Stagecoach in North America
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Introduction
Stagecoach Group, the leading international transport specialist, manages bus and rail operations in the UK, North America and New Zealand.
Stagecoach is a significant player in the highly-fragmented North American transport market where there are several thousand operators.
We first entered the North American market in 1999 and, over the past two years, we have restructured our business.
Our North American operations are principally scheduled commuter services, although they also include tour and charter, sightseeing and school bus operations.
We cover three specific geographic areas: the North East, North Central and Canada and we believe these businesses offer good growth prospects.
Our North American portfolio has a proactive culture that puts safety and security at the top of our agenda.
Strategy
Stagecoach has a very clear strategy for its North American operations, focusing on: Specific geographic areas of North America Organic growth, with small bolt-on acquisitions Robust businesses with predictable revenue streams, including commuter and contract services Development of leisure products with good growth potential Targeted investment to drive growth Strict control of cost base
The improving economy in North America is now resulting in a recovery of revenues, particularly in leisure markets, which have significant upside potential.
Factfile
Annual fleet coverage 109 million miles Vehicles 2,800 Employees 4,600
Figure 1
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Future prospects
Stagecoach is committed to achieving further organic growth in its North American operations.
Among the initiatives we are looking to progress over the next 12 months as part of our plan to increase operating profits in North America are: