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Friday, 3 January 2014

School bus fares rise, may not be enough to save many smaller companies

11:39:00

Small operators are finding the going tough amid rising operational costs


Cash-strapped bus operators have raised school bus fares by between $5 and $20 a month for the new school year as they look to survive amid rising costs.


Cash-strapped bus operatorshave raised school bus fares by between $5 and $20 a month for the new school year as they look to survive amidrising costs.
But Singapore School Transport Association (SSTA) chairman Wong Ann Lin, 65, told The Straits Times that the new fare hikes - which are similar to those last January - may not be enough to save many smaller companies that have long been charging unsustainably low fares.
He warned that they will struggle to stay afloat if they do not diversify their businesses, such as by transporting workers.
"They should be asking for $120 to $150 per child," said the industry veteran of four decades, adding that he knows of one company charging just $60 a month.

straitstimes.com

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