The company that operates various inter-city bus routes to and from Madison, including the Van Galder and Megabus services, filed for voluntary bankruptcy due to a significant decrease in business caused by the COVID-19 pandemic. Coach USA, the largest privately owned bus company in the U.S., faced challenges as ridership dropped by 90% from 2019 to 2020. Despite filing for Chapter 11 bankruptcy, no immediate changes are expected in the bus routes provided by the company.
With a debt of $197.8 million, Coach USA entered bankruptcy with the aim of restructuring its operations and assets through sales agreements. These agreements would allow subsidiaries of private investors to take over various bus lines and assets, ensuring the continuation of services. The company highlighted its commitment to passenger safety and customer service, emphasizing the importance of working closely with contract customers and transportation agencies throughout the bankruptcy process. As potential buyers emerge, the company remains focused on maintaining operations and serving the communities it operates in.
