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NAICS Code 485510-02 Description (8-Digit)

The Buses-Charter & Rental industry involves the rental of buses for transportation purposes, typically for groups of people. This industry includes companies that provide chartered buses for various purposes such as corporate events, school trips, sports teams, weddings, and other special occasions. The industry also includes companies that rent buses to customers who prefer to drive themselves.

Hierarchy Navigation for NAICS Code 485510-02

Parent Code (less specific)

Tools

Tools commonly used in the Buses-Charter & Rental industry for day-to-day tasks and operations.

  • GPS navigation systems
  • Fleet management software
  • Vehicle tracking systems
  • On-board entertainment systems
  • Mobile ticketing systems
  • Fuel management systems
  • Maintenance management software
  • Reservation and booking software
  • Driver scheduling software
  • Safety inspection checklists

Industry Examples of Buses-Charter & Rental

Common products and services typical of NAICS Code 485510-02, illustrating the main business activities and contributions to the market.

  • Corporate event transportation
  • School trip transportation
  • Sports team transportation
  • Wedding transportation
  • Airport shuttle services
  • Tour bus services
  • Religious group transportation
  • Convention transportation
  • Casino transportation
  • Government transportation services

Certifications, Compliance and Licenses for NAICS Code 485510-02 - Buses-Charter & Rental

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Commercial Driver's License (CDL): A CDL is required to operate a charter bus in the US. It is issued by the state's Department of Motor Vehicles (DMV) after passing a written and driving test. The Federal Motor Carrier Safety Administration (FMCSA) sets the minimum requirements for obtaining a CDL.
  • USDOT Number: A USDOT number is required for companies operating commercial vehicles that transport passengers or cargo across state lines. It is issued by the Federal Motor Carrier Safety Administration (FMCSA) and is used to track the company's safety record.
  • Motor Carrier Operating Authority: A Motor Carrier Operating Authority (MC Number) is required for companies that transport passengers or cargo across state lines. It is issued by the Federal Motor Carrier Safety Administration (FMCSA) and is used to track the company's safety record.
  • International Fuel Tax Agreement (IFTA) License: An IFTA license is required for companies that operate commercial vehicles in multiple US states or Canadian provinces. It simplifies the reporting of fuel taxes. It is issued by the state's Department of Revenue.
  • Unified Carrier Registration (UCR): A UCR is required for companies that operate commercial vehicles in the US. It is an annual fee that is used to fund state and federal safety programs. It is issued by the state's Department of Revenue.

History

A concise historical narrative of NAICS Code 485510-02 covering global milestones and recent developments within the United States.

  • The Buses-Charter & Rental industry has a long history dating back to the early 1900s when the first motorized buses were introduced. The industry has since grown and evolved, with notable advancements such as the introduction of air conditioning, reclining seats, and onboard restrooms. In recent years, the industry has faced challenges such as increased competition from ride-sharing services and the COVID-19 pandemic. However, the industry has also adapted by implementing safety measures and offering new services such as virtual tours and mobile ticketing. In the United States, the industry has seen growth in the past decade due to an increase in tourism and corporate travel. Overall, the Buses-Charter & Rental industry has a rich history of innovation and adaptation to changing times.

Future Outlook for Buses-Charter & Rental

The anticipated future trajectory of the NAICS 485510-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Buses-Charter & Rental industry in the USA is expected to experience growth in the coming years. The industry is expected to benefit from the increasing demand for charter bus services from schools, businesses, and other organizations. Additionally, the industry is expected to benefit from the growing popularity of group travel, which is expected to increase demand for charter bus services. However, the industry is also expected to face challenges such as rising fuel costs and increased competition from other modes of transportation. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 485510-02

Recent groundbreaking advancements and milestones in the Buses-Charter & Rental industry, reflecting notable innovations that have reshaped its landscape.

  • Mobile Ticketing: Many charter bus companies in the USA have started offering mobile ticketing options to their customers, allowing them to purchase tickets and board the bus using their smartphones.
  • Eco-Friendly Buses: Some charter bus companies in the USA have started using eco-friendly buses that run on alternative fuels such as natural gas or electricity, reducing their carbon footprint.
  • Wi-Fi on Board: Many charter bus companies in the USA have started offering Wi-Fi on board their buses, allowing passengers to stay connected while on the go.
  • Luxury Buses: Some charter bus companies in the USA have started offering luxury buses with amenities such as reclining seats, personal entertainment systems, and onboard restrooms.
  • Contactless Payments: Many charter bus companies in the USA have started accepting contactless payments such as Apple Pay and Google Wallet, making it easier for customers to pay for their tickets.

NAICS Code 485510-02 - Buses-Charter & Rental

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