Motorcoach

MV purchases school bus operator

Posted on August 22, 2011

MV Transportation Inc. announced the successful asset purchase of New York City school bus operator, USA United Fleet Inc. The agreement was approved by the U.S. Bankruptcy Court of the Eastern District of New York last week.

MV Transportation Inc.'s student transportation subsidiary, Reliant Transportation Inc. assumed the existing bus fleet and four New York City Department of Education operation and maintenance contracts.

The company will begin operation of more than 500 bus routes with approximately 600 vehicles beginning with the start of school in New York City, Sept. 8, 2011.

The completion of this transaction, valued at over $75 million in revenue, marks the largest acquisition in the company's 36 year history.

MV Transportation also operates the Access-A-Ride services in Harlem, Staten Island and Brooklyn for the New York Metropolitan Transportation Authority.

 

View comments or post a comment on this story. (0 Comments)

More News

2017 intercity bus travel outlook in NYC to be released

The DePaul report by the Chaddick Institute evaluates the remarkable implications of the resurgence of intercity bus travel on the competitive landscape of U.S. travel.

FMCSA establishes drug and alcohol clearinghouse for motorcoach drivers

The final rule's annual net benefits are an estimated $42 million, with crash reductions resulting from annual and pre-employment queries by FMCSA-regulated motor carriers.

IMG announces contribution to SYTA on Give Back Tuesday

The International Motorcoach Group has announced a five-year commitment to the SYTA Youth Foundation.

Wrong-way driver slams into Ariz. Greyhound bus

Arizona Department of Public Safety officials said the bus driver “did an amazing job” keeping the vehicle upright after one of its front wheels was damaged in the high-speed collision.

CH Bus delivers 2 Temsas, opens new maintenance, repair facility

The new facility is located just off Hwy 101 near San Francisco’s SFO airport, which offers a very convenient location for customers.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close