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                                                                  EXHIBIT 10.10

                       LOSS PORTFOLIO TRANSFER AGREEMENT

This Loss Portfolio Transfer Agreement (the "Agreement") is made as of 12/31/99
between Greyhound Lines, Inc. ("Greyhound") and Laidlaw Transportation, Inc.
("Parent").

WHEREAS, Greyhound desires to end uncertainty about its ultimate liability for
all pre 3/16/99 insurance deductible liabilities associated with all insurance
policies ("Policies") and insurance programs ("Program Agreements") of
Greyhound, including, without limitation, Automobile, Comprehensive Liability,
General and Property Liability and Workers' Compensation coverages ("Insurance
Liabilities"); and

WHEREAS, Greyhound desires to eliminate the future administration associated
with the Policies and the Program Agreements for all such Insurance Liabilities
pre 3/16/99 liabilities; and

ACCORDINGLY, for the purposes and consideration stated in this Agreement,
Greyhound and Parent have agreed and do hereby as follows:

1.   Greyhound agrees to pay Parent the sum of $23,994,229, which sum includes a
     Paid Loss Deposit Fund totaling $1,861,266 previously deposited with
     insurance companies, as the agreed upon final amount payable for all
     Insurance Liabilities under the Policies and the Program Agreements, and as
     consideration for Parent's assumption of additional liability under the
     pre-acquisition insurance liabilities. This consideration is equal to the
     book value of the reserves and deposits.

2.   In respect of the operations of Greyhound from 3/15/87 to 3/16/99,
     Greyhound entered into a number of insurance contracts, whereby they had
     retained responsibility for deductibles or self insured retentions and, as
     such, retained the liabilities for these "pre-aquisition" liabilities.
     These liabilities include paid loss retro plans, incurred loss retro plans,
     deductibles, retentions and possible future or additional assessments. This
     Agreement hereby transfers the entire liability for these insurance
     Liabilities amounts to Parent.

     It is recognized that all the original agreements and policies are between
     Greyhound and the various insurers and these remain in effect. As such,
     Greyhound is primarily responsible for these liabilities and Parent hereby
     agrees to pay such liabilities on Greyhound's behalf, or reimburse
     Greyhound as is necessary.

3.  Parent agrees to pay all amounts due for claims covered by the Policies, in
     accordance with their terms and conditions. Greyhound agrees, at Parent's
     request, to provide any necessary authorization for Parent to purchase
     insurance or reinsurance coverage for the additional risk they assume under
     this Agreement, if they so desire.

4.   Greyhound agrees that Parent will assume sole control of management and
     administration of all claims subject to this Agreement in accordance with
     the terms and conditions of the Policies. Greyhound further agrees to honor
     and abide by all the terms and conditions of the Policies and help and
     assist Parent in the settlement of the claims, as is necessary.

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5.   Parent further agrees to release and forever discharge Greyhound, its
     directors, officers, employees, agents, attorneys, representatives,
     successors and assigns, from any and all claims, demands, actions, or
     causes of action, known or unknown, which Parent has, might have had, or
     might have in the future, arising out of or connected with, in whole or in
     part, any event act, omission, or transaction, relating in any way to the
     Policies or the Program Agreements, or the payment of premiums or other
     amounts otherwise payable by Greyhound under the terms of the Policies or
     the Program Agreements, for the pre-acquisition insurance liabilities
     associated with the period prior to 3/16/99.

6.   This Agreement constitutes the full and entire agreement between Greyhound
     and Parent. Both parties hereby expressly represent and warrant that no
     other statements or representations, oral or written, have induced them in
     any way to execute this Agreement, but that the entire consideration for
     same and all representations or statements bearing on or relating to this
     Agreement are expressly set forth herein.

7.   Greyhound and Parent both understand and represent that they have not
     assigned any of their rights under the Policies or the Program Agreements,
     and the signatories to this Agreement represent that they are fully
     authorized to execute the agreements and releases set forth herein on
     behalf of Greyhound and Parent, respectively.

8.   This Agreement shall be governed by and construed in accordance with the
     laws of Delaware. Greyhound and Parent agree that this Agreement can be
     filed in any court adjudicating issues or claims relating to the Policies
     and/or the Program Agreements.

