You’ll see some commonalities if you invest in transportation stocks. To assess how these companies will fare, keep the following in mind.
Transportation companies use a lot of energy to get things where they need to go. They’re therefore sensitive to crude oil prices and fuel costs. Whether they use jet fuel for planes, diesel for trucks and trains, or a combination of electricity and natural gas to run updated equipment, the best transportation companies seek to be as fuel-efficient as they can be.
It’s expensive for transportation companies to buy the equipment they need. Financing purchases through long-term debt can be smart, but the best companies keep their debt levels from getting unsustainably high.
When the economy is strong, transportation companies tend to do well, because plenty of people and businesses want to ship things. But shipping demand can fall dramatically during tough economic times. Investors have to get used to the ups and downs of the transportation industry in response to changing conditions in the global economy.
It’s common for several companies to fight for the same group of customers. For instance, even just in the U.S., you’ll find carriers like American Airlines Group (NASDAQ:AAL), Southwest Airlines (NYSE:LUV), and JetBlue (NASDAQ:JBLU) fighting against Delta and their other peers. With airlines, comparing how full each company’s planes are and whether they’re making profits can tell you a lot about which players are strong and which are weak. Similar looks at key metrics like capacity and profitability in other parts of the transportation sector can be equally valuable in assessing whether one stock is better than another.
As parts of Europe and the United States begin to lift coronavirus lockdown restrictions and allow people to go shopping, visit relatives and return to work, public officials are facing a new conundrum: How can people travel safely in crowded cities?
Italy is poised to serve as a major test case. On Sunday, Prime Minister Giuseppe Conte announced that many restrictions on daily life will be eased starting next Monday, but he warned that people would still need to avoid large gatherings, maintain social distancing and wear masks in certain circumstances.
“If we do not respect the precautions, the curve will go up, the deaths will increase and we will have irreversible damage to our economy,” Conte said in a televised address to the nation. “If you love Italy, keep your distance.”
Some 2.7 million Italians are expected to return to work next week, with 15% of them anticipated to use public transportation, according to Italian authorities.
Thus, government officials and business leaders are scrambling to develop protocols to allow people to move about freely without triggering a surge in coronavirus infections.
Under new guidelines that are being considered, the number of people allowed on buses and trains is likely to be restricted. Markers will be placed on the ground in metro stations to enforce social distancing, and camera systems and personnel will be deployed to help count passengers and prevent overcrowding, according to HuffPost Italy.
Italy’s transport ministry has suggested that electronic ticket machines will likely become standard, with hand sanitizer dispensers installed nearby. Trains and buses will be disinfected regularly, and the way passengers board and exit vehicles and stations will be adjusted. Moreover, a key goal of any plan will be to spread out daily commuters in order to reduce congestion.
Already, new measures are being tested in Rome. During a three-hour testing period on Friday, only 30 passengers were allowed into stations every three minutes at two of the city’s metro lines, and the number of passengers on each train was capped at 150, HuffPost Italy reported. On the train platforms, blue stripes with small dots indicated how far apart passengers needed to stand. Passages connecting the two lines were closed to prevent people from crossing each other and creating crowds.
In addition, many cities are hoping to encourage people to use alternate forms of transportation. Bologna has requested support from the federal government for the purchase of e-bikes and electric scooters, for example, and Milan has unveiled an ambitious plan to remake
Welcome to the Non-Emergency
Medical Transportation Industry, an industry that’s literally
growing by the day. How do I know? Because the elderly
population is literally in the process of doubling and
the medical industry is experiencing huge change.
Further, I know
because I started my first company, a NEMT business in
1999. Since then, I have help and untold number of transportation
providers and entrepreneurs from all across the country
to grow, build, expand and diversify their NEMT businesses.
So what is Non-Emergency
Medical Transportation (NEMT)?
Also known as an
ambulette service, NEMT is the transportation of people
in wheelchairs, stretchers or those ambulatory who need
Do NOT be
confused: This is NOT an ambulance service!
This is strictly non-emergency transportation.
You do NOT need any kind of special life-saving
skills, training or equipment!
As a non-emergency medical transportation provider, you provide a critical service that helps people in need get to their medical appointments, dialysis and treatment centers, in and out of nursing, rehab, skilled care, and assisted living facilities.
Further, your service supports and sustains the daily mission of hospitals, facilities, doctor offices, and medical centers. Without you, people in need don’t get treated, residents don’t get to appointments, and facilities can?t discharge patients.
Do not confuse this high-demand service with a common senior transportation or elderly transportation service.
Trust me, I know the internet is flooded with common information regarding “how to start a senior transportation service,” but I can assure you, I am not going to waste your time or take your money attempting to teach you something that, essentially, amounts to you simply driving for Uber or Lyft.
There is no real money-making opportunity in rideshare services because you can’t scale it with such low rates of reimbursement. To the contrary, I am going to teach you how to build a real and legitimate non-emergency medical transportation company – one with increased capacity that you can grow and scale.
And here is the absolute best part. your two niche markets, the medical industry and the elderly population, are not just growing, they are exponentially booming!
population is the fastest growing niche market in
the world – and it’s only getting bigger! By the
year 2030, the US elderly population will have doubled,
reaching in excess of 70 million!
US health care industry is one of the world’s
largest and fastest growing industries! By the
year 2016, the growth of the US medical industry
will have consumed almost 20% of our GDP!
Now seriously, if
you have any kind of keen business sense then these two
statistics, the growth of the elderly population and that
Construction trades union members Martin Alvarenga (right) of Glastonbury and Steve Frantz of Essex rallied outside the Legislative Office Building for more transportation spending last spring.
With Connecticut’s economy reeling from the coronavirus, legislators insist they won’t hike gasoline taxes or impose tollsthis summer — even with new projections the transportation program is headed for collapse in just over one year.
But they also concede their ability to postpone that debate likely is measured in months, not years.
In the meantime, Connecticut may have to rely on its reputation — and its great wealth — to secure the financing it needs to continue maintaining its aging highways, bridges and rail lines.
“I think a commitment to do something about the STF [Special Transportation Fund] and a more detailed look at revenues will be at the head of the agenda” when the regular 2021 General Assembly session begins next January, said Senate President Pro Tem Martin M. Looney, D-New Haven.
“We’ve got to give the economy a little time to recover first, but I see the urgency,” said Senate Minority Leader Len Fasano, R-North Haven.
Gov. Ned Lamont outlined the urgency last week when he and the legislature’s nonpartisan fiscal analysts noted the STF — the portion of the budget that pays off borrowing for infrastructure repairs — runs out of cash in the fiscal year beginning July 2022.
And Office of Policy and Management Secretary Melissa McCaw, Lamont’s budget director, said the crisis could even come 12 months sooner, if Connecticut maintains its current effort to begin reversing decades of deferred maintenance.
That backlog, coupled with 20 years of stagnant fuel tax revenues, created a system headed for collapse. COVID-19 simply sped up the timetable.
Ryan Caron King :: CT Public Radio
Protesters lined Capitol Avenue in March of 2019 to make their opinions known about Gov. Ned Lamont’s tolling plan, which he abandoned after 14 months.
Lamont, who spent his first 14 months in office unsuccessfully urging lawmakers to adopt tolls, hinted last week he would consider boosting fuel taxes.
But lawmakers who will return to the Capitol in late June — public health standards permitting — to whittle down a deficit in the overall budget, said any kind of tax hike now is off the table.
“Honesty, I think all of these discussions are premature,” said House Majority Leader Matt Ritter, D-Hartford, who remains hopeful Congress will break its partisan gridlock and approve substantial stimulus for budgetary relief for states and municipalities. “Until I know what the feds are going to do to help states, I really don’t have an answer” to other state budget proposals.
Tolls remain taboo
Even more certain, on- and off-the-record sources say, is that tolls won’t be up for discussion this year or next.
“For now I think we’ve moved past that,” Looney said.
House Minority Leader Themis Klarides, R-Derby, who has consistently opposed tolls, agreed.
“We’re in a place now where we have to re-prioritize everything,”
The Americans with Disabilities Act (ADA) applies to both public and private ground transportation providers. The ADA rules that apply to transportation are regulated by the U.S. Department of Transportation.
Overview of Requirements
Both public and private organizations must meet ADA requirements: A public entity entering into a contract or agreement with a private entity to operate transportation services must ensure that the private entity meets all ADA requirements for the public entity. Specific requirements for private transportation providers like airport shuttles, hotel shuttles, private buses, and taxis are reviewed later in this document.
Rider information: A public transportation system must provide adequate information on services in accessible formats for persons with different types of disabilities (e.g. information in large print, braille or alternative and electronic format).
Assistance equipment and accessible features: Equipment and facilities such as lifts, ramps, securement devices (straps for securing wheelchairs on board), signage, and communication devices must be in good operating condition. If a feature is out of order, it must be repaired promptly. In the interim, an alternative accessible vehicle or option must be available.
Adequate time to board: Public transit operators must allow adequate time for people with disabilities to board and exit from vehicles.
Service animals allowed: Service animals may accompany people with disabilities in vehicles and facilities. The DOT ADA regulations define a service animal as any guide dog, signal dog or other animal individually trained to provide assistance to an individual with a disability, regardless of whether the animal has been licensed or certified by a state or local government.
Priority seating and signs: Fixed-route systems (those operating along a prescribed route) must have signs designating seating for passengers with disabilities. At least one set of forward-facing seats must be marked as priority seating (for people with disabilities).
Operator training: Each public and private transportation operator must ensure that personnel are trained to operate vehicles and equipment safely; properly assist individuals with disabilities in a respectful, courteous way; and recognize that individuals with disabilities have different abilities and needs requiring different types of assistance.
Note: A fixed route transportation system is one that operates along a prescribed route according to a fixed schedule. Public transportation systems primarily consist of fixed route systems, such as city bus systems, commuter and over-the road bus systems, subways, light rail systems, and intercity rail transportation. A demand responsive system is any other transportation system. Demand responsive transportation typically includes taxis, limousine services, van services, and shuttle bus systems.
