Downbeat assessment of UK’s regional bus market concludes that weak bus usage trends have existed for many years, and are unlikely to end soon
Regional bus revenue growth at the UK’s largest operators will remain weak for the foreseeable future, a gloomy research paper from JP Morgan has concluded.
The paper says the slowdown in UK bus revenue trends is not due to weak economic growth. Instead it is the result of a long term shift in travel behaviour.
It also concludes that the malaise has been wrongly attributed to slower economic growth in the North of the UK. “We think this is a red herring, and note that Northern economic growth has been at least as strong as that in the South.”
Further coverage appears inside the latest issue of Passenger Transport.
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