Actually, according to First Group's Annual Report and Accounts 2014 (
http://www.firstgroupplc.com/~/media/Files/F/Firstgroup-Plc/indexed-pdfs/firstgroup-annual-report-2014.pdf), Greyhound accounted for 9% of First's revenue, but 16% of their profits.
Greyhound has one of First's highest profit margins, at 7.4%, on part with First Transit, even though Greyhound has only 7,500 employees, the lowest of First's divisions, and only 7% of total First employees.
Of Greyhound's revenue, passengers accounted for 80%, Package Express 8%, Food Services 2%, Charter 1%, and Other 9%.
Operating profits were $73,200,000.
Revenue was $990,600,000.
Greyhound OTP is at 89.3%, slightly lower than the 91.4% of FY2013. Timing is done to a 15-minute standard.
Poor whether caused slightly reduced revenue, profits, and OTP compared to 2013. Overall, profits increased significantly since 2009.
79% of passengers rode Greyhound US, 21% Greyhound Canada.
48% rode 1-200 miles, 34% 201-450 miles, 13% 451-1000 miles, and 5% over 1,000 miles.
Greyhound's next goals are to introduce a completely new IT program and return Greyhound Canada to "sustained profitability". It appears that GLC earns money in the summer and loses money in the winter, hence their lack of money to purchase new units.
Other goals are to further increase amenities on the coaches, including Greyhound BLUE, and heavy growth of Greyhound Express/Limited, which has resulted in 10% ridership growth on routes that received such service.
The US intercity bus industry has grown every year since 2006. Currently, it is the fastest-growing mode of transport in the US.
Greyhound's customer base is about 11 million people, who are "regular Greyhound riders". Even though these passengers travel by other modes 75% of the time, they still ride Greyhound multiple times a year and make the bulk of Greyhound ridership.
Greyhound opened or is about to open new terminals in Seattle, Baltimore, and Miami.
Greyhound's combined US and Canada fleet is about 1,700 coaches.
Greyhound continues to follow their "all or nothing" investment pattern, focusing on fleet investment.
Greyhound will increase the routes offering Greyhound BLUE by the end of 2014.
Greyhound's medium-term profit margin target is 12%.
My own take on Greyhound:
Greyhound's reputation was very bad in the 1980s due to a series of violent strikes. This got worse in the 1990s after a bankruptcy and the selling or 102A3 units in exchange for less-comfortable MC-12 machines, despite the latter's high reliability. They hit an all-time reputation low in 2004 after the G4500 debacle.
However, the stripped of large segments of the network allowed Greyhound to relegate the G4500's to reserve service until they were rebuilt. The G4500, now rebuilt, is an excellent coach for passengers, and I know because I have ridden it, and I made a travelogue on it which I have posted as well. The driver also gave a positive review compared to the new D4505 coaches. Anyone who has not ridden or driven the Blue G4500 should not make any comments on it.
In fact, anyone that hasn't even ridden Greyhound in the past five years should not jump to conclusions about anything.