Coach USA, the largest privately owned bus company based in the United States, filed for bankruptcy on Tuesday to sell off business assets, citing “significant challenges.”
Chapter 11 was filed in the U.S. Bankruptcy Court for the District of Delaware “to facilitate sale processes to preserve jobs, ensure continued service, and maximize the value of its businesses,” the company said in a press release on June 11. “Following the COVID-19 pandemic, the company has faced significant challenges, as ridership and demand in the industry have remained well below pre-pandemic levels.”
