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2 Comprehensive Cases

Comprehensive Case
PETER PAN BUS LINES: A TICKET FOR TRAVEL AND
ADVENTURE

I
f you have ever lived in or near a city and you needed to THIS BUSINESS IS A FAMILY AFFAIR
travel somewhere during rush hour, you’ve no doubt had After Peter C. Picknelly bought the limousine service “Yellow
the frustration of sitting in bumper-to-bumper traffic. Min- Cab Air Line,” he concentrated on expanding his routes and
utes tick by as you sit staring at the taillights in front of you the business. Soon he was offering daily service to more
that never seem to change from bright red. You have impor- than 100 cities throughout the busy Northeast transporta-
tant places to be but are stuck in the middle of what seems tion corridor in 150 motor coaches. Along with the growth
to be an endless stream of traffic. If only you could read or came a new name: Peter Pan Bus Lines. Picknelly chose the
relax during your trip, your valuable time could be used for name because Peter Pan was his favorite children’s story that
more worthwhile tasks. You’re not alone—millions of people he read to his young son and daughter, and the name
have faced the same problem. Some have opted for less seemed to capture perfectly the spirit of adventure and
hassle in the form of mass transit. From subways to trains to excitement that is possible through travel. The company has
bus lines, many commuters are leaving the driving to some- carried that name proudly ever since, emblazoned on the
one else and recapturing some of their precious time—and sides of its motor coaches.
sanity. The American Public Transportation Association Upon Peter C.’s death in 1964, his son, Peter L. Picknelly,
reports that people in the U.S. took 9.7 billion individual assumed the driver’s seat for the firm at the age of 33.
trips on mass transit in a recent year. Although that may seem fairly young for a person to head a
Or maybe you want some excitement and decide that a large business, Peter L. already had 14 years of experience
trip or tour would be terrific for you and your friends. You working for the company. His knowledge of the day-to-day
decide that a road tour or charter fits both your budget and workings of the firm served him well as he looked to build
schedule. New York City, Washington, DC, or Philadelphia on his father’s legacy. To attract new customers, he offered
are all great places for fun and adventure. Why not consider one-day trips during the year of the 1964–1965 World’s Fair
booking a bus charter? and upgraded his fleet. That high-profile service soon drew
Rolling to the rescue is Peter Pan Bus Lines, the largest 40,000 passengers. He also expanded the firm into Peter Pan
privately owned bus company in the United States. The World Travel, offering charters and group tours, as well as
Springfield, Massachusetts–based firm has been providing real estate holdings of the Monarch Place office complex
safe, convenient, clean, and comfortable travel services since and Falcon Hotel Corp., owner of several upscale hotels in
its founder, Peter C. Picknelly, bought two Buick seven- Massachusetts. That part of the business now generates
passenger limousines for $4,500 in 1933. With its first routes $70 million in revenue. The company also operates four
from Northampton, Holyoke, and Springfield in Massachu- major maintenance facilities through its Coach Builders busi-
setts to Stafford Springs, Connecticut, the company began a ness, which provides coach refurbishing and body shop work
legacy of service to its passengers that continues to this day. to its own fleet and others. Now under the umbrella of the
Peter Pan now transports 4 million passengers and has gross Peter Pan Group, the company holds nearly $200 million in
sales of more than $100 million a year. But how did such a gross business assets.
small company grow so dramatically? The story is one of But despite divergence into other lines of business, no firm
hard work, vision, optimism for the future, a little luck, and can succeed without a guiding vision, and Peter Pan is no
above all, a family commitment. Some would say it is a fairy exception. Its survival depends on the quality of the service it
tale come true. provides. The company’s Web site defines its mission this way:
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Peter Pan Bus Lines is committed to providing the best links to other major mass transit hubs, such as the Massachu-
transportation service in America. We will accomplish our setts Turnpike Authority, New York’s Metropolitan Trans-
mission by adhering to the five cornerstones upon which portation Authority, and several college campuses in the
Peter Pan was founded: region, such as The University of Massachusetts and Amherst.
• Safety The firm also is a member of Trailways national network of
• Quality motor coach companies and has an affiliation with Grey-
• Dependability hound Lines for service to a broader market. For those who
• Satisfaction travel for pleasure, the firm offers tour and charter services
• Fairness for sightseers and those who want to try their luck at a
casino, links to major cruise lines such as those located at the
Those cornerstones provide a foundation for the company’s New York Port Authority, links to major air carriers, and one-
values and beliefs and help focus all employees on their pri- day and extended travel trips including hotel accommoda-
mary goal—building lasting customer relationships through tions and meals. The firm’s charter group service can also
service. In fact, the company is out to prove to its riders that transport travelers anywhere in the United States, Canada,
they are “one of the family,” too. or Mexico.
