Oct 21 (Reuters) – British transport company FirstGroup (FGP. L) has sold its U.S. intercity coach network, Greyhound, to Germany’s FlixMobility after more than two years of trying to offload the iconic brand.
Who bought Greyhound in 2020?
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.
Has Greyhound been sold 2021?
FlixMobility acquires Greyhound to Expand U.S. Intercity Bus Services Dallas/New York, (October 21, 2021) – FlixMobility (“the Company”), global mobility provider of the FlixBus and FlixTrain brands, announced today it has acquired Greyhound Lines, Inc.
Who owns
greyhound south africa
?
Greyhound Coach Lines celebrated 21 years of intercity long distance transport. United Transport Company , now renamed as Unitrans Limited and listed on the JSE, reacquires Greyhound Coach Lines from the Tollgate Group.
Did Greyhound sell their buses?
The long-established North American intercity coach business will be sold to the German operator FlixMobility for $172m (£125m) , in a deal that will see FirstGroup temporarily retain the depots and terminals, as well as pension liabilities – in effect offloading Greyhound for a net loss of $19m.
Why did Greyhound go out of business?
The company reported an operating loss of $12 million in
fiscal year
2021 and a loss of $15 million in fiscal year 2020. Competition from
low-cost airlines
and a combination of increased automobile access and low fuel prices in recent years have also led to mounting headwinds for the bus operator.
Who was Greyhound sold to?
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.
Who is buying Greyhound Bus Lines?
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.
Are there sleeper buses in USA?
New bus lines operating luxury or lie-flat sleeper buses offer accommodations and services far beyond what Amtrak, airlines, or other bus lines can. A new service called Cabin is offering lie-flat sleeper buses overnight between Los Angeles and San Francisco.
How do I contact Wanderu?
While Wanderu does not have a Customer Service phone line, we are happy to assist you via email at [email protected] or chat (lower right hand corner of our website) , with
rapid response times
guaranteed!.
When did FlixBus buy Greyhound?
FlixBus acquired Greyhound. FlixMobility, the parent company of FlixBus USA, is pleased to announce the acquisition of Greyhound on October 21, 2021.
Are Greyhounds profitable?
Despite the challenges, Greyhound increased its adjusted operating profit for the year to $55.2 million , from $54.4 million in fiscal 2016, a 2.7 percent increase. That translated to an adjusted operating margin for Greyhound of 6.2 percent in fiscal 2017 versus a margin of 6 percent for fiscal 2016.
Who bought Greyhound 2021 in South Africa?
Reports indicate that Greyhound was sold last year by Unitrans Passenger and is returning to SA roads after 14 months on the shelf. The company’s new spokesperson Leslie Matthews explained to local media that Greyhound was acquired by a trust-backed investment company.
How many employees does Greyhound have?
We employ 5,900 people and we carry around 16 million passengers a year who travel 5 billion miles a year on our fleet of around 1,700 vehicles. We provide a package delivery facility on our coaches and we also run food outlets in our stations.
What happened to Coach USA?
LOS ANGELES, April 16, 2019 – Variant Equity announced today that it has completed the acquisition of Coach USA Administration, Inc. and its subsidiaries (“Coach USA” or the “Company”) from Stagecoach Group plc in a transaction valued at approximately $271.4 million.
What happens if you miss your Greyhound bus?
If you think you’re going to be late, call and reschedule. because if you miss the bus, the time of departure passes, it was a few days ago, etc. Your ticket expires.
Can I change the date on my Greyhound ticket?
If you are unable to travel on your scheduled departure date, you can contact Greyhound directly at +1 (800) 231-2222 and change your ticket for a $20.00 fee prior to the date of departure Changes only include the date and time of the trip, not the departure or arrival locations.
Who is the owner of intercape buses?
Earlier this year Intercape became the first in the industry in South Africa to introduce G7 luxury double-decker coaches. Intercape sole-owner Johann Ferreira is a businessman who believes in ethics as the foundation of successful businesses.
Who is the owner of APM buses?
JOHANNESBURG – Africa People Mover (APM) founder and chief executive Tumisang Kgaboesele says his bus company is in the business of serving Black people with dignity. He says they are the first service provider and new entrant to use luxury coaches to service the lower end of the market worth R2. 5 billion.
Why did Greyhound close in South Africa?
Greyhound is the latest household name to close operations in South Africa as the Covid-19 pandemic and weak economy takes its toll Last week media group Ster Kinekor said that it would enter voluntary business rescue as it continues to suffer due to the Covid-19 pandemic and lockdown.
Is Greyhound coming back?
He says the bus service is excited to start connecting loved ones from across the country, resuming Greyhound’s traditional routes, and introducing new ones over time. Greyhound will take to the road from Wednesday 13 April 2022 Visit their website here to learn more.
Who bought Greyhound and Citiliner?
Greyhound spokesperson Leslie Matthews told Business Day the opportunities for employment were “in excess of 200 people, immediately”. “The new owners are a private investment entity, level 1 BEE, owned by a family trust They want to be in the background.
How many buses did Greyhound have?
Our U.S fleet has four bus models, with 1,700 buses in total.
Does Greyhound still operate in the United States?
Greyhound operates less than a third of the fleet it had in the 1980s, having cut many routes after declaring bankruptcy in 2003 in the face of competition from discount airlines. Yet it remains the country’s largest intercity bus company, with more than 2,400 locations in the U.S., Canada, and Mexico.
Is there a bus that goes across Canada?
The most popular bus companies in Canada are Greyhound Canada and Megabus Of these, the bus company which provides the most comprehensive routes across the whole of Canada is the Greyhound Bus. The Greyhound Bus company also provides connecting journeys from the mainland United States to Canada.
References
https://www.reuters.com/business/flixbus-owner-hitches-ride-with-greyhound-firstgroup-exits-2021-10-21/
https://www.busbud.com/en/bus-company/greyhound
https://www.checkmybus.com/coach-providers/greyhound-us
https://www.gotobus.com/greyhound-bus/