US Public Transport Recovery Still Several Years Away, S&P Says
- S&P sees ridership at 75% of prepandemic activity by 2025
- Rise of remote work, safety concerns keeping commuters away
Commuters ride a subway in New York on June 30.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
US public transit systems face a long road to recovery as coronavirus variants and a partial return-to-office alter commuting patterns, according to S&P Global Ratings.
Public transit is expected to recapture about 60% of pre-pandemic activity by the end of 2022 and only about 75% by the end of 2025, a report from the ratings agency released Wednesday projects.