Greyhound Bus is owned by UK company FirstGroup.

FirstGroup has been trying to sell Greyhound.

https://www.marketwatch.com/st...rite-down-2020-07-09

Greyhound owner says Trump rhetoric caused less immigration, forcing $156 million write-down

President Donald Trump’s comments on immigration contributed to a £124 million ($156 million ) hit for the budget intercity coach operator Greyhound, an executive at its parent company FirstGroup says.

President Trump’s comments on immigration, including about building a wall between Mexico and the U.S., caused a drop in immigrants crossing the border, which is a significant source of income for the company, FirstGroup’s finance director told MarketWatch.

Greyhound is the only national intercity coach operator in the U.S. and immigration is an important profit driver for it as new arrivals often use Greyhound coaches to travel to their final destinations.

“At the back end of 2019 into the start of 2020, the immigration flows coming out of Mexico into the U.S. were incredibly strong,” said Ryan Mangold. FirstGroup’s financial year ends in March.

“Donald Trump’s rhetoric then on anti-immigration and the wall that he wants to build across the across the border of Mexico had meant that a huge number of those immigration flows…coming out of the south and going into the U.S. almost evaporated over a very short period of time based on U.S. policy,” he said.

FirstGroup said it had reduced Greyhound’s value by £124.4 million in November at its half year results.

“This principally reflects the decline in immigration related flows on the Southern U.S. border states in the second quarter,” it said, also citing increased competition on some routes.

Once immigrants arrive in the U.S. they don’t just stop in Texas, Mangold said, taking long distance journeys to cities such as Seattle and Chicago.

FirstGroup’s FGP, -3.11% share price fell 23% on Wednesday after it announced a £300 million loss for the year to March, including the write-down on Greyhound.

Greyhound buses are disgusting. Imagine Walmartians on wheels. I had to go from Fredericksburg, VA to the Port of Charleston, SC on one and I'll never even look in the direction of a Greyhound bus. Glad they're hurting.

Horse shit.

Illegals don’t ride greyhound, they take charters from area to area to pick foods.

The company in Wilson is called “Adame”, busses roll into town two or three times a week from FL,GA,AL,TX

The farmers use them to pick foods. They come into town and go live on the farms in metal shacks almost like chicken coops. And on Saturday and Sunday it’s Mexican day at Walmart.

If the border patrol wanted to get em, all you gotta do is roll up to Walmart on a weekend and look at the old school busses in the parking lot. It’s like that all over the south where illegals do migrant work in the farming industry.

Check Western Union remittances records. That's a better gauge.

I have no idea whether the article is true or not, but if their business is that dependent on illegal immigration, I have great difficulty mustering any sympathy for them.

when illegals are processed, given a hearing date, and released, many of them ride the 'Hound to cities where they have relatives.

If a chunk of your "business model" is based in any way on something "illegal", it might be time reassess things...

quote:

Originally posted by stoic-one:
If a chunk of your "business model" is based in any way on something "illegal", it might be time reassess things...

And yet there are a number of huge, multi-billion dollar industries in this country that would mostly crumble without a steady supply of illegal labor. These include produce (fruits/veggies), construction, and meat processing, to name three big ones. There are quite a few companies in these industries (and others) whose business model is based on "something illegal".

quote:

Originally posted by RogueJSK:
And yet there are a number of huge, multi-billion dollar industries in this country that would mostly crumble without a steady supply of illegal labor.

Agree, but I wonder (often, and aloud) how long the "crumble" would last.

Legal workers did all of those jobs at one point, before the surge of social "safety nets" that allow the otherwise able to make a lifetime calling of... well, NOT working. First, legal "temporary worker" immigration programs filled the void, then illegal immigration.

But for those programs, the work WOULD be done by U.S. workers. Granted, it would be more expensive because employers would have to pay a) competitive wages and b) taxes. But on the plus side, every dime of those wages and taxes would stay here in the U.S. economy, rather than streaming south in remittances to the "people at home."

As to Greyhound: As far as I can tell, it exists solely to provide a means for unescorted Federal prisoner transfers, transport for illegals, and way for fugitives and registered offenders who don't want to show ID to travel in modern steerage class. Not a bad plan, actually, because they've cornered each of those niches.

(When I did "bus interdiction" back in the 90s, I was more surprised when I encountered somebody OTHER than one of the above.)

Crumble, right. Several of the large meat packing companies are going to robotic processing. It's cleaner, safer, and cheaper in the long run. I believe that many other industries that depend on illegal aliens will find other solutions.

So picking always used migrant pickers. At least, going back a hundred years or more. They’d follow the crop north and then go home. It was border control issues which made them stay here.

There just aren’t enough people in most ag areas to be labor.

Most pickers make about $15 an hour or so - and even in ‘08, no one could get pickers.

Frankly, with all the bs we have now, if anyone who makes less than 40 or so is working, it’s because they want to.

Same with construction, in many places. It’s not that the Mexicans are being poorly paid. It’s that, in general, they are a much better worker. Tradesmen are very well paid these days, but no one is willing to do the work. (Commercial refrigeration helpers in SC get $27/hour, the main people get ~85-100 - and they can’t get anyone. )

quote:

Originally posted by darthfuster:
Check Western Union remittances records. That's a better gauge.

I understand a notable portion of the Mexican GNP is money sent by Mexican nationals living in the US.