After Peter L.’s retirement in 1992, control of Peter Pan Despite its upscale image, the company hasn’t neglected
Bus Lines passed to a third generation of the Picknelly fam- its budget-conscious customers. Peter Pan offers major dis-
ily, with Peter A. as president and siblings Melissa and counts ranging from 10 percent to seniors 62 and older
Thomas heading the tour and maintenance divisions. All holding a Senior Saver Card, 15 percent to college students
three continue to steer Peter Pan through some tough busi- owning a Student Advantage Card, and 40 percent for up
ness obstacles and distinguish the bus line from its competi- to two children under the age of 11 traveling with an adult.
tors. Peter Pan is essentially a service business—its core busi- As mentioned before, even with an eye toward efficiency
ness is providing transportation, on-time deliveries, and and economy, Peter Pan owns one of the most modern
courteous service from ticket agents to drivers and tour fleets in the industry, and it constantly buys new wide-body
operators, which the company calls “People Professionals.” buses and refurbishes its existing buses so that they are
But Peter Pan also offers goods in the form of attractive ter- welcoming and comfortable. All contain wide aisles, large
minals and clean, modern buses—the company continually viewing windows, and comfy seats, with overhead luggage
buys the newest and best motor coaches available and sells storage bins.
off its old ones. All staff members work hard to convey the Groups who book a charter can travel in the one of the
image of a premium transportation company. Its Web site firm’s VIP Coaches—luxury coaches complete with kitchen-
boasts, “Peter Pan has established itself as an industry pace- ettes, roomy lavatories, audio and video equipment, satellite
setter in engineering, esthetics, and most of all, passenger and computer links for PCs and cell phones, and plush sofa
satisfaction and safety. . . . When you choose Peter Pan, you and swivel-chair seating for groups of up to 25. For sight-
can feel confident that you have chosen the best personnel, seers in the Springfield area, the company also operates
service, and equipment available.” authentic red double-decker British tour buses that can han-
dle 72 passengers. For those seeking an out-of-the ordinary
SATISFYING ITS CUSTOMER BASE mode of travel, the company refurbished a Futurliner bus
Peter Pan is a regional carrier, focusing its main efforts on first exhibited at the 1939 New York World’s Fair. The bus’s
service in the northeastern United States. Its major ridership sleek horizontal chrome panels and rounded Art Deco con-
draws from several groups: commuters, college students, the tours are perfect for those seeking a retro travel experience.
elderly, and fun seekers of every age. The line offers regular
service to many cities in the Northeast, but the most popular BUSINESS AND COMPETITIVE
routes include those in its Daily Express Service to Washing- ENVIRONMENT IN THE
ton, DC; Silver Spring and Baltimore, Maryland; Wilmington, TRAVEL INDUSTRY
Delaware; Philadelphia, Pennsylvania; New York City and Like its cousins, the airline, trucking, and railroad industries,
Albany, New York; Hartford, Connecticut; and Amherst, the bus industry also underwent deregulation with passage
Boston, Framingham, Northampton, Springfield, and Worces- of the Bus Regulatory Reform Act of 1982. Although the act
ter, Massachusetts. Aside from its own routes, the company did not completely deregulate the industry, it did loosen
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federal and state governments’ grip on carriers, allowing adopted country. When his father died in 1907, Peter C.,
more businesses to enter profitable markets, to drop unprof- though still a teenager, assumed the responsibility for his
itable routes, and to set flexible prices. Deregulation opened family and used his energy and talents to better their situa-
the market, giving customers more choice and bus lines tion in life. At one point, he received a $4,500 gift from his
more freedom to adjust their operations—while still watch- employer that would change the course of his and his fam-
ing the bottom line. Although carriers may not operate ily’s life forever—he used that money to purchase the origi-
globally, changes in the pricing or availability of raw materi- nal limousine company that eventually became Peter Pan. It
als and the nation’s economy can still ripple down to busi- is said that Peter C.’s planning and negotiating skills with
nesses at the local level. For example, the nation’s general business, political, and civic leaders truly forged the com-
prosperity and economic cycles affect the income passengers pany’s success in its first 30 years.
