Coach USA: Wikis

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Coach USA LLC
logo
image
Coach USA brandings used for directly controlled services (clockwise from top left): Standard, sightseeing, Megabus, and UK Bus (yellow school bus not shown).
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 Dale Moser
Web site 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 owned by the Scottish transport company Stagecoach Group.

Contents

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[1]. Community Coach, today the headquarters of Coach USA, began operations in 1958 under Denis' brother John's takeover of 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).[2][3]. Listing on the NASDAQ in 1996 under ticker TOUR, and later switching to the New York Stock Exchange under stock ticker CYI, Coach USA, under the leadership of Richard Kristinik, would expand quickly, acquiring 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.[1]

In 1998, Kristinik retired, and Larry King succeeded him.[4]. Stagecoach Group would purchase Coach USA in mid-1999 for $1.88 billion USD.[5]

Under the helm of the owner of Coach USA's predecessors, Frank Gallagher, Coach USA under Stagecoach ownership[3], sought to continue expansion, but the company, hit hard by the loss of charter business after the September 11, 2001 attacks,[2] caused Stagecoach to crash to a loss of over ₤524 million GBP, 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 northeastern United States, where Coach USA today maintains subsidized transit operations and scheduled service.[6][7].

Retrenching, Stagecoach sold its companies in New England to Peter Pan.[8], Companies in the Southwest, West, and Rocky Mountain regions, along with company headquarters, were sold to Kohlberg Kravis Roberts[9] to form Coach America, and companies in the southeastern United States were sold to Linconshire Management, rebranded as American Coach Lines or under the previous names of subsidiaries,[10], all at heavy losses. The contract transit division was flipped to competitor First Transit.[11] 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.

Coach USA's operations today consist primarily of scheduled services in Greater New York and Chicagoland, with a number of charter operations near Pittsburgh and scheduled operations in the Southern Tier of New York and southern Wisconsin.

Divisions

Coach USA, which once had six divisions (New England (now owned by Peter Pan, Northeast, North Central, Southeast (now under the American Coach Lines brand of Coach America), South Central (now owned by Coach America), and West (now owned by Coach America)), now operates all of its operations in two divisions, Northeast and North Central.[12][13]:

  • Northeast: Based in Paramus, New Jersey, this division consists of Coach USA companies based in the New York metropolitan area and the Southern Tier of New York State.
    • Community Coach (headquarters of Northeast Division and Coach USA)
    • Twin America LLC (operator of Gray Line New York Sightseeing, joint venture with New York Airport Service)
    • Olympia Trails (also includes Red & Tan in Hudson County, ONE/Independent Bus, and Megabus Northeast)
    • Rockland Coaches
    • Short Line Bus (also includes Chenango Valley Bus Lines)
    • Suburban Trails (also includes Cape Transit)
  • North Central: Based in Des Plaines, Illinois, this division consists of Coach USA companies based near Pittsburgh, Pennsylvania and Chicago, Illinois.
    • Butler Motor Transit (also includes Coach USA Erie and Gad-About Tours)
    • Keeshin Charter Service (Coach USA Chicago and Megabus USA (Midwest operations))
    • Central Cab Company (also includes Country Road Tours, Mountaineer Coach, and Park Tours)
    • Lenzner Coach Lines
    • Tri State/United Limo
    • Sam Van Galder, Inc.
    • Wisconsin Coach Lines

Megabus

In the midwestern and northeastern United States, Megabus, a no-frills intercity bus service, consists of two networks of services based out of Chicago and New York City, servicing cities in the Midwest from a hub in Chicago and in the Northeast from a hub in New York City. Megabus also operated from a hub in Los Angeles to points in California, Arizona, and Las Vegas, Nevada (contracting with Coach America to provide the service), but because of insufficient ridership, service in the western United States was withdrawn on 2008-06-22 after only 10 months.

See also

References

  1. ^ a b "Coast Cities Bus History". http://www.coastcitiesbus.com/history.html. Retrieved 2009-10-03.  
  2. ^ a b "Coach USA from Answers.com". http://www.answers.com/topic/coach-usa?cat=biz-fin. Retrieved 2008-06-21.  
  3. ^ a b "Bid to make Coach USA King of the Road (The Independent)". June 18, 2000. http://findarticles.com/p/articles/mi_qn4156/is_20000618/ai_n13948856/pg_1?tag=artBody;col1. Retrieved 2008-06-21.  
  4. ^ "Coach USA, Inc. Names Larry King Chairman and Chief Executive Officer (Business Wire)". 1998-11-15. http://findarticles.com/p/articles/mi_m0EIN/is_1998_Nov_4/ai_53168429. Retrieved 2008-06-21.  
  5. ^ "Stagecoach pays pounds 1.21bn for largest US bus operator (The Independent)". 1999-06-15. http://findarticles.com/p/articles/mi_qn4158/is_19990615/ai_n14228677. Retrieved 2008-06-21.  
  6. ^ "Stagecoach's US ambitions come at a price (The Sunday Herald)". 2002-12-01. http://findarticles.com/p/articles/mi_qn4156/is_20021201/ai_n12580119. Retrieved 2008-06-21.  
  7. ^ "Coach USA up for sale after write-down drives Stagecoach into pounds (The Independent)". 2002-12-15. http://findarticles.com/p/articles/mi_qn4158/is_20021205/ai_n12661365. Retrieved 2008-06-21.  
  8. ^ "Rhode Island's Bonanza Bus among Five Lines Sold to Peter Pan (Providence Journal/Knight Ridder/Tribune Business News)". December 2002. http://findarticles.com/p/articles/mi_hb5553/is_200212/ai_n21708127. Retrieved 2008-06-21.  
  9. ^ "Stagecoach Group agrees terms for the sale of the West and South Central regions of Coach USA". 2003-06-06. http://www.stagecoachgroup.com/scg/media/press/pr2003/2003-06-06/. Retrieved 2008-06-22.  
  10. ^ "Stagecoach to sell Coach USA unit for $48m (The Independent)". 2003-07-25. http://findarticles.com/p/articles/mi_qn4158/is_20030725/ai_n12706081?tag=content;col1. Retrieved 2008-06-21.  
  11. ^ "Stagecoach Group sells Coach USA Transit Division (Stagecoach Group press release)". 2003-05-22. http://www.stagecoachgroup.com/scg/media/press/pr2003/2003-05-22/. Retrieved 2008-06-21.  
  12. ^ "Stagecoach Fan Club Home Page". http://www.oocities.com/MotorCity/Downs/8661/. Retrieved 2008-06-21.  
  13. ^ "Coach USA Contacts". http://www.coachusa.com/contactsalesoffice.asp. Retrieved 2008-06-21.  

External links

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