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November 25, 2015 8:24 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





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 Announces Unaudited Earnings Results for the Six Months Ended 30 September 2015

Greyhound announced unaudited earnings results for the six months ended 30 September 2015. For the period, the company reported revenue of £312.4 million against £314.0 million a year ago. Operating profit was £25.8 million against £29.9 million a year ago. Adjusted operating profit was £25.8 million against £29.9 million a year ago. EBITDA was £76.8 million against £74.5 million a year ago. Adjusted operating profit was £2.0 million against £4.5 million a year ago. The like-for-like revenue decreased reflecting the adverse impact on customer demand experienced across the intercity coach industry since fuel prices fell sharply in the third quarter of the prior financial year.

Greyhound Lines, Inc. Faces Wrongful Death Lawsuit in 2008 Colusa Crash

A state appeal court has reversed a Sacramento Superior Court judge's grant of summary judgment in favor of Greyhound Lines, Inc., in a wrongful death and personal injury lawsuit brought on behalf of those who perished and were injured in a horrific 2008 crash near Williams of a bus traveling from Sacramento to a casino in rural Colusa County. The plaintiffs allege safety defects in the motor coach, which had been built to Greyhound's specifications but had gone through at least two incarnations since Greyhound had relinquished control of it. At the time of the accident, which killed 11 people and injured dozens more, it was owned by Daniel Cobb. Cobb was also killed in the accident. A three-justice panel of the 3rd District Court of Appeal found fatal flaws in Greyhound's motion for summary judgment, on which Sacramento Superior Court Judge David I. Brown based the February 2013 ruling that sank the case. Specifically, the justices said, Greyhound did not address all the claims in the plaintiffs' complaint. The panel's decision gives new life to the lawsuit. The matter back to Brown with directions to vacate his ruling in Greyhound's favor and issue a new order denying the company's motion for summary judgment on plaintiffs' claims of negligence, strict liability, loss of consortium, wrongful death, and survival. The panel further directed that the new order should grant Greyhound's request to be relieved of breach-of-warranty claims.

Greyhound Lines, Inc. Launches Bus Service in Mexico

Greyhound Lines, Inc. has launched its bus service in Mexico. Greyhound will operate more than 23 departures per day, connecting Monterrey to Nuevo Laredo and major hubs in Texas. Thirteen daily schedules will be between Monterrey and Nuevo Laredo, and 10 daily schedules will connect Monterrey to several Texas cities. The route includes Monterrey Nuevo Laredo Laredo - San Antonio Austin Dallas.

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