Greyhound wrapped up its purchase of Trailways.

After signing final contracts to buy $80 million in assets from the financially troubled bus line, Greyhound Chief Executive Fred Currey predicted that the acquisition would be profitable immediately. Greyhound hopes to fill its job openings with Trailways employees, but those who cannot be placed will receive severance benefits. Greyhound says no city will lose service, but about 41,600 miles of service, or 5.1%, will be eliminated.