Greyhound, First Group suffering major losses

July 10, 2020

The last financial report from First Group of UK of March 31, 2020 reported combined losses of $375 million for the quarter, and its shares selling at less than $1 per share. Ridership at Greyhound is down 90%; Canada Greyhound ceased operating in early May. Losses at First Student, school bus operations, are significant with schools closing throughout North America due to pandemic.

In comparison, total losses for entirety of 2019 were $100 million. First Group says they still will have financial stability with their creditors as long as they are able to sell their North American operations prior to March, 2022. Meanwhile, coronavirus restrictions in UK have put tremendous stress on their more expensive UK rail operations.

More here: https://www.barrons.com/articles/greyhound-owner-firstgroup-slumps-on-loss-analysts-say-the-road-to-recovery-will-be-difficult-51594219399

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ATU champions federal assistance bill for private transportation companies

New Bill to Help Workers in the Intercity Bus industry

June 26, 2020

In response to a labor-management partnership led by the ATU, U.S. Senator Jack Reed (D-RI) is set to introduce the Coronavirus Economic Relief for Transportation Services (CERTS) Act of 2020. While public transportation agencies and commercial airlines were provided federal assistance under the CARES Act, many segments of the transportation industry have not had the same access to so-called bail out funding. As a result, thousands of school bus and intercity bus workers that have been laid off due to the coronavirus have seen no relief. The Reed bill would provide $10 billion in emergency economic relief funding to motorcoach operators, school bus companies, U.S. flag passenger vessel operators, and other U.S. transportation service providers. With language provided by ATU, the bill conditions funding on companies retaining their employees as of the date of enactment and on bringing back employees as business improves. In addition to supporting payroll, assistance under the bill can be used for maintaining equipment and facilities and for expenses related to protecting employees and customers from the coronavirus. Senator Reed is hoping to incorporate the bill into the next COVID bill, which could possibly be acted upon in the next few weeks.

Jim Jalbert from C & J Trailways described the current state of affairs:

https://www.fosters.com/news/20200713/bus-industry-reeling-from-pandemic-pleads-for-help-from-congress

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Springfield to Boston East-West Rail service gets Boost from feds

June 20, 2020

Congressman Richard Neal and Mayor Domenic Sarno of Springfield, announced that part of an upcoming infrastructure improvement bill being considered and expecting to pass both houses of Congress has substantial monies to start on one of three proposals to improve rail service on the East-West Corridor between Springfield-Worcester-Boston.

While city-to-city transit ridership is at an all-time-low due to Covid-19 economy shutdowns, fears among the public, and tele-commuting, resulting in fact in a major reduction of schedules by Amtrak as well as intercity lines like Peter Pan; the unrealistic train buffs like State Senator Eric Lesser and others continue to ignore projected low ridership on Trains – as opposed to more efficient Intercity busses like Peter Pan – and idealize a high speed or frequent train service between these city pairs.

Ridership on busses or trains to improve commuter times to/from Boston will only improve if “HOV lanes” or “Higher Toll exclusive use lanes” are installed near the Hub (Boston) metro area.

Read more here:

https://www.masslive.com/news/2020/06/us-rep-richard-neal-touts-15-trillion-infrastructure-plan-for-trains-green-energy-with-springfield-union-station-visit.html

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Motorcoach Protest Rally scheduled Wed. May 13 in Washington

May 12, 2020

On Wed. May 13, 2020, over 1,000 motorcoach companies are planning to protest the lack of Coronavirus Pandemic relief funds for the motorcoach industry. Charter bus companies, InterCity companies, Commuter bus companies, and others are in serious financial trouble due to the governmental shut-down of much of the nation’s economy.

Here: https://www.masslive.com/coronavirus/2020/05/bus-companies-including-peter-pan-lizak-plan-rally-in-washington-saying-theyre-left-out-of-coronavirus-relief-programs.html

More here on Facebook with Live video shots: https://www.facebook.com/groups/806295186562891/

Newsweek article: https://www.newsweek.com/american-bus-companies-rolling-rally-washington-bailout-1503651

Over 1,000 Motorcoaches expected to participate in National Protest
Drone Shot of Motorcoaches Rolling for Awareness, Washington, DC, May 13, 2020

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Rhode Island first New England state to lift stay-at-home order

May 8, 2020

The governor of Rhode Island is the first of the six New England states to re-open the economy allowing non-essential businesses to open starting tomorrow May 9, 2020. Many stores or other businesses will have strict capacity limits. This is a good sign that Massachusetts and Connecticut will follow suit in the near future.

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