Greyhound Lines, Inc. today announced a sale of certain assets by Rockford Coach Lines to Sam Van Galder Inc. The services previously provided by Rockford will be provided by Van Galder under its current system beginning May 3, 2004.
Rockford-O’Hare tickets will be honored. Charter and tour customers will see no disruption in service. Approximately 50 full- and part-time Rockford jobs will be affected. This sale was made necessary by a post-Sept. 11 decline in passengers and revenues.
“The entire travel industry is suffering, and Greyhound is no exception,” said Timothy Moline, vice president, Greyhound Travel Services (GTS), a unit of Greyhound Lines, Inc. “The company has moved aggressively to improve its performance, and is continually looking at all of its businesses to increase the potential for long-term profit growth.”
The transaction is subject to governmental approvals.
Greyhound is the largest North American provider of intercity bus transportation, serving more than 3,600 destinations with 19,000 daily departures across the continent. The company also provides Greyhound PackageXpress (GPX), as well as Greyhound Travel Services including vacation packages, charters, sightseeing and shore services. For fare and schedule information and to buy tickets call 1-800-231-2222 or visit the Web site at www.greyhound.com.