Monumental Motor Tours Inc., which has been running buses for the past 67 years, has suspended service because of declining ridership and mounting operating expenses.
"The owning and operating of coaches has become too expensive," said Kenneth R. Schwarz, president of the Baltimore company.
Monumental stopped running its 17 buses Jan. 6 and dismissed 35 employees, leaving six on the payroll, said Mr. Schwarz, whose family has owned the company since its founding in 1925.
Most of the people who lost their jobs were drivers, he said, but some mechanics and clerical workers were included in the layoffs.
The company will continue to operate, but "we haven't really decided what we are going to do," Mr. Schwarz said. One possibility is arranging tours and other travel packages, he said.
Monumental was among the largest tour and charter bus operations in the area and the only one based in Baltimore, Mr. Schwarz said. The company's buses traveled 600,000 miles and carried 69,669 passengers last year, he said.
One problem, Mr. Schwarz said, was that passengers were taking fewer and shorter trips. Another was that older travelers, mainstays of his business, were traveling less because of falling interest rates on their savings.