User-agent: Mediapartners-Google* Disallow: Buses World News
Google
 

Buses World News

In brief: Worldwide montly news & informations about Buses, Busmakers, Passengers' and the Transport Industry

14.4.16

BUSMAKERS' MARKET * India

* New Delhi - Norms and buyer preferences set the wheels rolling

-- The bus-building industry in India is set to see its fortunes rise, after a period of lacklustre, and even negative, growth in the past decade. In the first 11 months of 2015-16, the domestic bus segment (medium and light) has registered an about 15 per cent rise compared to almost flat growth in FY15... The improvement has been driven by fresh orders by state transport undertakings, improvement in viability of private players (following a correction in diesel prices) and pre-buying ahead of BS-IV norms mandate...  The bus market in India has been a fragmented industry... The introduction of the new Bus Body Code last year is a trigger for growth and is now expected to fuel strong demand for fully-built or factory-built buses, resulting in a shift of buyer preference to Original Equipment Manufacturers. Ashok Leyland is the leader in the bus market (medium and heavy segment), with 45 per cent share, followed by Tata Motors (34 per cent). Others include VE Commercial Vehicle, SML Isuzu and Mahindra & Mahindra, while Volvo has been operating in the premium segment. The latest entrants in India are Daimler and Scania... 
 Mumbai, India - The Hindu, by G. BALACHANDAR - April 11, 2016

Labels: ,

posted by Unknown @ 4:47 AM  0 Comments

8.8.15

BUS MARKET * China: Research Report & Electric buses

* China - Bus market research report from 2015 to 2018 set to grow according to forecasts

-- In 2014, the new energy bus became a new sport light in bus market, with sales volume hitting 27,000 vehicles, up 160% from a year earlier. In terms of power type, the plug-in hybrid bus gained in popularity in the market with its lower prices and high cost performance... In 2014-2015, although macro-economy would have certain impact on bus market, city buses, new energy buses, and light-duty buses, which were driven by downstream market, presented a rise in demand, thus leading to growth of overall bus market in China. In 2014, the sales volume of buses (including bus chassis) in China came to 606,900 vehicles, up 8.37% from a year earlier... And therefore it accounted for the largest share in new energy bus market, at 47.5% in 2014. Spurred by technology maturity and polices, the battery electric bus developed rapidly, representing 47% in 2014, an increase of 31 percentage points from 2013... However, the ordinary hybrid bus, which was not brought into the national subsidy list, occupied an increasingly lower market share, to 5.5% in 2014. It is expected to gradually withdraw from the market in the future... 
(Photo: 18-meter-long Electric Buses debut in Beijing. 2015 shows a brand-new electric bus, 18 meters in length, at the Fuchengmen Outer street bus terminal in Beijing, capital of China)  --  Shanghai, SH, China - RnR Market Research/WhaTech Channel (Chicago, Illinois, USA) - 6 August 2015 


* China - Electric Bus Market to grow at a CAGR of 33.6% to 2020

--  Sales volume of electric bus reached 27,000 vehicles throughout the year 2014, soaring by 160.3% from the previous year, and kept growing rapidly in the first half of 2015, approaching 20,000 vehicles. It is expected that China will sell 154,000 electric buses in 2020, with a CAGR of 33.6% during this period, said the "China Electric Bus Industry Report 2015-2020" ... The variety that is vigorously promoted is electric public bus which accounts for 85% of total sales volume of electric bus. City bus ownership in China now has exceeded 500,000 vehicles, carrying 60% of city passenger transportation in urban public transport system. As of 2014, electric public bus ownership nationwide topped 80,000 vehicles... It is expected that new electric public buses added in 2020 will make up 70% of new public buses added that year, and cumulative electric public bus ownership will exceed 300,000 vehicles by 2020... Besides public bus, light business-purpose bus and touring bus markets will be next market spotlights for electric bus. New energy commercial bus rating had been completed in the first quarter of 2015, and 3,000 vehicles are expected to be sold in 2015... Seen from battery, motor and electronic control industry chain, electric bus now adopts mainly LFP power battery and "LFP+ supercapacitor" dual-battery system. Based on the type of battery used by electric bus in the first half of 2015, configuration rate of LFP power battery including "LFP+ supercapacitor" dual-battery system was up to 82%. Rated power of drive motor for electric bus mostly falls into the range of 80 kW to 120kW. Asynchronous motor still holds a dominant position, as it can provide high-power traction; permanent-magnet synchronous motor starts to be massively used in medium-sized and small buses... In point of competitive landscape among companies, top5 electric bus manufacturers in 2014 were Yutong Bus, Xiamen King Long Motor Group (including three wholly-owned subsidiaries: Higer Bus, Xiamen King Long United Automotive Industry, Xiamen Golden Dragon Bus), BYD, Nanjing Golden Dragon Bus and Zhongtong Bus, together producing 17,011 vehicles, 62.5% of the country's total... As electric bus enjoys enormous space for future development and can greatly drive the development of relevant industrial chains, China has ushered in an electric bus investment boom since 2014, with planned investment in electric bus announced by key bus makers nationwide exceeding RMB21 billion according to preliminary statistics and a lot of capacity putting into production in 2016 and 2017... 
(Photo: Depot buses, settled in for the night)   --  Shanghai, China - PRNewswire-iReach (Chicago,ILL,USA) - Aug. 3, 2015

