Coach USA

Coach USA, LLC

A Coach USA bus in Newburgh, New York.
Slogan Driven to Be the Best!
Parent Stagecoach Group
Founded 1995
Headquarters 160 Route 17 North
Paramus, NJ 07652
Locale United States
Service area New York, Pittsburgh, and Chicago metropolitan areas, Southern Tier of New York, southern Wisconsin
Service type Local, commuter, charter, contract, and yellow school bus service, Megabus
Routes

Northeast Division (excluding Megabus):

  • 55 directly owned
  • 43 under contract

North Central Division (excluding Megabus and school buses):

  • 9 directly owned
  • 4 under contract

Megabus.com:

  • 11 directly owned
  • 1 under contract
Operator Various Coach USA companies, see Divisions below
Chief executive Linda Burtwistle
Website Coach USA

Coach USA, LLC is a holding company for various American transportation service providers providing scheduled intercity bus service, local and commuter bus transit, city sightseeing, tour, yellow school bus, and charter bus service. It is a subsidiary of the Stagecoach Group. Coach USA and sister company Coach Canada are the second-largest motorcoach operators in the US and Canada.[1]

History

Coach USA traces its history back to 1922 as Lackawanna Bus and later Consolidated Bus Lines, a small outfit operating local service in Bergen County, New Jersey and later along the Jersey Shore and throughout the New York metropolitan area founded by Jim and Denis Gallagher.[2] Community Coach, today the headquarters of Coach USA, began operations in 1958 under Denis's brother, John. The latter took over the operations of Consolidated Bus Lines, using the operating authority of another company that the Gallagher family had purchased in Paramus, New Jersey three years prior; through other acquisitions by the Gallagher family, six of these companies would become subsidiaries of Coach USA at its inception in 1995, when Frank Gallagher sold the firms to Notre Capital Ventures.

At its inception, Coach USA consisted of six companies: Suburban Trails, Community Coach, Leisure Line, and Adventure Trails in New Jersey, Gray Line of San Francisco, and Arrow Stage Line in Arizona (not to be confused with unaffiliated Arrow Stage Lines).[3][4] Listing on the NASDAQ in 1996 under ticker TOUR, and later switching to the New York Stock Exchange under stock ticker CUI, Coach USA, under the leadership of Richard Kristinik, would expand quickly, acquiring Progressive Transportation Services Inc. a contractor of municipal transit systems in Upstate N.Y. Coach USA acquired additional companies throughout the United States in the next three years to expand to over 5,000 buses and many more taxicabs, as its acquisitions also included yellow cab firms throughout the United States. During this time, the Gallagher family would start another company, Student Transportation of America, based in the area of its Coast Cities operation.[2]

In 1998, Kristinik retired, and Larry King succeeded him. Stagecoach Group would purchase Coach USA in mid-1999 for $1.88 billion USD.[5]

Under Stagecoach ownership and the helm of Frank Gallagher, the owner of its predecessors,[4] Coach USA sought to continue expansion, but the company, hit hard by the loss of charter business after the September 11, 2001 attacks,[3] caused Stagecoach to crash to a loss of over ₤524 million, at which point Stagecoach, having lost over 70 percent of its investment and now under the leadership of its founder, Brian Souter, after the downturn cost the previous CEO of Stagecoach his job, announced that all of the taxicab operations and most of Coach USA's subsidiaries were for sale, as Stagecoach sought to focus mostly on operations in the northeast, where Coach USA today maintains subsidized transit operations and scheduled service.[6][7]

Retrenching, Stagecoach sold its companies in New England to Peter Pan Bus Lines.[8] Companies in the Southwest, West, and Rocky Mountain regions were sold to Kohlberg Kravis Roberts to form Coach America,[9] and companies in the southeastern United States were sold to Lincolnshire Management, rebranded as American Coach Lines (which was merged with Coach America in 2006),[10][11] all at heavy losses. The contract transit division (Progressive Transportation) was flipped to competitor First Transit.[12] As a result of the sale of most of Coach USA's operations, the company's headquarters were relocated from Texas to the Community Coach garage in Paramus, New Jersey. Eight of the sold companies would be reacquired when Coach America declared bankruptcy in 2012, along with Lakefront/Hopkins in Ohio, with the intent of expanding (and in the case of California, reintroducing) the Megabus brand.

Coach USA's operations today consist primarily of scheduled services in New York metropolitan area and Chicago metropolitan area, with a number of charter operations near Pittsburgh and scheduled operations in the Southern Tier of New York and southern Wisconsin, along with its Megabus operations throughout the eastern and central United States.

Operating companies

As of October 2016, Coach USA includes the following local operating companies, along with intercity operator Megabus:[13]

Megabus

Megabus is an intercity bus service providing discount travel services since 2006, operating throughout the eastern, southern, midwestern, and western United States and in the Canadian provinces of Ontario and Quebec. Megabus is notable for using curbside bus stops instead of traditional stations, low fares starting at $1, and in recent years, operating a point-to-point network of routes with buses making few stops en route to their destination.

See also

References

  1. ↑ Roman, Alex (2015-01-05). "Fleets Growing, Business Strong for Motorcoach Top 50". Metro. Retrieved 2015-05-17.
  2. 1 2 "Coast Cities Bus History". Archived from the original on 2011-05-01. Retrieved 2009-10-03.
  3. 1 2 "Coach USA from Answers.com". Retrieved 2008-06-21.
  4. 1 2 "Bid to make Coach USA King of the Road (The Independent)". The Sunday Herald. June 18, 2000. Retrieved 2008-06-21.
  5. ↑ Verity, Andrew (1999-06-15). "Stagecoach pays pounds 1.21bn for largest US bus operator". London: The Independent. Retrieved 2013-10-28.
  6. ↑ Kemp, Kenny (2002-12-01). "Stagecoach's US ambitions come at a price (The Sunday Herald)". The Sunday Herald. Retrieved 2008-06-21.
  7. ↑ "Coach USA up for sale after write-down drives Stagecoach into pounds (The Independent)". 2002-12-15. Retrieved 2008-06-21.
  8. ↑ "Peter Pan to acquire five Coach USA affiliates". Retrieved 2015-05-17.
  9. ↑ "Stagecoach Group agrees terms for the sale of the West and South Central regions of Coach USA". 2003-06-06. Retrieved 2008-06-22.
  10. ↑ Stagecoach steps up its US sell-off
  11. ↑ "Lincolnshire Management Inc. sells American Coach Lines, Inc.". 2006-05-11. Retrieved 2008-07-12.
  12. ↑ "Stagecoach Group sells Coach USA Transit Division (Stagecoach Group press release)". 2003-05-22. Archived from the original on 2008-05-16. Retrieved 2008-06-21.
  13. ↑ Coach USA. "Contact Us". Retrieved October 1, 2016.
  14. ↑ American Coach Lines of Atlanta. "Our company". Retrieved October 1, 2016.
  15. 1 2 3 4 5 6 7 8 "Stagecoach Group plc and Coach USA, Inc., et al.-Acquisition of Control of Assets-American Coach Lines of Atlanta, Inc.; CUSA AT, LLC; CUSA AWC, LLC; CUSA ELKO, LLC; CUSA, KBC, LLC; CUSA PCSTC, LLC; CUSA PRTS, LLC; CUSA RAZ, LLC; Dillon's Bus Service, Inc.; and Lakefront Lines, Inc.". Federal Register. 2012-06-22. Retrieved 2016-12-29.
  16. ↑ Coach USA bus drivers, mechanics vote against joining union, 118 to 73
Wikimedia Commons has media related to Coach USA.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.