As an apparent result of low fuel prices, the intercity bus industry is going through some turmoil, with major carriers cancelling some routes and other routes popping up. Perhaps the biggest shock is that Stagecoach, which revolutionized the bus industry with the introduction of Megabus in 2006, sold Megabus to a California investment firm after reporting a 3.2 percent decline in revenues.
Luxury carrier Vonlane offers Texas Triangle passengers a choice between legrest seats. . .
Yet the industry isn’t fading away. New carriers are introducing new models, with more dynamic schedules and more first-class services. All of these changes are reported in the Chaddick Institute’s 2019 Outlook for the Intercity Bus Industry. Co-author Joseph Schwieterman has been watching the industry more closely than anyone else since Megabus began shaking it up in 2006, and the more recent shake ups are just about as revolutionary as the first Megabus routes. Continue reading
