National Express Group is a transport company. Co. operates in the following segments: Spain and Morocco (Bus and Coach), which operates long-distance, regional and urban bus and coach services across Spain and in Morocco; North America (Bus), which has two areas of activity consisting of student transportation and transit services; U.K. (Bus), which operates in the UK.'s urban bus market outside of London; U.K. (Coach), which is an operator of scheduled coach services in the U.K.; and German (Rail), which operates the Rhine-Munster Express and the Rhine-Wupper-Bahn contracted rail services in Germany.

Stagecoach Group is a holding company. Through its subsidiaries, Co. operates in four main divisions: U.K. Bus (regional operations), which connects communities in more than 100 towns and cities across the U.K. on bus networks stretching from the Highlands of Scotland to south west England; U.K. Bus (London), which is an operator in the London bus market; North America, which provides bus and coach transport services in the U.S. and Canada; and U.K. Rail, in which its subsidiary, South West Trains, runs train services in south west England out of London Waterloo railway station, and operates Island Line services on the Isle of Wight.