US Transit Ridership Up 6% but Still Below Pre-covid (Billboard Insider)
Billboard Insider’ take: We suspect the covid-inspired work from home trend is behind this. Even though most companies want employees back in the office, many employees are home 1-2 days a week. No wonder OUTFRONT has taken more than $500 million in impairment charges against the value of it’s transit business.If a transit user home offices 1 day a week, transit ridership will be down 20%. […]
Thu, Oct 17 at 4:25 PM