have to spend on travel, so they evaluate their options, After Peter C.’s death in 1964, the company’s manage-
weighing the benefit they receive against the money they ment passed to Peter L. Picknelly. The son was up to the
must expend. Also, major fluctuations in fuel prices can sig- challenge, having seemed to inherit his father’s ambition
nificantly cut into transportation companies’ profit margins, and will to succeed. He was the driving force that shaped
but bus lines cannot always recoup those costs through fare Peter Pan Bus Lines for its next 30 years—first as its president
increases. Fierce competition from rivals forces firms to hold and then as chairman of the board. Business was in his
the line on prices. blood, and stepping back later in his life proved difficult. In
As with other travel industries, Peter Pan has encountered fact, after his supposed retirement as chairman in 1992, the
competition in its highly profitable Boston-to-New York entrepreneur came back from Florida in a few months. He
route by other bus lines operating between Boston’s and returned to oversee both bus line and real estate holdings
New York’s City’s Chinatown areas. Peter Pan maintains that that were now run by his sons and daughter. He played a
those limited bus lines have an unfair advantage, providing pivotal role in crafting an estimated $150 million alliance
regularly scheduled intercity service in violation of federal with Greyhound Lines, the nation’s largest bus company, to
requirements because they only have a charter service regis- share ticket sales throughout much of the Northeast. Under
tration. Bus companies that operate across state lines must his direction, the company also instituted the double-decker
register with federal regulators, have documented safety bus tours through Springfield, as well as tour boat rides on
controls, and carry a minimum of $5 million in liability insur- the Connecticut River. Perhaps his biggest achievement,
ance. Also, Peter Pan must pay significant fees to board pas- though, was the company’s diversification into real estate
sengers at Boston’s South Station and New York’s Port with the $24 million purchase of the 26-story Monarch Place
Authority, which competitors are currently skirting by load- office tower and Sheraton Hotel complex—prime urban
ing passengers in designated tour bus areas. Some bus lines properties. He didn’t rest after the purchase, however, con-
have received hefty traffic fines as a result of this practice. centrating on building the facility into a premier regional
Robert Schwarz, Peter Pan’s executive vice president com- attraction. The family’s other real estate holdings expanded
ments, “We don’t have a problem with competition, as long to include a historic office complex called Harrison Place, a
as we’re on an even playing field.” In response to the pres- parking lot and garage complex, a bus terminal and historic
sure from the so-called discount carriers, Peter Pan has trolley barn, and a stretch of riverfront land.
dropped its prices from $35 to $15 for a one-way ticket on One of the keys to Peter L.’s drive stemmed from his
that route. often-stated love of his hometown; the company still main-
tains its headquarters in Springfield, despite some advice to
HARD-DRIVING MANAGEMENT STYLE move it elsewhere. And the family has continued his tradi-
SHAPES AND EXPANDS THE COMPANY tion of expansion. In 2003, Peter Pan bought five U.S. tour
Any family-owned business naturally takes on some charac- and charter bus companies from Scottish firm Stagecoach.
teristics of it founders, and Peter Pan was first molded by Current President Peter A. Picknelly commented, “This acqui-
Peter C. Picknelly, who immigrated to the United States from sition allows Peter Pan to enlarge our footprint in New Eng-
Italy at the age of seven in 1899. Peter C., as he is now land and virtually doubles the size of our company by
called, learned at an early age the value of hard work. His adding complementary elements to our core business.” The
father was employed by the Department of Public Works in firm is also building two new upscale hotels in western Mass-
New Jersey and taught Peter C. about the growing impor- achusetts: the Park Plaza Hotel and the Hilton Garden Inn in
tance of roads and the amazing new motor vehicles to his Worcester. So the family continues to follow in Peter L.’s
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Picknelly’s footsteps; he was once quoted as saying, “What I England Patriots football team and the University of Con-
do when I get up in the morning, if I don’t drive a bus for necticut men’s and women’s basketball teams. The carrier
the day, I do something in real estate.” received free, favorable publicity in the media after the
At the turn of the 21st century, Peter L. mentioned his Patriots won Super Bowl XXXVIII and both basketball teams
dream of making Peter Pan America’s largest bus line, and won national college championships. “Our new graphic
he almost made it—the company is the largest privately design received a lot of exposure this year when we trans-
owned bus company. He was known as a tough businessman ported the teams during their playoffs. . . . Maybe it was a
with a soft personal touch. He believed in the value of hard little bit of good luck on our part,” said Goldberg. In addi-
work, often working late into the night and attending many tion to unpaid publicity, the company launched a new
business and charitable community events. His company and newspaper ad campaign, featuring Peter Pan’s new buses
employees seemed to thrive under his hands-on manage- and a lower $20 one-way fare between Washington, DC,
ment style. He noted in one interview that the bus line and New York.
