Hallcon Corporation Acquires San Francisco’s Loop Transportation
Loop Transportation, Inc. and SFO Shuttle, Inc., currently operating as Loop, jointly announced that Hallcon Corporation has acquired both organizations.
Entering the commuter bus services business with eight vans four years ago, Loop now has over 300 shuttle buses and vehicles and transports over 29,000 people per day. The acquisition, the companies noted, “will enable the family-owned, forty-year-old transportation services company to expand its industry-leading commuter bus services beyond the Bay Area to markets across the country.”
Loop operates the eighth largest private bus fleet in the United States, and provides private employee commuter bus services to tech giants such as Google, Facebook, Apple and LinkedIn. In addition to employee commuter services, Loop also operates airport shuttles at San Francisco International Airport and Oakland International Airport.
In terms of scale, the commuter transportation industry has grown 87 percent in the Bay Area over last three years alone, and sustained growth is forecasted for the foreseeable future.
Category: Mass Transit
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