History, Growth Through Acquisitions
Virginia Overland's parent company was formed in 1973 as a small school bus management and consulting company. In 1975, it expanded into operating a cooperative school bus system serving 5 independent schools in the Richmond area. The following year, the service had grown to 13 schools and the company began to acquire all or controlling portions of a number of other older Virginia public service transportation companies, some with roots back to interurban streetcar operations as early as 1915, and urban-suburban bus line bus operations dating from 1928. (Under Virginia law, an "urban-suburban bus line" is defined as a bus service "the majority of whose passengers use the buses for traveling a distance no more than forty miles, measured one way, on the same day, between their residences and their places of employment, stores, or schools.")
Read more about this topic: Virginia Overland Transportation
Famous quotes containing the word growth:
“Corporate America will likely be motivated to support child care when it can be shown to have positive effects on that which management is concerned about—recruitment, retention and productivity. Indeed, employers relate to child care as a way to provide growth fostering environments for young managers.”
—Dana E. Friedman (20th century)