made its first $1 million in annual sales in 1963 but by 1998, The company also offers branded travel merchandise for
the company sometimes made $1 million during a big week- sale on its Web site. Customers can choose from a variety of
end. By any measure, that is a significant achievement. accessories such as an unbreakable stainless travel mug,
As with many entrepreneurs who accept risk in order to backpacks and duffel bags, and insulated lunch bags and
build their dreams, Picknelly did so, too. In fact, the license thermoses. Those with a bit more spare change might opt
plate on one of his four Rolls Royces read “GAMBLE.” With for a travel clock, gold medallion watch, sweatshirt, jacket,
Peter L.’s death in 2004, the entrepreneurial torch was or denim shirt. All products sport the company’s signature
passed to his children, who continue to operate the busi- logo. Personalized gift certificates can also be purchased at
nesses today. The family tradition continues under their the site to spread a little Peter Pan cheer.
management. The company’s Web site describes it this way:
“The company holds fast to the ideals upon which it was USING TECHNOLOGY FOR CUSTOMER
founded because a Picknelly still mans the helm.” SERVICE AND FINANCIAL MANAGEMENT
Some may consider a bus line to be a low-tech business—
MARKETING PETER PAN: CAPITALIZING after all, it seems to operate the same way from decade to
ON THE VALUE OF A BRAND decade. How much can bus travel change? In reality, the
The current generation of Picknellys continues to promote operations behind the scenes must be cutting-edge to pro-
its company name and image to current and prospective cus- vide flawless, invisible, superior service to riders. Customers
tomers. Capitalizing on the excitement and adventurous can see the company’s high-tech touch during their trips in
character of its storybook namesake, Peter Pan Bus Lines has the form of cellular and walkie-talkie two-way communica-
established a recognizable brand that stands out from its tions that keep its drivers connected to dispatchers 24/7. The
competitors. The company is known for its on-time service, company is also testing global positioning system (GPS) satel-
modern bus fleet, and convenient terminal locations. But lite software on 16 new coaches. The constant flow of com-
relying on past success doesn’t mean that the company munication and information keeps both individual drivers
stands still in the face of needed change. For a decade or so, and branch offices up to speed on current conditions and
the company placed characters from the Peter Pan story on improves the company’s on-time performance so critical to
the sides of its buses to provide a friendly face to all its rid- passengers.
ers. But after a recent major purchase of 50 modern coaches Recently, Peter Pan upgraded its company Web site by
and based on a suggestion from its Boston operation, which hiring a local consulting firm called Rubberneck to com-
wanted to appeal to its convention, cruise ship, and corpo- pletely redo its site, by revamping its shopping cart capabil-
rate clients, the company commissioned a new graphic ity, developing its database, providing routine maintenance,
design for its brand and used it as a decal on its bus exteri- and hosting its site. Peter Pan wanted to improve its effi-
ors. Director of Marketing Michele Goldberg says of the ciency and customer service and streamline its online ticket-
logo, “Management liked the new design so well, it was ing service. Rubberneck started with the site’s shopping cart
decided to rewrap our entire fleet.” capability, reversing it within one month to streamline
In addition to its new corporate image, the bus line has online ticket and merchandise purchases. Peter Pan can
benefited from its alliances with major national and regional now add and remove items on its site instantly in response
sports teams. Peter Pan is the official carrier of the New to changing market conditions. In addition to traditional
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paper tickets sent through the mail, Peter Pan now offers are instructed to pull over immediately and contact the dis-
an e-ticket service to customers who prefer to pay online. patch office.
