The Boltbus will compete with other low-cost carriers such as Fung Wah. Bus companies say dissatisfaction with air travel delays and traffic congestion have an increasing number of travelers turning to old-fashioned bus service as an alternative.
Greyhound plans to keep Boltbus fares low by selling most of its tickets online. Company spokesman Dustin Clark says fares will be set at market value but he expects there to be at least some $1 fares for each trip.
The Boston-New York service is scheduled to begin in April.