Labels: ,

posted by Unknown @ 6:42 AM  0 Comments

21.4.15

BUSES' MARKET * UK: 'Positive signs’

* England - For bus and coach makers, says SMMT
-- Bus and coach registrations were up by 15% in March -- the third consecutive monthly increase – according to figures from the Society of Motor Manufacturers and Traders (SMMT)... The March plate change boosted orders from operators, with purpose-built vehicles seeing the sharpest increase, at 73%. Purpose-built buses saw the highest increase, at more than 111%... Mike Hawes, SMMT chief executive, says the results are "a positive sign for the future of the bus and coach sector"... Single-deckers under 8.5 tonnes were the top performer in the purpose-built bus sector, rising by 271% in March...
 (Photo: UK city buses)  --  London, EN, UK - Transport Engineer, by Laura Cork - 13 April 2015

Labels:

posted by Unknown @ 11:42 AM  0 Comments

1.11.14

BUS MARKET * China: Report

* England - ‘Light’ buses hold weight in the China public vehicle market
(Photo: A China made bus, in the Habana's, Cuba, streets) 
London,EN,UK -Cos. and Markets/Automotive and Parts, by Amy Sandys -31 October 2014: -- Despite the recent boom in the Chinese commercial transportation vehicle market, sales of both 'large' and 'medium' buses have been experiencing a decline in sales volume. However the market saviour appears to be the smaller and more stylish 'light' buses, which are expected to enjoy a sustained increase over the growth period 2014-2017... The rapidly expanding economy, increased middle-class wealth, and a growing 'travelling population' have seen the demand for public transportation in China increase steadily over the past decade. This increasing demand has had a particularly noticeable effect in the bus industry specifically, whereby need for comfortable, long-distance passenger transportation is in high demand... In 2013, the total sales of all buses reached 477,100, representing an increase of 12.11% since 2012... In an effort to maintain a strong overall bus transportation industry, the Chinese government - along with several corporations - have taken to expanding their enterprises overseas...

Labels:

posted by Unknown @ 5:16 AM  0 Comments

27.8.14

BUS MARKETS WORLDWIDE * India - Australia

* India - Bleeding Dry: The Bus Stops Here


New Delhi,India -The New India Express/The Sundat Srandard, by Sumit Kumar Singh -27 Aug 2014: ... The Delhi government shunted out killer Blueline buses and gradually started phasing out an old fleet of DTC buses to replace them with AC and ordinary low-floor buses... But shockingly, on an average, 175 of the total 1,275 red AC buses that carry a price tag of a whopping `67 lakh per bus break down every day... Inquiries reveal that the air-conditioning system of the buses is not able to match the load. In 100 such buses, the system has stopped functioning. So, the government instead of maintaining a good fleet of red buses is planning to give up on acquiring new ones... Such frequent incidents of breakdown cause traffic jams during peak hours... In the meantime, the Delhi government wanted to make the DTC buses disabled-friendly... The government decided to replace the fleet with low-floor buses...  Also, there are only two manufacturers in the country which supply these buses and they have started dictating their terms... 


* Australia - B.C. Transit looks to add more double-deckers to its fleet


(Photograph By LYLE STAFFORD - Of B.C. Transit's 69 double-decker buses, 62 are in Greater Victoria, with the remaining seven in Kelowna. The public-transit provider is considering adding more double-deckers, but it's not known yet in which regions they would be used) 
 Kelowna,BC,Australia -The Times Colonist, by Carla Wilson -August 19, 2014: -- More double-decker buses could be rolling along B.C. roads now that B.C. Transit is seeking interest from manufacturers... Transit is suggesting that the first potential delivery could start late in 2016... Double-deckers are already a familiar sight in the capital region. Of B.C. Transit’s 69 double-deckers, 62 are in Greater Victoria, with the remaining seven in Kelowna...

