Categories: Market Overview

Wary of public transport, coronavirus-hit Americans turn to bikes

“I’m 51 and healthy, but I don’t want to get on the subway,” said John Donohue, a Brooklyn-based artist who bought a bike two weeks ago. Donohue, who doesn’t own a car, says he’s not sure when he’ll be comfortable on mass transit again. The coronavirus pandemic has sparked a surge in bike sales across the United States, according to a major manufacturer and a half dozen retailers interviewed by Reuters.

Many of the purchases are by people looking for a way to get outside at a time of sweeping shutdowns and stay-at-home orders aimed at containing the virus: Even the worst affected states are allowing people out to exercise. Still, a portion of the sales, especially in urban areas, are to people like Donohue who also want to avoid the risk of contagion on buses or subways.

He plans to use his new 24-gear hybrid for journeys such as regular visits to a printing shop across town that he normally travels to by subway. A key feature, he said, was the bright red panniers he added to carry his artwork. To be sure, bikes remain well down the list of U.S. commuting preferences.

About 870,000 Americans, on average, commuted to work by bicycle in the five years through 2017, or about 0.6% of all workers, according to the U.S. Census Bureau. The rate was higher in urban areas, at about 1.1%, and about 20 cities with at least 60,000 residents had rates of about 5% or more.

A more recent survey, though, showed a higher percentage of U.S. workers using a bike to get to work. Private research firm Statista Inc.’s 2019 survey showed 5% rode their own bike, while another 1% used a bike share service, an increasingly common option in larger cities. The government has declared bicycles an essential transportation item, so many bike shops remain open despite the widespread business shutdown. Many, though, have modified how they operate, no longer letting buyers test bikes and handing them over on the curb rather than inside the store.

Wary of public transport, coronavirus-hit Americans turn to bikes, Reuters, Apr 17

AddThis Website Tools
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Video: Ethereum Dips While Bitcoin Dominates

Crypto market chaos! Ethereum is sinking while Bitcoin holds strong above $83K. With BTC dominance…

3 hours ago

S&P 500 Wave Analysis – 1 April 2025

S&P 500: ⬆️ Buy - S&P 500 reversed from support area - Likely to rise…

12 hours ago

GBPAUD Wave Analysis – 1 April 2025

GBPAUD: ⬇️ Sell - GBPAUD reversed from long-term resistance level 2.0820 - Likely to fall…

12 hours ago

Crypto’s Attempt to Stabilise

The cryptocurrency market has experienced some volatility, with a 1.1% rise in 24 hours and…

1 day ago

NIO Wave Analysis – 31 March 2025

NIO: ⬆️ Buy - NIO reversed from support zone - Likely to rise to resistance…

2 days ago

Nvidia Wave Analysis – 31 March 2025

Nvidia: ⬆️ Buy - Nvidia reversed from key support level 105.00 - Likely to rise…

2 days ago