It's amazing how something that should be a public utility has been carved up by private equity and sold to a foreign company. Greyhound has completely stopped operating in Canada and the impact has been tremendous.
<i>> The threat of a closure has reached a stress point in Chicago because Greyhound, the largest intercity carrier in the United States, no longer owns its terminals in the city and dozens of others. Greyhound, owned by German company Flix Mobility (which also owns FlixBus), has sold its terminals to investors for lucrative redevelopment in recent years, including dozens to investment firm Alden Global Capital. Alden is best known for buying up local newspapers like The Chicago Tribune, New York Daily News and The Baltimore Sun, cutting staff, and selling some of their downtown buildings.</i><p>There was a point in my life where I rode Greyhound and Megabus to save money. There's already very little dignity to be found in long-distance bus travel, and removing facilities where people can rest during layovers just drives what little remains completely into the dirt. But hey, it may be unraveling the fabric of society, but at least we increased shareholder value.
I’m glad for this, bus companies have been fighting train development for decades to prop up their garbage service. Hopefully if they get broken up and sold for parts we can have sensible public transit in this country which doesn’t rely on roads and sitting in traffic.