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Escort sells bus routes

19th July 1990, Page 14
19th July 1990
Page 14
Page 14, 19th July 1990 — Escort sells bus routes
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Which of the following most accurately describes the problem?

• Middlesbrough independent Escort Coaches has sold its bus routes to Caldaire North East in a move which allows CNE to consolidate its services.

Escort has operated four buses on two profitable services from Middlesbrough to Marton and Nunthorpe since deregulation in 1986. Both services competed with Cleveland Transit and CNE subsidiary Tees & District.

Only the service registrations and goodwill has been sold to CNE; no vehicles or staff are involved. Escort runs a number of high-spec Continental tour coaches and selling the bus services frees it to expand its coaching operation.

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