"The Lucrative Business of Greyhound Bus Stops: Who's Profiting?"
Greyhound and other private intercity bus companies are closing their bus terminals across the United States, leading to a crisis in the intercity bus network. These closures are driven by high operating costs, government underfunding, and the sale of Greyhound's real estate to investors, including hedge fund Alden Global Capital. The closures disproportionately affect low-income and mobility-challenged citizens who rely on intercity buses, as well as minorities, people with disabilities, and unemployed travelers. The closures also create problems for travelers, such as lack of access to amenities and increased congestion from curbside bus service. Transit advocates are calling for increased public sector support and the development of publicly-owned intermodal facilities to ensure the continuation of affordable and equitable intercity bus travel.