rickycourtney
Conductor
Financial Times: FirstGroup weighs sale US school bus and public transit units
FirstGroup also put Greyhound up for sale earlier this year, citing competition from low-cost airlines and a drop in demand.
The sale of these groups would be a big change in the bus landscape in the US and Canada.
The bus and train operator will “explore all options” for First Student and First Transit, “including a potential disposal”, the company said in a statement on Monday.
First Student operates over 42,500 buses in the US and Canada and brings some 5m students to school each day, according to FirstGroup’s website. Its First Transit division is one of the biggest private providers of public transit across the two countries, transporting 324m passengers a year.
FirstGroup also put Greyhound up for sale earlier this year, citing competition from low-cost airlines and a drop in demand.
The sale of these groups would be a big change in the bus landscape in the US and Canada.