Tennessee Coach Company - Addendum

Addendum

In 1968 the Holiday Inns of America, based in Memphis, Tennessee, bought the Transcontinental Bus System (the Continental Trailways), then later renamed it as the Trailways, Inc., TWI.

In 1979 the Holiday Inns sold the TWI to a private investor, Henry Lea Hillman Sr., of Pittsburgh, Pennsylvania.

In 1987 The Greyhound Corporation, the original umbrella Greyhound firm, which had become widely diversified far beyond transportation, sold its entire highway-coach operating business (its core bus business) to a new company named as the Greyhound Lines, Inc., GLI, based in Dallas, Texas. The buyer was a separate, independent, unrelated firm, which was the property of a group of private investors under the promotion of Fred Currey, a former executive of the Continental Trailways (later renamed as the Trailways, Inc., TWI, also based in Dallas), which was the largest member company in the National Trailways trade association.

Later in that same year, 1987, the Greyhound Lines, Inc., the GLI, the new firm based in Dallas, further bought the Trailways, Inc., the TWI, its largest competitor, and merged it into the GLI.

The lenders and the other investors of the GLI ousted Fred Currey as the chief executive officer after the firm went into bankruptcy in 1990.

The GLI has continued to experience difficulties and lackluster performance under a succession of new owners and new executives, while continuing to reduce its level of service. The reductions consist of hauling fewer passengers aboard fewer coaches on fewer trips along fewer routes with fewer stops in fewer communities in fewer states, doing so on fewer days (that is, increasingly operating some trips fewer than seven days per week), and using fewer through-coaches, thus requiring passengers to make more transfers (from one coach to another).

Now a few pieces of the Tennessee Coach Company still exist, but only as unrecognizable parts of the Greyhound Lines.