Labels: ,

posted by Unknown @ 6:16 AM  0 Comments

8.8.14

BUS MARKETS * South Korea

* South Korea - Seoul City plans to introduce more eco-friendly buses


(Photo: Hyundai unveils Blue-City CNG hybrid bus) 
Seoul,SK -Yonhap News Agency -Aug. 4, 2014: -- The city of Seoul said Monday it will vastly expand its fleet of natural gas and electric hybrid buses in the next four years to reduce greenhouse gas emissions and energy costs... Starting with just 20 compressed natural gas (CNG) and electric hybrid buses this year, the city government said it will gradually increase that number to 2,100 by 2018... CNG hybrids are buses that switch between electricity and natural gas to operate at lower and higher speeds, respectively. The buses will also come with low floors to accommodate for disabled passengers, officials said... The results showed 34.5 percent greater fuel efficiency and 30 percent less greenhouse gas emissions among CNG hybrids compared to their non-hybrid counterparts, officials said... The city government says 2,100 CNG hybrid buses will save a total of 226.8 billion won (US$218.6 million) and cut nitrogen oxide emissions by 3,124 tons over nine years...

Labels:

posted by Unknown @ 6:34 AM  0 Comments

20.6.14

BUS MARKETS NEWS * Thailand

* Thailand - Federation of Thai Industries' pitches local buses to agencies

(Photo: The bus from Bangkok's Eastern Bus Terminal -Ekamai- to Ban Phe) 
Bangkok,Thailand -The Bangkok Post, by Piyachart Maikaew -19 Jun 2014: -- State agencies are being urged to buy locally assembled buses to help stimulate the sagging bus industry... The BMTA is preparing a procurement programme for 3,183 natural gas buses worth up to 13 billion baht... Major bus makers such as Hino, Isuzu, Volvo, Mercedes-Benz and Scania import chassis for body assembly at their Thai factories. Local independent factories also import chassis for body assembly here... Last year, 756 buses were assembled in Thailand, up by 30% from 2012... Bus output reportedly fell by 29% to 238 in the first five months of this year... Of the five-month production, passenger cars made up 312,748 vehicles, down by 37%, while pickup trucks constituted 471,238 units, down 22%. Domestic sales in May fell by 38% year-on-year to 69,681 vehicles...

Labels:

posted by Unknown @ 11:33 AM  0 Comments

13.6.14

BUS MARKETS WORLDWIDE * Saudi Arabia - Abu Dhabi / UAE

* Saudi Arabia - Alexander Dennis conducts bus demonstration in KSA

(Photo: ADL chiefs met with a range of stakeholders from Saudi Arabia's public transport community during the course of the five-day event)
 -Construction Week. by James Morgan -Jun 11, 2014: -- British bus maker Alexander Dennis Limited (ADL) has conducted a five-day demonstration programme in Saudi Arabia... In conjunction with its local dealer, Manahil International, the manufacturer’s senior management team held talks with a number of KSA stakeholders in a bid to bring double-deck buses to the Kingdom... ADL’s Enviro500 double-deck model boasts 89 seats and can carry up to 139 passengers at any one time... 


* Abu Dhabi / UAE - Makers of iconic hybrid London double-decker bus  establish ME HQS in Masdar City 

(Photo: The new hybrid double deck buses. The B5L Hybrid Double Deck is made by Volvo) 
Masdar City,Abu Dhabi -Abu Dhabi City Guide -10 June 2014: -- Wrightbus International, the company behind the iconic London double-decker buses, officially opened its Middle East headquarters in Masdar City, today. A global leader in hybrid and all electric public transport and urban mobility, the company will look to leverage its strategic base at Masdar City - Abu Dhabi’s pioneering low-carbon city – to respond to the region’s growing need for innovative, efficient and clean transportation... Wrightbus has been at the vanguard of technological innovation since its formation in 1946. Today, it continues to develop its expertise in hybrid, flybrid and fully electric powered technology across its range of double deck, single deck and articulated buses and Rapid Transit Vehicles...

