hitting the breaks

Once-popular bus service departs Houston and Texas after bankruptcy filing

You won't be seeing any Megabus vehicles traversing Texas highways any more. Photo via Getty Images

Texans lost a more sustainable way of traveling the Lone Star State this month.

Megabus, the cheap and efficient bus company that offered rides for as low as $1, has ended service across Texas, including all routes operating between Austin, Dallas, Grand Prairie, Houston, and San Antonio.

According to a notice on the company's website, they shut down the Texas routes on August 16 as part of a set of new nationwide route changes that also included offloading other routes to competing operators.

Known for its eye-catching double-decker royal blue buses, Megabus was first launched in the U.K. in 2003, then came to the U.S. in 2006. It generated considerable excitement when it entered the Texas market in 2012, by offering free Wi-Fi, restrooms, and fares for as low as $1.

The changes come after Coach USA, Megabus' owner, filed for Chapter 11 bankruptcy, winning court approval to sell its Megabus service in July. The company blamed its bankruptcy on a decline in ridership during the pandemic.

Shutdowns:

  • Routes operating between Atlanta, Charlotte, Durham, Richmond, and Washington, D.C. will be discontinued as of August 16th, 2024. Customers with tickets booked on these services have been notified and refunds have been processed.
  • Routes operating between Dallas, Austin, San Antonio, and Houston will be discontinued as of August 16th, 2024. Customers with tickets booked on these services have been notified and refunds have been processed.

New operators:

  • Routes operating between New York, Baltimore, Philadelphia, and Washington, D.C. will be operated by Peter Pan Bus Lines
  • Routes operating between New York, State College, Harrisburg, King of Prussia, and Pittsburgh will be operated by Fullington Trailways

All other routes in the United States and Canada will operate as normal.

Megabus still operates in more than 500 different cities and university campuses across the U.S., including several popular routes between New York, Philadelphia, and Washington, D.C.

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This article originally ran on CultureMap.

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A View From HETI

The company's technology extracts critical minerals like iodine, lithium and copper from oilfield-produced water. Photo courtesy Altillion

Houston-based startup Altillion has secured $5 million in seed funding to accelerate the commercialization of its proprietary IRIS and ALIX technologies, which convert oilfield-produced water into valuable minerals.

San Francisco-based EIC Rose Rock and Houston-based Flathead Forge led the round. Altillion says the funding will go toward pilot facilities and commercial deployments as the company looks to scale in the U.S.

“Altillion’s efficient and scalable technologies are needed more than ever to reshape critical mineral recovery and facilitate beneficial use of oilfield brines,” Jay Keener, Altillion’s CEO and co-founder, said in a news release. “We’re uniquely positioned to provide a stable, domestic supply of the critical minerals needed for electronics, batteries, healthcare and national defense technologies. This investment from EIC Rose Rock and Flathead Forge enables us to strategically accelerate this impact and is very timely given the current geopolitical dynamics.”

Altillion's IRIS and ALIX platforms extract minerals like iodine, lithium and copper from oilfield-produced water, geothermal brines and salars. This process allows companies to unlock new sources of revenue while also boosting the domestic critical minerals supply chain. The company announced earlier this summer that it will launch a feasibility project in the Permian Basin and aims to develop a path to commercial-scale implementation in the field.

“We are excited to partner with Altillion to scale and deploy these world-class technologies to access the vast wealth hidden in wastewater,” David Clouse, Managing Director of EIC Rose Rock, added in the release. “With Altillion, we’re expanding our ability to empower the energy industry to domestically source the critical minerals America needs for a robust economy and supply chain.”

Altillion was founded by Keener and COO Scott Buckwald in 2023. Keener previously founded KDH Trading, where Buckwald also serves as COO, according to his LinkedIn page.

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