serves many people in this country who cannot afford to hop on a plane.


Source: The Nation October 25, 2020 16:05 UTC



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