Labels:

posted by Unknown @ 5:30 AM  0 Comments

BUS MARKET * India: Daimler´s & Volvo's

* Tamil Nadu / India - Global biggies line up for Indian bus market

(Photo: In 2008, Volvo Buses in India inaugurated its Complete Bus Factory at Hosakote near Bangalore) Chennai,Tamil Nadu,India -The Times of India, by Rajesh Chandramouli -Jun 10, 2014: ... Transnational truck makers Daimler and Volvo are readying their product arsenal to include fully-built buses for India while more companies may join the segment, creating a buzz around buses... The Indian bus market, according to Daimler, is 40,000 units a year. And it is expected to double in a decade, making it the second largest behind China...  German giant, Daimler's Indian arm, Daimler India Commercial Vehicles, which is potentially financially sick, has announced an investment of Rs 425 crore in the bus-making unit in Oragadam near Chennai. The first buses are expected to roll out in the second quarter of 2015... Sweden's Volvo has announced the introduction of a UD bus range developed specifically for growth markets... In the 2013 calendar year, the market for heavy duty buses was 24,500 units, Volvo said. It expects this market to fall by 5-10% this year... Volvo Group has announced its plans to foray into the value segment (which is the upper end of the medium segment) of the bus market in India with the UD buses brand...

Labels: ,

posted by Unknown @ 5:09 AM  0 Comments

7.6.14

BUS MARKETS NEWS * USA:

* Missouri - Rehabbed 60-foot buses debut on Grand next week


(Photo by Laurie Skrivan: The public used a paint-by-numbers approach to paint the mural designed by the Firecracker Press on the first articulated MetroBus on Saturday, May 31, 2014, in the South Grand Parking lot) 
St. Louis,MISSO,USA -St. Louis Post Dispatch, by Ken Leiser -4 June 2014: -- Metro will deploy seven 60-foot buses on the busy Grand line starting Monday - a move aimed at reducing overcrowding on the transit agency's busiest bus line... The new buses were put on display near the Grand MetroLink station this morning during a ceremony featuring top Metro brass, St. Louis Mayor, Francis Slay, and St. Louis County Executive, Charlie Dooley... Slay stressed that transit represents a link to jobs, neighborhoods and entertainment events... Seven will go into service on the 70 Grand line on Monday. By the end of the year, 15 will be ready for use...

Labels:

posted by Unknown @ 6:29 AM  0 Comments

BUS MARKET * UK

* England - Bus and coach registration fall slightly in May

(Photo: The factory floor of Alexander Dennis bus builders in Falkirk, Scotland) 
London,EN,UK -Tyre Press -6 June 2014: -- The UK bus and coach market was slightly down in May after a strong April, reports the Society of Motor Manufacturers and Traders. Chief executive, Mike Hawes, shares that “after a glut of new bus and coach registrations in April, the sector performed more modestly in May, down 3.3 per cent.” A total of 644 buses and coaches were registered in May 2014. So far a total of 3,356 buses and coaches have been registered in the UK during 2014, 4.1 per cent more than in the first five months of 2013...

Labels:

posted by Unknown @ 5:53 AM  0 Comments

31.5.14

BUS MARKET NEWS * China

* China - Market forecasts on China basic passenger vehicle and bus industries 

(Photo: Beijing traffic congestion)
Beijing,China -Global Trade Industry News -May 30, 2014: -- Reports offers China Bus Industry Report, 2014-2017, and China Basic Passenger Vehicle Industry Report, 2014-2017, market research studies in its store... China Bus Industry Report, 2014-2017, market research forecasts the total sales volume of buses in China will exceed 690,000 units by 2017. In these upcoming several years, the sales volume of buses in China will present an AAGR of 9% or so... China Basic Passenger Vehicle Industry Report, 2014-2017, market research forecasts the production of basic passenger vehicles in China will amount to 17.01 million units by 2017...

Labels:

posted by Unknown @ 5:48 AM  0 Comments

20.7.13

* Pakistan - Bus market declined in the last fiscal year

* Pakistan - Truck, bus sales drop

(Photo: A typical Karachi's bus) 
Karachi,Pakistan -Dawn.com -19 July 2013: -- Sales of buses, trucks and other heavy vehicles generally declined in the last fiscal year 2012-13, barring farm tractors and jeeps (4x4), according to the statistics of Pakistan Automotive Manufacturers Association (PAMA)... Truck sales, dubbed as barometer of local and foreign trade, declined to 1,948 units in FY13 as compared to 2,394 units in FY12 while bus sales dropped to 510 from 609 units... An official in a leading bus/truck assembling unit said that many factors combined to cause drop in sales of trucks, including imports of used trucks, competition among the assemblers, rising diesel prices and devaluation of the rupee against major currencies. Besides increase in price, the pre-election scenario also made investors cautious to invest in heavy vehicles, he said... He said new and used Chinese vehicles have also arrived, while many transporters preferred purchasing used locally produced trucks instead of new trucks. Developed logistic sectors are also shying away from buying Japanese trucks and many have shifted their focus to Chinese and other brands, he added...

