British owner puts Greyhound bus line up for sale - The Car Connecti...

British owner puts Greyhound bus line up for sale  The Car Connection

An icon of the American highway system is up for sale. Reuters reported last week that the British firm that owns Greyhound has put the bus line up for sale. Greyhound has struggled to compete with low-cost airlines in areas where the bus line typically serves. Relatively low oil prices have also hurt the bus line as more Americans are traveling by personal car thanks to cheap gas. Greyhound was acquired by British firm FirstGroup in 2007 for $3.6 billion. DON'T MISS: New electric bus runs 1,100 miles on a single charge FirstGroup did not say how much it will ask for Greyhound in the sale, ...