The e-tickets are nonrefundable but can be used on any But the security landscape changed drastically—and for-
schedule the company offers. Rubberneck is also working ever—after the terrorist attacks of September 11, 2001. All
with the bus line to develop Web marketing features such travel companies had to respond immediately and decisively
as customer tracking and mass e-mail systems to gather to increased security needs, and Peter Pan Bus Lines quickly
basic customer browsing habits and respond to customer adapted to its new environment. Not waiting for government
questions and feedback. In fact, the company Web site offers intervention, the company leapt into action to completely
a convenient “For Pete’s Sake” feedback form that cus- revamp its security procedures. The company’s safety directors,
tomers can fill out. Or customers can e-mail the company Chris Crean and John Stiles, headed the effort to redesign the
a message at customerservice@peterpanbus.com, if they company’s operations from the ground up—from ticketing
prefer. Getting to know its customers and their preferences and loading passengers to luggage security, control of access
helps keep passengers happy—and develop long-term cus- to bus maintenance facilities, and increased communications.
tomer relationships. Critical to the redesign was the endorsement by the com-
An important feature of the Web site is the information it pany’s top executives. That top-level mandate was needed to
provides on terminal locations, routes, and fares. At the click help change some employees’ entrenched practices and the
of a mouse, customers can find the nearest terminal among culture of the firm. In an industry with such a long history, it is
the company’s roughly 50 locations. They can also search the understandable that some employees might resist change and
company’s schedules, view maps, and learn about fares and adopt the “we’ve always done it this way” mentality. But the
discounts and reservations policies. Customers can obtain vital safety needs of the passengers after 9/11 overrode all objec-
travel information at their convenience. tions, and the company’s top executives mandated and rein-
Behind the scenes, Peter Pan uses information systems in its forced change. The message from the top carried through to
critical business functions of charter, tour, and line runs; vehi- middle managers and all employees.
cle maintenance; accounts payable; and general ledger. The James Stiles mentions a unique idea he had while on
company adopted its new information system when it was vacation in Northern Ireland. It struck him that the Irish have
faced with integrating into its existing operations the opera- had to deal with terrorism for a long time and that Peter
tions of five new bus lines—Arrow Lines, Bonanza Lines, the Pan might learn from Irish bus companies’ business practices
Maine Line, Pawtuxet Valley Lines, and Coach USA Boston— and so avert mishaps. The company benchmarked their best
that it purchased in 2003. The new, unified computerized sys- practices to learn from their Irish counterparts, and Crean
tems streamline operations by instantly capturing transaction and Stiles came away with some helpful guidelines and sug-
data, purchases, and expenses. And data are available on each gestions. The goal at Peter Pan’s safety department was to
of the company’s branches instantaneously so that managers ensure that security and safety practices became an integral
can keep their fingers on the pulse of the company at all times. part of Peter Pan’s everyday functions, something the Irish
bus companies had already accomplished.
A CHANGING LANDSCAPE: Communication now flows throughout the company so
RESPONDING TO TODAY’S SAFETY AND that the driver supervisors in the dispatch offices know the
SECURITY NEEDS location of each bus at all times and who is on it. All coaches
Safety has always been a concern for Peter Pan. After all, are secured, locked, and under constant watch. The two-way
passengers’ trust is fundamental to the success of a trans- communications with all bus drivers during their routes or
portation company. Data from the National Safety Council tours allows everyone to be aware of any hazardous situa-
and the U.S. Federal Highway Administration indicate that tions, whether it be bad weather systems, a possible hostile
the intercity motor coach industry is consistently one of the passenger, or unforeseen events such as the tragedy of 9/11.
safest modes of transportation. Peter Pan has continually Peter Pan’s commitment to providing information to all
received the Department of Transportation’s highest safety employees is central to its need to remain on top of—and in
rating and has been recognized by the Department of control during—unexpected events.
Defense for its safety achievements. Its drivers are profes- Today, the safety department conducts regular safety and
sionally trained and enrolled as members of the National security training and retraining seminars with all employees,
Safety Council. And in the event of any emergency, drivers and the company has drafted and distributed a written
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safety plan covering every imaginable scenario. Employees With the increased security measures and closing of some
constantly refer to the manual as questions arise and direct Boston transit stations during the convention, bus lines sur-
any questions or concerns to the safety department. Such veyed their regular commuters to see whether they would
support and reinforcement in the form of training and writ- be affected by the changes. In most cases, about half the
ten policies and procedures allows employees to react imme- commuters decided not to do their regular commute that
diately and correctly in tense or difficult situations. week. But bus lines found that that drop in ridership was
New screening procedures for passengers require photo offset by increased convention service. No major incidents
identification at the time of ticket purchase and check-in. No were reported during the week, and the convention went
unattended luggage is allowed in the terminals; passengers off without a hitch. Peter Pan Bus Lines and other carriers
must remain with their bags until they are loaded. Also, all plan to do whatever they can to keep it that way.
