Megabus, the discount U.S. coach operator, said passenger volume has more than doubled in the past year, as soaring fuel prices deter travelers from driving and flying.
Gas luring passengers to Megabus
April 12, 2008 at 1:58AM
Megabus, an offshoot of a low-cost British bus operation, serves 17 Midwest cities. It offers four departures daily from Minneapolis to Chicago, Milwaukee and Madison, Wis. It added a base in Los Angeles in August, with services to six cities, and on May 30 will start service from New York to seven destinations, including Boston and Toronto.
Megabus President Dale Moser said that U.S. operations are profitable, with revenue expected to almost double during the next year, to $13 million.
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Stadium Capital, the largest shareholder, had been pushing for management and board changes at Minneapolis-based smart-bed maker.
