Establishments primarily engaged in furnishing local and suburban mass passenger transportation over regular routes and on regular schedules, with operations confined principally to a municipality, contiguous municipalities, or a municipality and its suburban areas. Also included in this industry are establishments primarily engaged in furnishing passenger transportation by automobile, bus, or rail to, from, or between airports or rail terminals, over regular routes, and those providing bus and rail commuter services.
The Local and Suburban Transit industry (NAICS 4111) is currently experiencing notable qualitative trends driven by technological advancements, evolving consumer preferences, and increased focus on sustainability. One significant trend is the adoption of electric and hybrid buses to reduce carbon emissions and address environmental concerns. This transition is supported by government incentives and regulations aiming to promote cleaner transportation options.
Another trend is the integration of smart technology, including real-time tracking systems, digital payment methods, and improved passenger information systems. These technologies enhance the user experience by providing convenience, safety, and reliability. Additionally, there is a growing emphasis on accessibility and inclusivity, with transit agencies investing in infrastructure and vehicles that accommodate individuals with disabilities and promote equitable access to transportation services.
Looking ahead, the near future is expected to see continued advancements in autonomous vehicle technology within the local and suburban transit sector. While widespread implementation may take time, pilot programs and testing phases are underway, indicating a gradual shift towards autonomous public transportation. Furthermore, as urbanization intensifies, demand for efficient and interconnected transit networks is likely to increase, prompting innovations in multi-modal transportation solutions that seamlessly integrate various transit options.
Airport limousine scheduled service
Airport transportation service, local: road or rail
Bus line operation, local
Cable cars, except aerial, amusement and scenic
City and suburban bus line operation
Commuter bus operation
Commuter rail passenger operation
Elevated railway operation
Local railway passenger operation
Monorails, regular route: except amusement and scenic
Passenger transportation, regular route, road or rail: between airports
Streetcar operation
Suburban and urban railway operation
Subway operation
Trolley operation, except amusement and scenic
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.