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Federal Register / Vol. 63, No. 69 / Friday, April 10, 1998 / Notices
Airport Limousine Service, Inc. and Black Hawk-
Central City Ace Express, Inc., STB Docket No. MC–
F–20917 (STB served Mar. 13, 1998), in which it
seeks to acquire control of two additional motor
passenger carriers.
2 Metro is a Michigan Corporation. It holds
federally issued operating authority in MC–276823
and intrastate operating authority issued by the
Michigan Department of Transportation. The
majority of its revenues are derived from its services
between the Detroit Airport and points in Michigan
and Ohio, and its gross revenue for fiscal year 1996
was approximately $6.6 million. It operates 75
sedans, 14 vans, 8 limousines, and 5 buses and
other passenger vehicles. Prior to the transfer of its
stock into a voting trust, it had been owned by
Cullen F. Meathe and A. Gregory Eaton.
acquire control of Metro 2 through the
acquisition of all of its stock.
Applicant submits that there will be
no transfer of any federal or state
operating authorities held by Metro. It
asserts that Metro will continue
operating in the same manner as before,
and that the acquisition of control will
not reduce competition in the bus
industry or competitive options
available to the traveling public. It states
that Metro does not compete with any
Coach-owned carrier. Applicant submits
that Metro is relatively small and faces
substantial competition from other bus
companies and transportation modes.
Applicant also submits that granting
the application will produce substantial
benefits, including interest cost savings
from the restructuring of debt and
reduced operating costs from Coach’s
enhanced volume purchasing power.
Specifically, applicant claims that Metro
will benefit from the lower insurance
premiums negotiated by Coach and from
volume discounts for equipment and
fuel. Applicant indicates that Coach will
provide Metro with centralized legal
and accounting functions and
coordinated purchasing services. In
addition, it states that vehicle sharing
arrangeme