Greyhound Lines, Inc.

U.S. corporation that has provided the major intercity bus transportation in the U.S. and Canada.

It was founded in 1926 as Motor Transit Management. Backed by the railroads, the company soon had a network of lines spreading across the country. It adopted its current name in 1930. By 1933 Greyhound's routes covered 40,000 mi (65,000 km). In the early 1980s deregulation of the bus-transit industry led Greyhound to drop many local bus lines. In 1987 Greyhound Corp. sold its bus operations, and Greyhound Lines, Inc., became an independent corporation devoted to intercity bus transportation. It was purchased in 1999 by Canada's Laidlaw Inc., a waste-management company.

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▪ American corporation

      American corporation that has provided the major intercity bus transportation in the United States and Canada. Greyhound's headquarters are in Dallas, Texas.

      The company traces to 1925–26, when Eric Wickman and Orville S. Caesar, intercity bus operators, joined forces, acquired financing, and merged several bus companies into the Motor Transit Management. Some of the early backers were the railroads, first the Great Northern Railroad and then the Southern Pacific, Pennsylvania, and New York Central railroads. A network of lines quickly spread across the country, through purchase of existing companies and inauguration of new lines. In 1930 Motor Transit officially became Greyhound Corporation, with the “running dog” as its trademark. By 1933 Greyhound had 40,000 route miles (65,000 km). In 1961, however, a policy decision was made to diversify; and in the succeeding decades the company became a conglomerate, expanding into several new products and services, such as toiletries and household-products manufacturing, catering, airport-terminal services, and financial services. (From 1970 to 1983 it also owned the meat-packing Armour & Company.) Greyhound's business operations became international.

      In the early 1980s deregulation of the bus-transit industry caused Greyhound Corporation to drop many of its local bus routes, isolating many small towns in rural United States. In 1987 the Greyhound Corporation (which was later renamed Greyhound Dial Corporation), based in Phoenix, Ariz., sold its historic bus operations. Greyhound Lines, Inc., based in Dallas, became an independent corporation devoted entirely to intercity bus transportation.

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