Passenger Bus, Rail and Motorcoach Industry News

The route connects with the Charlotte Area Transit System and Fayetteville Area System of Transit, as well as other Greyhound intercity bus routes.

Took on operations in 15 markets, including Los Angeles, San Francisco, San Diego and Phoenix. The acquired businesses will operate under the Horizon Coach Lines brand name and will be based in Dallas.

Ventura County Transportation Commission officials say if the shutdown of VISTA cannot be somehow avoided and that they need more time to find another company to provide bus service. They say they are asking Coach America to keep the buses on the streets for at least another month.

Will replace Coach America as LA DOT’s Northern provider of Commuter Express and DASH services in June.

The one-week delay reflects the timely submission from the Pre-Petition First Lien Agent, pursuant to Section 9.1 of the Prepetition First Lien Credit Agreement, of its intent to submit a Credit Bid under Section 363 of the U.S. Bankruptcy Code.

Laura Hendricks most recently served as the company's senior VP for Business Development, overseeing strategic planning, sales and marketing.

Approved to obtain interim financing authority, to maintain existing cash management systems, and to pay vendors and suppliers in the ordinary course of business.

Decision was made with a focus on reducing its debt and advancing the best interests of the company and its stakeholders. Coach America has obtained a commitment for $30 million in financing, subject to approval by the Bankruptcy Court, which will support the company's fleet investment and help ensure the continuation of normal operations.

The amended facility resets the applicable leverage ratio test, modifies certain other terms of the facility and provides the company with additional operating flexibility in the future.

Anaheim, Calif. division of Coach America took delivery of three TD925 coaches, while eight Van Hool ADA-equipped C2045Es have been added to its Woodland commuter fleet in Houston.