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May 06, 2015 12:34 PM ET

Road and Rail

Company Overview of Greyhound Lines, Inc.

Company Overview

Greyhound Lines, Inc. provides intercity bus transportation services for passengers in North America. The company offers scheduled passenger services; charter packages for businesses, conventions, schools, and other groups; city-to-city services; and other services to various destinations. It also provides Greyhound Connect, a service that connects rural communities to other markets; Greyhound Package Express service that offers same-day and early-next-day package delivery; and charter services. The company was founded in 1914 and is based in Dallas, Texas. Greyhound Lines, Inc. is a former subsidiary of Laidlaw International, Inc.

350 North Saint Paul

Dallas, TX 75201

United States

Founded in 1914

7,900 Employees

Phone:

214-849-8875

Fax:

214-849-6198

Key Executives for Greyhound Lines, Inc.

Chief Executive Officer and President
Age: 50
Chief Financial Officer and Senior Vice President
Chief Operating Officer
Executive Vice President and Director
Age: 74
Chief Information Officer
Compensation as of Fiscal Year 2014.

Greyhound Lines, Inc. Key Developments

Sandell Urges FirstGroup To Reconsider Greyhound Sale

Sandell Asset Management Corp. has urged Firstgroup plc (LSE:FGP) to reconsider the sale of Greyhound Lines, Inc. The proposal was earlier rejected by Firstgroup.

FirstGroup Rejects Greyhound Sale Proposal

Firstgroup plc (LSE:FGP) as rejected a break-up plan from Sandell Asset Management Corp. to sell Greyhound Lines, Inc. Sandell Asset Management wants FirstGroup to sell its Greyhound trans-American bus service and school bus business to help pay down debt. But First Group said in a statement that the plan was "not compelling" and had "flaws and inaccuracies".

Greyhound Express Expands in Southern California on November 19

Greyhound announced that Greyhound Express(R)-the company's premium direct service between major cities-will expand in Southern California and connect to Mexico for the first time starting November 19. The new service will connect Los Angeles to new markets San Diego and Tijuana with 14 daily round trips. Tickets are now on sale starting at $1. Greyhound Express operates modern, environmentally friendly buses equipped with features such as free Wi-Fi, power outlets, leather seats, reserved seating, extra legroom, wheelchair lifts and on-board restrooms. Customers can buy their Express ticket online to take advantage of discount pricing, print their ticket at home, or pick it up at a self-service ticketing kiosk, and know a guaranteed seat is waiting for them. Additionally, Express customers can relax in private waiting areas, protected from the elements in a secure environment, with a dedicated guest services specialist to provide an extra level of customer assistance. All tickets are nonrefundable. Greyhound Express provides direct service between major cities, originating from Greyhound service hubs including New York, Los Angeles, Washington D.C., Chicago, Atlanta, Dallas, Toronto, Vancouver and Calgary. For those who need long-distance connections, stations along Greyhound Express routes allow travelers to easily connect to an established network of more than 3,800 Greyhound destinations throughout North America.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 24, 2014
Greyhound Lines, Inc., Property Portfolio in Miami Park West Neighborhood
Merger/Acquisition
August 5, 2014
Greyhound Lines, Inc., Building at 2502 First Avenue North
 

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