The claim is supported by a Philadelphia Enquirer article:
"Between 1997 and 2007, Greyhound lost 60 percent of its market share in the Northeastern United States to Chinatown buses, according to Brian Antolin, a Philadelphia transportation researcher, who has worked for BoltBus."
Full article here:
http://articles.philly.com/2013-08-08/business/41171232_1_megabus-boltbus-greyhound-express
If Greyhound was still running the same amount of runs... they had 60% less passengers onboard.
I don't think so, that would be throwing money away.
The claim is supported by a Philadelphia Enquirer article:
"Between 1997 and 2007, Greyhound lost 60 percent of its market share in the Northeastern United States to Chinatown buses, according to Brian Antolin, a Philadelphia transportation researcher, who has worked for BoltBus."
Full article here:
http://articles.philly.com/2013-08-08/business/41171232_1_megabus-boltbus-greyhound-express
If Greyhound was still running the same amount of runs... they had 60% less passengers onboard.
Not exactly. What actually happened was that they were getting the same number of passengers over a 10 year period ('97-'07), but the market grew by 60%. Because the ridership didn't grow much, they had to cut frequencies on Mo-Thurs service. The cuts were further accelerated by bringing Bolt online. They projected the "cannibalization" when they launched of "legacy" pooled schedules. But trust me when I say that no one in management ever expected the ridership numbers they got in the first two years.
While I can't quote exact numbers, I can say that the ridership numbers in total today are far and away greater now than in '07.
60%?! Now that I think about it, I think Greyhound did lose some ridership, but gained it back by now and gained even more through BoltBus and are trying to gain even more through YO! Bus. I don't think they lost 60%, but perhaps they lost 30% and then the market grew by about 30% or something like that. I know it's not exactly like that because of the base-100 fractions, but pretty much. Also, Peter Pan grew tremendously in the late 1990's after purchasing Bonanza, Arrow Line, and Pawtuxet Valley, whose buses were all committed to the NEC and ate away Greyhound local passengers from rural towns, further dilating Greyhound ridership.
No to mention the fact that Greyhound's G4500 disaster heavily affected the NEC which were some of the first routes to get them, and resulted in financial problems, which in turn resulted in cuts and fleet shortages, dilating more ridership. Greyhound's fleet shrunk about 1,000 buses between 2003 and 2009.