Labels:

posted by Unknown @ 6:38 AM  0 Comments

31.1.13

BUS MARKETS * Europe


* Belgium - The European Market in 2012 VI gloomy 

Brussels,Belgium -Autocar Bus and Infos -30 Jan 2013: -- Registrations of new commercial vehicles in Europe fell by 12.4% in 2012, reaching 1,695,173 units, according to figures from the Association of European Automobile Manufacturers released before yesterday... France remains in this sector the largest European market with quarter of immats, despite a decline of 10.6% to 381,233 units...  Registrations under PL 16 t decrease of 9.1% in Europe to 285,809 units, only to - 7.5% in France, with 45,678 units. The market for more than 16 t undergoes a substantial decrease slightly more at - 9.4%, or 214,086 registrations across the EU. In France, the sector declined by 8.5% to 36,461 units... 
* France - Buses, coaches, mini: registrations down 12% in 2012

Paris,France -Autocar and Bus Infos, 19239, by FG -30 Jan 2013: -- According to figures from the Chambre Syndicale CSIAM and the Committee of Manufacturers (CCFA), registrations coaches, buses and minibuses minibus (from 3.5 t) decreased in 2012 compared to 2011. With 725 fewer vehicles, the new home market fell by 11.95%. In total, 6,062 vehicles people were registered last year against 6,787 in 2011, a record in France and even in Europe. By brand, the first three manufacturers on the French market Iveco Irisbus (36.1%), Mercedes-Benz (33.6%) and Heuliez Bus (6.8% - subsidiary Iveco bus group)...

Labels:

posted by Unknown @ 12:20 PM  0 Comments

6.12.12

BUS MARKETS NEWS * India

* India - Strong demand for buses in

(Photo: NEW TIMES !!! ... Volvo buses received order for 260 buses as above) 
(Photo: ... OLD TIMES !!! ... A Delhi's bus) 
New Delhi,India -Busworld (Belgium) -3 Dec 2012: -- India is the second largest market in the world for buses and coaches, by a long way. Only China is a larger market... Putting India into perspective, annual demand for buses and coaches above 8 tonnes gross is normally around twice that of Western Europe... Since the start of this century, India has had dynamic economic growth... Until quite recently, the market was dominated by two very large domestic manufacturers, Ashok Leyland and Tata Motors, both of whom are in the top five in the world in terms of volume. The size of the market has tempted some of the main European manufacturers to establish subsidiaries and joint ventures in India. This has stimulated the whole of the manufacturing industry... It is estimated that the population of India is nearly 1.2 billion. According to the International Road Federation, at the end of 2009, there were only 12 cars per 1,000 people. Although sales of cars are rising, it still means that a high percentage of the population is...

Labels:

posted by Unknown @ 11:55 AM  0 Comments

26.7.12

BUSES' MARKETS * China

* Beijing - Public Transportation Group,  Largest CNG Bus Fleet in the World
(Photo: Beijing Public Transportation Group's CNG bus fleets) 
Beijing,China -China Buses, by Lily -25 July 2012: -- According to the United Nations Environmental Program (UNEP), China has spent 17 billion over the last three years on a large scale green drive. Today, Beijing Public Transportation Group (BPT Group) has around 3,086 buses in operation , which makes it become one of the largest CNG bus fleets in the world... BPT Group has 21,018 buses, which all reach or exceed National II emission levels. In the bus fleet, 9,353 buses reach National III emission levels; 6,504 buses reach National IV emission levels; 552 buses reach National V emission levels... From 2007 to 2012, BPT Group has added 7,200 buses...  In 2009, the hybrid buses started to applicate and promote. In Jan. 2011, the fist buses reaching National V emission levels were in operation on the streets of Beijing...

Labels:

posted by Unknown @ 5:14 AM  0 Comments

19.3.12

BUS MARKETS * WORLDWIDE

* China - Analysis of Bus market Production and Sales in Feb.


Beijing,China -China Buses, by Lily -13 March 2012: -- In February 2012, the production and  sales of Chinese buses including chassis respectively were 33,647 units and 32,990 units, which their production month-on month growth were 12.60% and and sales' 1.52 % and their year-on-year growth respectively were 61.69% and 39.24 %.

