The PUC approved a Greyhound rate hike request.
Greyhound bus fares within California will increase 13%, partly to reflect an anticipated 500% increase in insurance and partly to bring the Phoenix-based company’s California fares into line with its fares in other states, the state Public Utilities Commission said. However, the PUC order granted Greyhound flexibility in adjusting its fares to raise up to $5.7 million more in gross annual revenue. It can set up “zones of rate freedom” in which rates may be raised as much as 13% or slashed by up to 50%, the PUC said. The maximum 13% increase would boost the Los Angeles-to-San Francisco fare to $48.90 from $43.25; travel between Los Angeles and San Diego would cost $16.85 instead of $14.90.