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2018 Market Analysis & Industry Outlook: Charter Bus

Overview: the U.S. Charter Bus Industry

As consumers modify their spending habits, charter buses are an attractive travel option and remain profitable. One focus on cost saving technology to reduce fuel consumption and emissions both reduces operating costs and provides green marketing opportunities.

Rising fuel costs is a double edged sword for the charter bus industry. While fuel drives up a major portion of operating costs, it also draws in customers who are unable to afford gas for travel themselves but still plan on road travel. Charter travel is less expensive than air or rail travel and carries more passengers than the others combined. Charter buses have been more successful than other modes of transportation at increasing fuel economy, reducing environmental impact, and raising profit margins.

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Charter Bus: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Charter Bus industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Local, Fixed-Route Passenger Transportation By Road And Transit Rail

Local, Fixed-Route, Passenger Transportation On Common Carrier Road And Transit Rail Systems

Long-Distance Passenger Transportation By Road, Except Fixed-Route

Long-Distance Passenger Transportation By Chartered Bus

Local Passenger Transportation By Road, Except Fixed-Route

Local Passenger Transportation By Chartered Road Vehicles, Except Limousines

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Charter Bus company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Charter Bus industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Charter Bus measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 3%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 10%
Installation, Maintenance, and Repair Occupations 7%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 6%
Bus and Truck Mechanics and Diesel Engine Specialists 6%
Bus and Truck Mechanics and Diesel Engine Specialists 6%
Transportation and Material Moving Occupations 76%
Motor Vehicle Operators 69%
Bus Drivers 67%
Bus Drivers, Transit and Intercity 59%
Bus Drivers, School or Special Client 8%
Source: Bureau of Labor Statistics

Charter Bus Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Busco Inc Dba Arrow Stage Lines trademarks "ARROW STAGE LINES" - Passenger transport - 10/04/2016
  • Metro Travel Services trademarks "METROTRAC" - Mobile application software to track the location and arrival time of charter or transportation shuttle to find the distance and estimated arrival time of any vehicle associated with the charter or transportation shuttle booking - 08/09/2016
  • Star Shuttle trademarks "ABBEY WALKER EXECUTIVE CARS & LIMOUSINES" - Limousine, executive cars and chauffeured vehicle transportation services - 04/26/2016

  • Top Innovators

    CompanyInnovation Score
    Star Shuttle
    Brilliant Transportation

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Cattaraugus bus crash still under investigation - Randolph Central Schools contracted the bus from Corvus Bus & Charter, Inc. to pick up one pre-school student on Bone Run Road. There were three people on the bus Tuesday morning: The driver, 55 year-old Louis Gagliardo, the bus monitor, 57 year-old Tracy ... (01/09/2018)
    • Parents, protesters picket Einstein Charter Schools over lack of busing - She was part of a group of about 20 parents, children and community members protesting Einstein Charter Schools’ decision to rely on public transit, not yellow school buses, to get kids to and from school. The Orleans Parish School Board has sued ... (01/09/2018)
    • Bus fire delays traffic on Route 222 during morning rush - A charter bus fire shut down both southbound lanes of Route 222 in Muhlenberg Township for more than an hour on Monday morning. A trailing motorist noticed smoke coming from under the Bieber Transportation Group bus at about 7 a.m. and called the terminal ... (01/08/2018)
    • Move that Bus! The Herd is Headed to Frisco! - FARGO, ND — Dozens of Bison fans are ready for the big game and on their way right now to Frisco on three charter buses. They left Fargo tonight and are excited for the weekend ahead. These buses are packed, loaded up and fans are ready to go! (01/06/2018)
    • Northern Indiana Bus Company Adds Fort Wayne Business - Mishawaka-based Royal Excursion has acquired a charter bus company in Fort Wayne. The St. Joseph County transportation provider says all 64 Excursion Trailways employees will be brought on and founders Thomas Bazow and Pat O'Brian will take on executive ... (01/05/2018)
    • 'Trip to the Ship' charter bus from Tifton to Atlanta - If you're looking to go to Atlanta for the National Championship, but don't want to drive yourself--there's another option on the table. Darrien Teals is offering a trip to the ship from Tift County Monday morning. Seats are 45 dollars to ride a charter ... (01/05/2018)
    • 13 transported to hospital after charter bus collision in east Stockton - A collision involving a charter bus and truck left people injured in east Stockton. The California Highway Patrol received a call at 5:51 p.m. about a bus accident on Jack Tone Road and East Eight Mile Road. When the Linden Peters Fire Department arrived ... (01/03/2018)
    • Two-plus hours on a school bus: How a Chester charter taps Philly kids to grow - Martha Woodall has been an Inquirer reporter since 1982. She covers K-12 education with a focus on Philadelphia district, charter, and nonpublic schools, and investigative stories. Imagine waking your 5-year-old kindergarten student before 5 a.m., walking ... (01/02/2018)
    • Bus in fatal I-90 crash in SD was full of Iowa State students returning from ski trip - The charter bus involved in a rear-end collision that killed an Iowa man on Interstate 90 near Rapid City on Dec. 21 was full of Iowa State University students returning from a ski trip. The bus belonging to Cavallo Bus Lines based in Gillespie ... (12/29/2017)

    Government Contracts

    In 2016, the federal government spent a total of $8,372,196 on Charter Bus. It has awarded 511 contracts to 144 companies, with an average value of $58,140 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Charter Bus to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Local Passenger Transportation By Road, Except Fixed-Route
    Competing IndustrySales Relative to Charter BusOpportunity/Threat
    Limousine Service
    Taxi Cab Service
    Bus & Automobile Transit Systems Competing industry

    Sales from other industries of Local Passenger Transportation By Road, Except Fixed-Route are less than those from Charter Bus. This may mean that other channels are a competitive risk of increasing their Local Passenger Transportation By Road, Except Fixed-Route sales, taking market share from this industry.
    Local Passenger Transportation By Road, Except Fixed-Route Product Sales Report

    Local, Fixed-Route Passenger Trans By Road And Transit Rail
    Competing IndustrySales Relative to Charter BusOpportunity/Threat
    Bus & Automobile Transit Systems
    Commuter Rail Systems
    Mixed Mode Transit Systems
    Limousine Service Competing industry

    Sales from other industries of Local, Fixed-Route Passenger Trans By Road And Transit Rail are less than those from Charter Bus. This may mean that other channels are a competitive risk of increasing their Local, Fixed-Route Passenger Trans By Road And Transit Rail sales, taking market share from this industry.
    Local, Fixed-Route Passenger Trans By Road And Transit Rail Product Sales Report