NAICS 485999 - All Other Transit and Ground Passenger Transportation
This U.S. industry comprises establishments primarily engaged in providing ground passenger transportation (except urban transit systems; interurban and rural bus transportation, taxi and/or limousine services (except shuttle services), school and employee bus transportation, charter bus services, and special needs transportation). Establishments primarily engaged in operating shuttle services and vanpools are included in this industry. Shuttle services establishments generally provide travel on regular routes and on regular schedules between hotels, airports, or other destination points.
Industry trends:
The NAICS 485999 sector, covering "All Other Transit and Ground Passenger Transportation," is experiencing significant qualitative trends driven by evolving consumer preferences, technological advancements, and regulatory changes. One prominent trend is the increased adoption of green technologies, such as electric and hybrid vehicles. Companies are investing in eco-friendly options to reduce carbon emissions and comply with stringent environmental regulations. Another trend is the rising integration of digital platforms for booking and ride-sharing services. These platforms offer enhanced convenience and operational efficiency through data analytics and real-time tracking.
There is also a growing emphasis on customer experience, with companies focusing on safety, cleanliness, and service personalization, particularly in the wake of the COVID-19 pandemic. Enhanced safety protocols and cleaner vehicles are becoming standard expectations. Additionally, the industry is seeing a rise in partnerships and collaborations. Traditional transit services are increasingly teaming up with tech companies to offer multi-modal transportation solutions, integrating traditional and innovative transit options.
Looking ahead, the sector is likely to witness continued growth in the adoption of autonomous and connected vehicle technology. The deployment of self-driving shuttles and buses in controlled environments is expected to accelerate. Additionally, a shift towards subscription-based and on-demand transit services is forecasted to cater to urban populations seeking flexible transportation solutions. Overall, the sector is poised for transformative growth driven by technology, sustainability, and enhanced customer-centric services.
This industry is comprised of:
Airport limousine services (i.e., shuttle)
Airport shuttle services
Car pool operation
Shuttle services (except employee bus)
Vanpool operation
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.