Is Greyhound bus still in business?
Greyhound operates 123 routes serving over 2,700 destinations across the United States. Greyhound’s scheduled services compete with the private automobile, low-cost airlines, Amtrak, and other intercity coach bus companies.
Long-distance bus operator Greyhound may be a U.S. icon, but it’s staying in European hands after British owner FirstGroup Plc agreed a sale to Germany’s FlixMobility GmbH. After a years-long effort to dispose of Greyhound, FirstGroup will unload the business for $172 million, according to a statement Thursday.
Germany’s FlixMobility acquires Greyhound Lines, the iconic U.S. bus company, in $78M deal. FirstGroup acquired Greyhound back in 2007 in a $3.6 billion deal, part of a bigger strategy to take on the U.S. market (it also bought Ryder, the yellow school bus network, around the same time).
German transportation company FlixMobility is buying Greyhound’s bus operations in the U.S. in order to strengthen its position in the country. The purchase price is $140 million cash plus another $32 million to be paid in installments over 18 months.
23-02-2021: Since South Africa’s land borders have re-opened, Intercape is happy to announce the resumption of Namibia from the 5th of March 2021. … News.
| Botswana | South Africa |
|---|---|
| Malawi | Zambia |
| Namibia | Zimbabwe |
| Other International | Mozambique |
Property owners struggle to keep their land from being flooded by the industrious creatures, and their dams sometimes lead to dangerous highway washouts. This week, the Royal Canadian Mounted Police in Saskatchewan found a pile of fence posts that had been reported as stolen incorporated into a beaver dam.
The announcement, which eliminated about 400 jobs, followed the bus line’s withdrawal from Western Canada in the fall of 2018. The consequences of that earlier shutdown are still lingering and will now likely expand eastward.
The provinces are now the only authority over bus lines, and some of them have completely deregulated their industries.
Above all, it’s no longer possible to book a single ticket and enjoy, or perhaps endure, a bus ride across most of the country.
Professor Prentice said that the end of Greyhound in Canada had elevated the importance of at least hearing out such a plan.
However, Detawu secretary-general Vusi Ntshangase was not impressed, saying in a statement that employees of the bus service who lost their jobs were told by then-Greyhound owner KAP Industries that the business could not bounce back from the lockdown.
The union questioned the rationale behind shutting the business down last year instead of opting for business rescue or selling the business as a going concern. The business was, in fact initially put up for auction by KAP Industries subsidiary Unitrans, but was eventually sold through a commercial agreement to Greyhound Coach Lines.
The return comes just in time for the Easter weekend and an expected further relaxation of the Covid-19 national lockdown regulations over the country, as the National State of Disaster is expected to lapse in mid-May.
“Some 700 jobs were lost when the business shut down last year. Now the new owners say they will be employing 200 people,” said Ntshangase.
“Shock waves reverberated throughout the industry when KAP Industries announced it would be shutting down Greyhound operations in February 2021, leaving some 700 employees jobless after 37 years in operation. KAP Industrial claimed that Covid-19 had impacted the business financially and it could not sustain operations,” Ntshangase said.