The transportation industry is struggling to find its footing after a wave of losses, a major new government investigation found Tuesday, raising new questions about the viability of many of the major players.
The new report by the Government Accountability Office found that transportation firms had more than $4 trillion in cash on hand at the end of 2016.
They have about $2 trillion in revenue and about $300 billion in operating expenses.
It was not immediately clear if the GAO had a full-blown accounting report.
The report found that major companies had about $1 trillion in their balance sheets, or cash on their books, compared with $3.9 trillion at the beginning of the year.
The average annual cash pile for the industry was about $9 billion, while the average annual revenue of the industry stood at about $3 billion.
The GAO said that most of the companies it studied had significant operating and capital expenditures that are difficult to predict and report, as well as debt payments that are impossible to estimate.
The report does not give details of how the companies were able to keep the money in their accounts and said they could not be certain how they were able.
The GAO’s investigation found that in the three months ended in March, the average cost per mile traveled by a company dropped by more than 1 percent to $1.19.
The number of miles a company covered per day by using a mobile app grew from 17,500 in January to 31,000 in March.
The total amount spent on customer service dropped from $8.6 billion in January, to $8 billion in March and to $6.6 million in April.
Overall, the GAOT said, “there is evidence that the current transportation sector is in a critical position to sustain its viability and, in turn, the economic health of the U.S. economy.”
The GAOT has the power to force major companies to release more information about their financial statements, but it has been largely focused on the transportation sector.
It has recommended that transportation companies disclose how much money they pay in taxes, the amount of income they get from their drivers, the revenue they make from the services they provide and the cost of operating vehicles.
In March, GAOT sent a letter to Uber, Lyft and other ride-hailing companies asking for more information on their tax liabilities and the companies’ spending plans, including how much revenue they expect to receive from drivers.
The companies said they would comply with the request.
The $1 billion drop in revenue in March may have been due in part to the new federal law that took effect in June that limits how much a company can charge in taxes and charges drivers for their service.
The law also has resulted in a shift in how companies charge drivers for work they no longer do.
In its letter to the companies, the Office of Management and Budget said that in a year when the nation has seen some of the worst downturns in decades, the industry may have little room to make adjustments to its financials.
The Office of Personnel Management said in a statement that the agency is reviewing the agency’s data and the impact the changes have had on the agency.
The transportation industry’s financial health has also been an issue in recent years.
The government audit also noted that the government spent $1,200 per person on healthcare costs related to the opioid crisis, with $1 million spent on medical expenses from the Centers for Disease Control and Prevention.
The crash in transportation has also hurt the federal government’s bottom line, with its overall operating budget shrinking from $3 trillion in 2016 to $2.4 trillion last year.
The federal government spends about $7.5 billion a day on transportation and is projected to spend $9.3 billion this year.