Greyhound Acquires Southeastern Trailways Business
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.
/CONTACT: Katherine Williams of Greyhound Lines, Inc., 972-789-7204/
/Web site: http://www.greyhound.com/
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