SOURCE: Bobit Business Media

September 27, 2010 15:25 ET

Launch Announcement: New York City Transit Tops METRO Magazine's Annual Survey

LOS ANGELES, CA--(Marketwire - September 27, 2010) - With 4,493 vehicles, New York City Transit still holds the top spot in METRO Magazine's annual Top 100 Transit Bus Fleets survey. Fleet size is down overall, as dwindling sales tax revenues have caused many agencies to cut fleet and services, increase fares, downsize staff, and freeze hiring and salary increases.

Rounding out this year's Top 10 as reported in the September/October issue of the magazine are: Metro (Los Angeles County Metropolitan Transportation Authority) (2,723), Chicago's Pace Suburban Bus (2,392), New Jersey Transit (2,373), the Toronto Transit Commission (1,998), Chicago Transit Authority (1,781), Montreal Urban Transit (1,680), Washington (D.C.) Metropolitan Area Transit Authority (1,501), Southeastern Pennsylvania Transportation Authority (1,486) and Seattle's King County Metro (1,479).

Overall, this year's Top 100 Transit Bus Fleets reported 63,807 total vehicles -- a slight decrease from 2009's reported numbers. The entire list can be viewed at www.metro-magazine.com.

Aside from bus fleet size, this year's survey respondents also reported that their agencies are suffering from dwindling sales tax revenues, with 78 percent saying they are experiencing budget issues, which have caused many agencies around the nation to cut services, increase fares, downsize employees, and/or freeze hiring or rate increases. Sixty-eight percent of respondents said they are having problems balancing rising demand for service with those budgeting issues.

About METRO Magazine: METRO Magazine is one of the oldest and largest magazines entirely devoted to public transportation in the world and has conducted the Top Bus Fleet survey for more than 25 years. The magazine is a product of business-to-business publishing company Bobit Business Media. For more information, please visit www.metro-magazine.com.

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