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July 04, 2015 11:24 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: 51
Chief Financial Officer and Senior Vice President
Chief Operating Officer
Executive Vice President and Director
Age: 75
Chief Information Officer
Compensation as of Fiscal Year 2015.

Greyhound Lines, Inc. Key Developments

Greyhound Launches New Tool to Help Travelers Track Real-Time Location of Their Bus

Greyhound announced the launch of BusTracker a new real-time GPS tracking system that allows customers to see where their bus is, and when it will arrive at their destination. Customers can access BusTracker from any device by visiting Greyhound.com and searching by schedule number, departure city or arrival city for updates. For those using a smartphone, BusTracker is now part of the Greyhound mobile app, available on both Apple and Android devices. Automatically updating every one to four minutes, BusTracker pulls data from three tracking systems installed on all of the company’s buses to provide the latest schedule status for customers. The launch of BusTracker is the company's latest enhancement designed to improve and personalize the company’s customers' experiences following a rollout of several transformational investments, including the completion of the company's fleet upgrade of more than 1,200 buses. All buses now feature modern amenities such as free onboard Wi-Fi, power outlets, leather seats, extra legroom and access to OnTouch, an onboard catalog of destination packages that allows customers to purchase tickets to theatrical events, popular attractions and ground transportation offers. Other features such as guaranteed seating and $1 fares on Greyhound Express routes have also reintroduced the brand as an affordable, modern travel option.

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".

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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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