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Monday, June 03, 2019

Greyhound for sale

[VIDEO] The Frugal Travel Guru talks about Greyhound Lines being put up for sale by their UK owners First Group recently. This YouTube channel over the years have mostly discussed how one can ride Greyhound buses which includes often buying tickets, safety, stations, etc. These days his focus is more on frugal travel not only on Amtrak but on the airlines as well. You should check out his excursion to the Phillipines...

Anyway it's in the news Greyhound Lines is on sale. Check out this article from the Communist errrr sorry there goes my bias let's just call them CNN - the most trusted name in news:
Greyhound has been put up for sale after its UK owner caved to activist investors who wanted the company to ditch the bus line.

FirstGroup, which owns the iconic inter-city bus operation, said Thursday that it wants to focus on its school transportation and commuter businesses.

The company said in a statement that Greyhound has "limited synergies" with its other businesses in North America and that "value for shareholders can best be delivered by seeking new owners."

"Our plans will create a more focused portfolio, with leading positions in our core North American contracting markets," added CEO Matthew Gregory.
The question is more changes in store or more of the same. Greyhound isn't going away as long as people need a low-cost alternative to travel.

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