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BTS Issues Report Showing Third Quarter 1995 Operating Results of Ten of the
Nation's Largest Bus Companies
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DOT 244-96
Carolee Bush
Media
202-366-6946
David Mednick
Technical
202-366-8871
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Wednesday, October 23, 1996 -- The Department of Transportation's Bureau of Transportation
Statistics (BTS) today issued a report comparing the revenues, earnings and ridership of
ten of the nation s largest intercity and charter bus companies for the quarter and nine months
ending September 30, 1995, with the same periods for 1994. These ten companies account for between
80 and 90 percent of the total intercity and charter revenues generated by Class I bus companies.
Greyhound -- the only transcontinental bus company -- showed a substantial improvement in
revenues, earnings and ridership during the quarter and nine months ending September
30, 1995. While the regional carriers also had revenue increases, they experienced declines in
earnings and ridership for the quarter, compared with the same period in 1994.
The nine regional carriers, on a composite basis, experienced a very slight decline
in their operating ratio between the nine months ending September 30, 1994, and the same
period for 1995, as revenues increased at a fractionally higher rate than expenses. For the same period,
Greyhound reported a substantially greater decline in its operating ratio. Because of Greyhound s
size relative to the nine regional carriers, its large operating ratio decrease resulted in a more
significant favorable decrease for the ten carriers as a group.
To order a copy of the report, contact the Bureau of Transportation Statistics
by telephone on (202) 366-4383, Fax (202) 366-3383, or by writing to the Bureau at
BTS/DOT, K-27, Room 4125, 400 Seventh Street, SW, Washington, DC 20590. The report can also be
viewed and downloaded on the Internet worldwide web at http://www.bts.gov/mcs, under Products and Reports.
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