luggage and bags must be tagged, and the company pro-
vides ID tags at the ticket counters. Once luggage is loaded, QUESTIONS FOR CRITICAL THINKING
all of the bus luggage hatches are closed and sealed with 1. Peter Pan Bus Lines is a family-owned business. Consider
color-coded cable ties to ensure that they have not been the company from a strategic business standpoint. Make
tampered with after they are secured. Once completely open a list of all the advantages and disadvantages you can
to outsiders, the maintenance barn now has a strict no- think of to being family run. Do you think family-owned
visitors policy, and in the unlikely event that a stranger could firms are a good idea?
get into the facility, employees are immediately instructed to 2. Review the personal characteristics and management
confront the stranger and ensure he or she exits the area. styles of the company’s two main founders, Peter C. and
One pitfall that Peter Pan wanted to avoid was customer Peter L. Picknelly, as described in the case. How well do
profiling—denying service to someone based on his or her their personal characteristics fit with those of typical
appearance, race, or ethnicity. The safety directors empha- entrepreneurs?
size that the company is in the business of providing service, 3. Peter Pan Bus Lines operates in what many would con-
and selecting and rejecting passengers would doom the sider a low-tech industry. But the company uses some
company. They ensure that employees understand that their high-tech information and communications systems. How
role is not one of enforcing compliance, such as a law has technology benefited Peter Pan and its customers?
enforcement officer might do. Instead, employees are 4. The terrorist attacks of 9/11 completely altered Peter
trained to resist and reject profiling, since the company’s Pan’s business environment. How did it respond to the
reputation for consideration and fairness must be at the possible threats and ensure customers’ safety? Do you
forefront of all its employees’ actions and words. think the company did a good job of making its
During the recent Democratic National Convention in changes?
Boston, Peter Pan and other transportation companies got
to test their new security procedures. Officials of the federal Sources: Peter Pan Bus Lines Web site, http://peterpanbus.com, accessed
government, particularly the Transportation Safety Adminis- December 1, 2004; “Historical Ridership Trends,” American Public Transporta-
tion Association, www.ata.com, accessed November 12, 2004; “Client: Peter
tration (TSA), were concerned with possible terrorist or vio- Pan Bus Lines,” Rubberneck Web site, www.rubberneck.net, accessed
lent mob actions that could disrupt the convention. So, November 12, 2004; “Springfield Business Leader Dead at 73,” The Republi-
transportation companies began instituting heightened can, October 4, 2004, www.masslive.com; Jay Fitzgerald, “Buses Expect DNC
Drop in Commuter Numbers,” Boston Herald, July 21, 2004, http://business
safety checks, such as random bag searches and luggage .bostonherald.com; Anthony Flint, “Searches Under Way on Buses to Hub,”
checks with bomb-sniffing dogs. Some companies, among Boston Globe, July 8, 2004, www.boston.com; “Western Massachusetts
them Peter Pan Bus Lines, met with TSA officials to discuss Entrepreneurship Hall of Fame: Peter C. Picknelly, Peter L. Picknelly,” Scibelli
Enterprise Center, Springfield Technical Community College, http://sec.stcc
their security plans and inspections, although the depart- .edu, June 3, 2004; Greg Gatlin, “Chinatown Buses Colliding with Law, Rivals,”
ment did not issue any blanket directives to carriers. As they Boston Herald, May 14, 2004, http://business.bostonherald.com; Lisa Clif-
carried out their new procedures, companies wanted to ana- ford, “Stagecoach Nears U.S. Bus Sale,” The Daily Deal, April 24, 2003,
accessed at www.findarticles.com; “Peter Pan Goes through Growth Spurt,
lyze the effect on passengers—to determine what was effec- Adds 12 More MCI J4500 Coaches,” Motor Coach Industries press release, April
tive and what intrusion was necessary. Customers were 16, 2004, www.mcicoach.com; Margaret Walsh, “The Bus Industry in the
informed of the new security procedures during the conven- United States,” Economic History Encyclopedia, Robert Whaples, ed., January
28, 2003, http://eh.net/encyclopedia; “VERSYSS Provides a Smooth Transi-
tion, handed fliers explaining them, and assured that no spe- tion as Peter Pan Acquires Five New Companies,” VERSYSS press release,
cific threats had been received. Spring 2003, www.versyss.com.

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