Finance Archives - Page 2 of 2 - BUSRide


When the going gets tough…

A down economy presents challenges of every sort. One of the subtler is to nail down the one maxim that keeps everything in perspective. Over the last couple of months I have talked and listened to motorcoach operators and industry leaders who only reconfirmed my belief that when the going gets tough, the tough go shopping.

Transit financing trapped in a house of cards

The best laid schemes of mice and men gang oft agley — an old refrain among transit administrators caught in the backlash of an economy run amok. Little did they know their creative financing five years back would eventually become ensnared in the current mortgage-lending debacle.

Arbitrary pricing plagues the industry

For too many years too many bus and motorcoach operators have practiced under-pricing as a means to remain competitive. Such single-minded competitive pricing as a standard operating procedure has plagued the motorcoach industry. The fact is this is happening because a great number of coach operators do not fully understand how to price their services. The fair and profitable approach to pricing comes down to some very basic business principles.