Corporations: Greyhound's New Route

As the nation's biggest intercity passenger carrier, with a 102,181-mile route network covered by 5,422 buses, the Greyhound Corp. could presumably leave well enough alone with its slogan: "Leave the driving to us." But it hasn't. Over the past five years, Greyhound has reached off the highway to buy nine firms, set up a dozen more on its own. Among other things, it now leases locomotives and jetliners, runs tours, caters food, rents computers, writes insurance. And in Los Angeles last week, President Gerald H. Trautman promised that the company would continue "actively...

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