Word: greyhound
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...have withdrawn from bus-building since 1925, and no new company has come into the field since 1946. The Government asked the court to "perpetually" prohibit G.M.'s monopolistic practices, and to enjoin G.M. from supplying more than 50% of the bus requirements of four principal bus operators (Greyhound Corp., National City Lines, New York City Omnibus Corp., Public Service Coordinated Transport...
Into the booming auto rental business last week drove a husky newcomer. Greyhound Corp., the biggest U.S. bus line, is forming a car and truck renting subsidiary to be called Greyhound Rent-A-Car, Inc. Concentrating at first on long-term leasing of car and truck fleets to business firms, it will move into hourly and daily rentals to individuals early this summer. The twelve-month goal of Greyhound's new president, ex-Railroader Arthur S. Genet (TIME, Nov. 14), is a fleet of 10,-ooo cars and trucks, third largest in the rental business...
...Corp., with a fleet of some 33,000 company-owned or franchised vehicles operating out of 717 cities in 22 countries. Hertz's leading competitor is Avis Rent-A-Car System, with roughly 15,000 cars and trucks. But business is so good that neither is worried by Greyhound's entry into the field. Says Avis' President Richard S. Robie: "We've only scratched the surface of this business. The potential is tremendous. The only competition we have is from the man who drives his own car or truck...
...stripped-down Chevvy. The 40-passenger coach weighs only 16 tons, v. 65 tons for an 80-passenger conventional coach. Construction costs were kept down by using G.M. components already in production, e.g., coach side panels and air bellows suspension were lifted from the bus G.M. makes for Greyhound. Result: the entire ten-coach train and engine can be mass-produced for an estimated $600,000, v. $1,700,000 for a conventional train...
...Arthur S. Genet, 46, a railroader, was named president of Greyhound Corp., biggest U.S. bus company. He will succeed Orville Swan Caesar, president since 1946, who will move up to board chairman. Genet, whom Caesar hails as a "wizard in the field of traffic promotion," was born in Manhattan, became controller of New York's Central Coal Co. Inc. at the age of 30. He began his railroading career in 1943 as an officer of National Carloading Corp., became its president (at 35) a year later. In 1946 he became assistant vice president of the Chesapeake & Ohio Railway...