The Passenger Transportation Board has approved Greyhound’s proposal to eliminate nine routes across B.C. and the Yukon.
The decision includes Greyhound’s route from Fort Nelson to Whitehorse.
The bus company has said it can no longer subsidize losses on unprofitable routes with revenue from the more profitable routes in the province.
In a decision posted online Wednesday, the board said it can’t force a private business to suffer “significant financial losses indefinitely.”
“Greyhound said that if it eliminates 1.6 million scheduled miles, it can continue to provide 3.7 million scheduled miles of passenger bus service in central and southern B.C.,” the decision reads.
#BREAKING: Passenger Transportation Board approved @GreyhoundBus eliminating 9 routes across B.C., citing 30% ridership decrease along these routes = $35,000/day loss. Routes to be gone as of May 31: pic.twitter.com/wraqThpjqE
— Ashley Wadhwani (@ashwadhwani) February 21, 2018
Greyhound has said the nine routes set to be eliminated on May 31 have seen a 30-per-cent decrease in ridership over the last five years, amounting to a loss of $35,000 per day.
More to come.