* Large Buses: The production and sales of Chinese large buses in February 2012, respectively were 4,464 units and 4,301 units, which their year-on-year growth respectively were 195.43 % and 139.61%. From Jan. to Feb. 2012, the production and sales of Chinese large buses respectively were 8,962 units and 9,016 units, which their production and sales' year-on-year growth respectively were 20.10% and 7.21 %.

* Medium Buses: The production and sales of Chinese medium buses respectively were 3,461 units and 3,288 units in February 2012, which their year-on-year growth respectively were 16.18% and 4.49%. From Jan. to Feb. 2012, the production and sales of Chinese medium buses respectively were 7,958 units and 8,100 units, which their production and sales' year-on-year growth respectively were 16.18% and 4.49%.


* Light Buses: The production and sales of Chinese light buses respectively were 20,807 units and 20,386 units in February 2012, which their year-on-year growth respectively were 48.65% and -7.45%. From Jan. to Feb. 2012, the production and sales of Chinese light buses respectively were 37,176 units and 37,664 units, which their production and sales' year-on-year growth respectively were 3.45% and -7.45%.

Labels:

posted by Unknown @ 10:03 AM  0 Comments

9.1.12

BUS MARKETS * WORLDWIDE

* Brazil - Retains its place as a top 5 global auto market

Sao Paulo,SP,Brazil -CARCON Automotive, by Julian Semple -January 5, 2012: -- Full year results are likely to show Brazil as the 5th largest automotive market; it could even hold on to 4th place for a second year, depending on Germany's full year results. Unlike Germany and other big automotive exporters such as South Korea, however, Brazil relies mostly on its internal market for growth... After decades of high inflation, high interest rates and even default on international loans, Brazil's economy began to improve in the mid-1990s with the creation of the new Real currency. Getting inflation to one digit was key to increasing consumer confidence and buying power...  According to Fenabrave, the national dealership association, vehicle sales in 2011 totalled 3.633 million, a 3.3% increase over 2010. This includes 3.425 million units of cars and light commercial vehicles, and 207,400 trucks and buses. Fenabrave forecasts light vehicle sales to rise 4.5% in 2012, with a 9.6% rise in HCV sales...

Labels:

posted by Unknown @ 5:15 PM  0 Comments

22.10.11

BUS MARKETS

* Nigeria -  "N5b bus import from China is economic sabotage"". Want President, Goodluck Jonathan, to stop order

(Photo:Sun News - Innoson 6125 masstransit bus produced in Nnewi)
Lagos Nigeria -Sun News on Line, by Moses Akaigwe -October 21, 2011: -- The recent Memorandum of Understanding (MoU) signed between the Urban Development Bank of Nigeria (UDBN) and the Trade Union Congress (TUC), for the importation of no fewer than 150 mass transit buses from China, has drawn the ire of stakeholders in the local automotive industry, some of whom have branded the deal an economic sabotage that should be halted immediately... They argue that such a huge patronage which does not come very often, should have been channeled inwards to the benefit of the groaning vehicle manufacturers and the economy gnrally... The N2.3 billion loan agreement which was signed last week at UDBN’s headquarters in Abuja, was part of a total tranche of about N5 billion approved for both the TUC and the Nigeria Labour Congress (NLC) by the bank from its Public Mass Transit Revolving Fund which commenced last year...

Labels:

posted by Unknown @ 3:16 PM  0 Comments

18.2.11

"Excessive Market Power" * USA - Stagecoach accused of bumping up US prices

New York,NY,USA -The Financial Times (UK), by Gill Plimmer -February 17, 2011: -- Stagecoach, the biggest operator of New York sightseeing buses, may be forced to sell some of its services after being accused by US authorities of ramping up ticket prices... The transport group, which runs double-decker hop-on, hop-off buses in the Big Apple as well as Circle Line ferries, has been told by the Surface Transportation Board that it has excessive market power and can either split up the business or sell off a division... The tie-up has now been denied on the grounds that the combined group holds a near 90 per cent share of New York’s sightseeing bus market... The transport authority found savings estimated at between $7m (£4.4m) and $11m in the wake of the deal had not been passed on to customers. Fares rose between 10 and 17 per cent, a rise described as “a hallmark of unrestrained market power”... Stagecoach said it would consider the board’s report before deciding what action to take by the regulator’s deadline of March 25... The process allows an appeal... (Picture from i.dailymail.co.uk: Stagecoach is going ahead despite tourism)

Labels:

posted by Unknown @ 6:28 AM  0 Comments