Printer Friendly
The Free Library
23,421,980 articles and books


Greyhound Acquires Southeastern Trailways Business

INDIANAPOLIS, July 6 /PRNewswire/ -- Greyhound Lines, Inc. (Amex: BUS), has acquired the intercity bus business of Southeastern Trailways, Inc., of Indianapolis. Terms of the transaction, which closed June 30, were not disclosed.

Southeastern serves Chicago, St. Louis, Indianapolis, Louisville, Cincinnati and Knoxville, with revenues of about $3 million annually. Greyhound and Southeastern have operated the routes in a revenue pool since 1989.

The transaction includes no assets. Southeastern will retain its buses for use in its charter business, which is not part of this acquisition. Some Southeastern drivers will be offered jobs with Greyhound, subject to Greyhound's pre-employment standards.

The transaction requires approval from the U.S. Surface Transportation Board.

Greyhound is the only nationwide provider of intercity bus transportation, serving more than 2,600 destinations with 18,000 daily departures. The company also provides package express service, charter service and food service at certain terminals. For schedule and route information, contact Greyhound at 800-231-2222, or visit our web site at http://www.greyhound.com.

SOURCE Greyhound Lines, Inc.
 -0- 07/06/98


/CONTACT: Katherine Williams of Greyhound Lines, Inc., 972-789-7204/

/Web site: http://www.greyhound.com/

(BUS)

CO: Greyhound Lines, Inc.; Southeastern Trailways, Inc. ST: Texas, Illinois IN: LEI SU: TNM

MT-SA -- DAM005 -- 3191 07/06/98 07:00 EDT http://www.prnewswire.com
COPYRIGHT 1998 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 6, 1998
Words:215
Previous Article:Centura Banks Inc. Reports 20% Increase in 2nd Quarter Earnings
Next Article:Advanced Switch Architecture and System Management; CORNET Technology's MTX Switch Selected by General Instrument to Simplify Cable Management
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters