Laidlaw pulls into Florida with private contract
Article Abstract:
Laidlaw Inc. of Burlington, Ontario has won a private bus contract to operate 263 buses in Santa Rosa, FL, county. Although the value of the contract was not disclosed, the company said that Florida spends about US$600-million a year on school busing for students. According to the company's CEO James Bullock, if the company wins 60% of the private operators and maintains its market share, it would be able to double its revenue in school busing. The company generated nearly half of its C$3 million in revenue in the first three quarters of fiscal 1998, ended May 31, 1998, from its municipal transit and school bus unit.
Comment:
Has won a private bus contract to operate 263 buses in Santa Rosa, FL, county
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Laidlaw cuts costs to aid slumping unit
Article Abstract:
Laidlaw Inc., a pollution control services provider, intends to reorganize its healthcare services operations in an effort to enhance the unit's financial performance. The firm, which has displaced 700 employees from its ambulance services unit, has expressed plans to introduce key reforms in purchasing, payroll, as well as fleet maintenance. The move reflects the efforts of the company to save at least $15 million to improve profit margins generated from the healthcare services unit. The healthcare operations raised $1.66 billion for Laidlaw, most of which are derived from new acquisitions and not internal growth.
Comment:
Is set to reorganize its healthcare services operations in an effort to enhance the unit's financial performance
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Ailing laidlaw stock awaits treatment
Article Abstract:
Burlington, Ontario-based school bus and ambulance operator Laidlaw Inc. reported that weaker-than-expected results for its ambulance operations will drive down the profits of the company to between 10-13 cents a share for the quarter ended Feb 28, 1999. The company will also disclose restructuring plans for the ambulance division, which accounts for one-third of its revenues. Laidlaw will take an undetermined charge in the fiscal third quarter as a result of the restructuring, and will take a writedown of C$250 million of goodwill in the ambulance division.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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