Fixed-route service requirements include:
Stop announcements: Stops must be announced at transfer points, major intersections, destination points, and other points so that people with visual impairments understand their location. In addition, the operator must announce any stop at the request of a rider with a disability.
Destination information on vehicles: Vehicles must have destination and route information on the front and boarding side of a vehicle. There are size requirements for the numbers and letters on the route information signs. Destination and route
During these extraordinary times, the Transportation Secretariat remains committed to the health and safety of the citizens of the Commonwealth and preventing the spread of COVID-19.
Our efforts are focused on our employees and on the customers we serve, delivering critical people, supplies, and information where they are needed most.
On this website, you can find information about how the Commonwealth is addressing the threat of COVID-19 across the Transportation Secretariat.
COVID-19 Resources and Information
Click here to visit the website of the Centers for Disease Control and Prevention.
Visit the Virginia Department of Health website here for up-to-date information on COVID-19.
John Scrivani, VDOT’s Director of Office of Safety, Security and Emergency Management, has been dispatched to New York City to assist with the city’s COVID-19 response by helping to establish the Brooklyn Temporary Morgue
April 30, 2020 — Virginia expert in crisis response deployed to NYC to help set up the Brooklyn Temporary Morgue
Richmond Times-Dispatch Read Article
CBS-6 Read Article
Good News Story: DMV Provides Critical Support for the Trucking Industry
April 9, 2020 — Weigh stations temporarily converted to rest areas for commercial drivers
Good News Story: What If a VDOT Twitter Account Is the Thing That Gets Us Through This Crisis? | Washingtonian (DC)
April 6, 2020 — What If a VDOT Twitter Account Is the Thing That Gets Us Through This Crisis?
VDOT shares transportation activity pages to keep kids entertained amid school closures
March 31, 2020 — The Virginia Department of Transportation shared some transportation-related activity pages for kids to color while at home to help keep them engaged.
A Spirited Solution: GRTC Sources Sanitizer from Reservoir Distillery
March 30, 2020 — Local partnership supplies sanitizer for essential GRTC staff.
What We Do
The Secretary of Transportation is committed to creating and maintaining a multimodal network that connects Virginians to jobs, education, and health care across the Commonwealth and serves as the platform for Virginia’s economy. Working collaboratively, we can advance this network by tying transportation decisions to economic competitiveness and identifying innovative solutions to transportation challenges.
Agencies the Secretariat oversees move people and goods by rail, water, transit, and over our roadways. Our sea ports, airports, space port, bridges, tunnels, and highways serve as global gateways for the Commonwealth, opening Virginia to economic opportunity by creating access to regional, national, and world markets.
Before every other form of transportation, humans traveled on foot. Can you imagine walking from New York City to Los Angeles? Fortunately, human beings learned to use animals such as donkeys, horses and camels for transportation from 4000 BC to 3000 BC. In 3500 BC, the wheel was invented in Iraq and the first wheel was made from wood. Initially, a canoe-like structure was used for water transportation, which was built by burning logs and digging out the burned wood. In 3100BC, the sailing boat was invented by Egyptians while the Romans built roads across Europe. During the Industrial Revolution, the first modern highway was developed by John Loudon McAdam.
In the 17th and 18th century, many new modes of transportation were invented such as bicycles, trains, motor cars, trucks, airplanes, and trams. In 1906, the first car was developed with an internal combustion engine. Many types of transportation systems such as boats, trains, airplanes, and automobiles were based on the internal combustion engine.
The three leading automobile companies in the US in the 1920s were General Motors, Chrysler, and Ford. Furthermore, several styles of automobiles were produced such as the two doors, small, large, sports cars, and luxury cars. Presently, the latest car models have integrated improved standardization, computer aided systems, and platform sharing. The modern railroad system uses remote control for traffic lights and movement of traffic, capable of speeds of more than 570 km/hr.
History of Airplanes
The Wright Brothers were the first to develop a sustained and powered aircraft in 1902. Earlier, an unmanned helicopter powered by a steam engine was developed in 1877 by Enrico Forlanini. Later, bomber aircrafts such as Lancaster and B-29 were designed, and the first commercial jet airline was flown by British pilot De Havilland Comet. Today, commercial aircrafts can fly at the speed of 960 km/hr, transporting people at a lower cost in less time. Currently, unmanned remote controlled aircraft such as Global Hawk is used in military operations.
History of Trains
Trains are connected vehicles which run on rails. They are powered by steam, electricity or diesel. The steam engine is mostly fueled by coal, wood or oil. The first steam powered engine to be used in trains was introduced by James Watt, a Scottish inventor. The first rail transportation was used to move coal from mines to rivers.
The modern rail system was developed in England in 1820, progressing to steam locomotives. In 1825, Stockton and Darlington Railways opened and underground railway was first built in 1863 in London. In 1880, electric trains and the trams were developed. Today, most of the steam locomotives have been replaced by diesel. The fastest commercial High Speed Rail trains which use magnetic levitation technology can go up to 431 km/hr.
History of Automobiles
Automobiles based on internal combustion engine were first patented by Jean Lenoir of France in 1860. The first gasoline powered automobile was developed by Gottlieb Daimler and Karl Benz in 1885. Modern