Shuttle Bus Leasing (SBL) and Complete Coach Works (CCW) announced their plans to transition to 100% employee-owned.
The Employee Stock Ownership Plan (ESOP) provides company stock to employees as part of their retirement benefits.
SBL, CCW Transition to 100% Employee Stock Ownership Plan
The Employee Stock Ownership Plan (ESOP) provides company stock to employees as part of their retirement benefits.
by Staff
August 26, 2021
The announcements were made during a lunch as the meeting was simultaneously broadcast to all remote employees via video conference.
Photo: Shuttle Bus Leasing, Complete Coach Works
1 min to read
The transition is not finalized, yet. Once finalized, employees can start to benefit from these contributions.
SBL provides short to long-term leases and used transit shuttle buses for a variety of applications. It also provides customized leasing term options to suit our customer’s needs, such as seasonal leasing, contract leasing, gap leasing, secure transport leasing, and private employee shuttle leasing.
CCW has been a bus remanufacturing and rehabilitation company in the U.S. for over 34 years. The company unveiled the remanufactured all-electric, battery-powered bus in 2012.
The announcements were made during a lunch in Riverside, California.
More Management
STV Launches Power Practice and More in Biz Briefs
In METRO's latest installment, we take a look at the latest news from SilverRide, Complete Coach Works, and more.
Read More →
FTA Announces $28.5M Investment for Transit-Oriented Development Planning
The Pilot Program for TOD Planning helps support FTA’s mission of improving America’s communities through public transportation by providing funding to local communities to integrate land use and transportation planning with a new fixed-guideway or core-capacity transit capital investment.
Read More →
When the Buses Are Ready, and the System Isn’t
Transit agencies have moved past pilot projects, but scaling electrification is exposing a harder truth: the real challenge isn’t vehicles, it’s everything around them.
Read More →
LA Metro Opens D Line Extension
The only new subway opening in the US this year, the D Line Extension represents one of Metro’s top transit priorities and a historic milestone for Los Angeles, with Sections 2 and 3 set to open in 2027.
Read More →
Bus Tech Talk: Part 2 with AC Transit's Cecil Blandon
In Part 2 of a two-part conversation, AC Transit’s director of maintenance joins co-hosts Alex Roman and Mark Hollenbeck to discuss his maintenance team’s work with various types of vehicle, training, augmented reality, and more.
Read More →
Montreal’s STM Reports Ridership Decline, Service Modernization Efforts
The transit agency cites labor disruptions, demographic shifts, and evolving rider needs as it advances safety initiatives, paratransit changes, and major infrastructure projects across its network.
Read More →
Avoiding Mid-Season Breakdowns: A Fleet Readiness Q&A
John Hatman, COO of Master’s Transportation, breaks down the priorities, warning signs and common mistakes fleet managers should address now to stay ahead of summer demand.
Read More →
TTC Launches New Wayfinding Pilot, Announces Fare Capping Ahead of FIFA World Cup 2026
See how the TTC is testing a new wayfinding system at major subway stations while planning to introduce fare capping to make transit easier to navigate and more affordable for riders.
Read More →
PATCO Opens New Operations Control Center
The new center serves as the central hub for monitoring and managing PATCO train operations, communications, customer service coordination, incident response, and overall operational oversight across the transit system.
Read More →
VIA Rail reports Stable Ridership, Rising Revenue Amid Ongoing Challenges
Despite these pressures, VIA Rail is reporting that total revenues increased to $514.8 million as more travelers took advantage of the wide range of options available through the corporation’s new reservation system.
Read More →