Tue. Sep 29th, 2020

Transport operator FirstGroup weighs up sale of US businesses

U-turn comes only months after group said it would focus primarily on US bus operations

FirstGroup is considering a sale of all its North American businesses, in an apparent reversal of strategy only months after the struggling transport group said it would focus primarily on its US bus operations.

The group said it had appointed advisers to explore options, including the potential disposal of First Student, which operates about 43,000 yellow school buses, and First Transit, which provides outsourced public transport.

Continue reading…U-turn comes only months after group said it would focus primarily on US bus operationsFirstGroup is considering a sale of all its North American businesses, in an apparent reversal of strategy only months after the struggling transport group said it would focus primarily on its US bus operations.The group said it had appointed advisers to explore options, including the potential disposal of First Student, which operates about 43,000 yellow school buses, and First Transit, which provides outsourced public transport. Continue reading…

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