This book offers a clear, non-technical, jargon-free explanation of how the bus industry works. The chapters examine:
- The costs of operation - what the components are and what drives them, particularly understanding the crucial importance of speed and predictability
- The revenue earned - how much is needed to enable operators to meet their three key objectives
- to cover their costs
- to meet their financial obligations
- to invest in the future
- The need for profit - why operators need to make a surplus and what they do with it
- The principal drivers of demand for bus services
- The bus product - its various attributes and why they are important
- The competitive environment in which the industry operates
- The customer interface - researching, listening and communicating with bus users
- Trends in fares and ticketing
- Public spending on buses
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