Fleet of Greyhound buses for sale after the company closed all Canadian operations permanently

A fleet of Greyhound buses is up for auction after the company announced it closes Canadian operations in May this year.

Corporate Assets Inc., the auction company hosting the listing, has released details of an auction for 38 “exceptionally maintained” motor vehicle models, including some with wheelchair functions, leather seats, built-in multimedia screens and toilets on board.

The auction will take place on January 18, 2022 at. 10.30 kl. 685 Lakeshore Boulevard East.

A spokesman for Corporate Assets Inc. says this is a unique option, and “this kind of bus does not show up very often.”

Ryan Haas, owner of Corporate Assets Inc., says buyers can be end users, dealers or resellers.

“This is the first opportunity and the first time that Greyhound has ever released any of their buses for auction. And we are very grateful that we were selected to be the company to handle this for them,” said Haas.

Some vehicles have interior leather seats and toilets on board.  Corporate Assets Inc., the auction company hosting the listing, has released details of an auction for 38 motor vehicle models.

In May 2021, Greyhound Canada announced the company would close its remaining Canadian routes in Ontario and Quebec.

In a press release, the company blamed the decision for a significant drop in the number of riders and the corresponding loss of revenue.

An increase in car-sharing and low-cost airlines, combined with deregulation and subsidized competition from companies like Via Rail, disrupted Greyhounds’ near-monopoly on intercity transportation. The company closed its business in western Canada in 2018.

The routes in Ontario and Quebec were the last remaining routes on the national bus line that took passengers between Ottawa, Montreal, Toronto and many surrounding cities.

The impact of the pandemic was brutal, COVID-19 restrictions reduced the number of Greyhound riders by 95 percent of normal amounts before the operations were completely suspended last year.

“Our service depends on the fare – we are not able to maintain operations with a significant reduction in passenger numbers and the corresponding loss of revenue,” the company said.

Greyhound buses will be auctioned off by Corporate Assets Inc. after the company closed Canadian operations in May 2021.

John Di Nino, president of the Amalgamated Transit Union, says that Greyhound buses were widely used by remote indigenous communities as well as college and college students because it was the most efficient and cost-effective way to travel.

“Something that people do not recognize are the Greyhound buses that not only carried passengers. Sometimes they transported essential goods, such as blood and blood by-products for agencies like the Red Cross, into some of these remote communities. So it was not just about shopping. about people, it was about the overall service they provided, ”said Di Nino.

The closure resulted in more than 300 lost jobs, according to Di Nino.

Greyhound Canada was founded nearly a century ago to connect rural areas with urban centers throughout North America. The closure was a blow to remote areas that rely on a patchwork of private bus companies for mobility.

Corporate Assets Inc. say interested buyers must fill out a form and provide a deposit of 25 percent of the total purchase amount by bank transfer.

The auction company says all assets must be removed by February 18, 2022.

Featuring files by Ivy Mak, Breanna Xavier-Carter and Ben Cohen.


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