<TABLE>
<CAPTION>
GREYHOUND LINES, INC.                        LAIDLAW TRANSPORTATION, INC.

<S>                                          <C>
By:   /s/ CRAIG R. LENTZSCH                  By:   /s/ LESLIE W. HAWORTH
      ------------------------                     -----------------------------
        Name: Craig R. Lentzsch                      Name:  Leslie W. Haworth
Title:  President and CEO                    Title:  Senior Vice President & CFO
</TABLE>

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                                                                   EXHIBIT 10.40

                          FIRST AMENDMENT TO THE SECOND
                     AMENDED EXECUTIVE EMPLOYMENT AGREEMENT

         This FIRST AMENDMENT TO THE SECOND AMENDED EXECUTIVE EMPLOYMENT
AGREEMENT, dated this 31st day of December, 1999 (the "Amendment"), is by and
among GREYHOUND LINES, INC. (together with its successors, the "Company"),
LAIDLAW INC. (together with its successors, the "Parent") and JOHN WERNER
HAUGSLAND (the "Executive").

         WHEREAS, the Executive, Parent and the Company are parties to a
Seconded Amended Executive Employment Agreement dated March 16, 1999 (the
"Agreement"); and

         WHEREAS, the parties desire to modify and amend the terms of the
Agreement as set forth herein.

         NOW, THEREFORE, in consideration of the mutual promises and covenants
set forth in this Amendment, the Executive, Parent and the Company agree as
follows:

1.       Based on an annual review and adjustment by the Company's Board of
Directors, effective as of April 1, 1999, Executive's Base Salary shall be
increased to $325,000.

2.       The last sentence of Section 1(a) of the Agreement shall be modified to
read as follows:

         "The Company and the Executive acknowledge that during the employment
of the Executive pursuant to this Agreement, the Executive's Base Salary will be
subject to an annual review and adjustment by the Board of Directors of the
Company (the "Board of Directors") but, in no event, will the Executive's annual
Base Salary be less than $325,000."

3.       A new Section 1(e) to the Agreement shall be added as follows:

         "e. ANNUAL STAY BONUS: Beginning on the Effective Time and on the
         anniversary date of the Agreement thereafter for four (4) additional
         years, an annual stay bonus of $50,000 will accrue for the benefit of
         Executive. The stay bonus shall vest, and Executive shall be entitled
         to request payment of all or any portion of the vested amount,
         according to the following schedule:

<TABLE>
<CAPTION>
                           Date                 Amount Vested
                           ----                 -------------
<S>                                             <C>
                  After March 30, 2002             $100,000
                  After March 30, 2003             $150,000
                  After March 15, 2004             $250,000"
</TABLE>

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4.       The second sentence of Section 3 of the Agreement shall be deleted in
its entirety and the following provision will be substituted therefor:

         "Executive's responsibilities shall include the inter-city coach, coach
         charter and line haul and any other related business thereto of Parent
         and its subsidiaries in the United States and Canada; provided,
         however, upon any realignment of Company and its affiliates along
         distinct product or business lines, Executive's responsibilities may be
         altered to exclude responsibility for the courier/package express and
         tour/charter businesses, and such change in responsibilities shall not
         constitute grounds for resignation by Executive for "Good Reason"
         pursuant to Section 2(c)(5)(a)(ii) of the Agreement."

5.       The first sentence of Section 5(d) of the Agreement shall be deleted in
its entirety and the following provision will be substituted therefor:

         "In the event of a Non-Renewal Without Good Cause or a Termination
         Without Good Cause or a Resignation For Good Reason, the Company agrees
         to continue any and all benefits as provided in the Greyhound Lines,
         Inc. Medical Plan and Subsections 1(d) (2) through (8) of this
         Agreement, as modified pursuant to the terms of Subsection 1(d), and
         Subsection 1(e) of this Agreement for twenty four (24) months after the
         effective date of termination, non-renewal or resignation."

6.       Defined terms used herein without definition shall have the meaning as
ascribed to such term as set forth in the Agreement.

7.       Except for the modifications and amendments set forth in this document,
the Agreement shall continue in full force and effect according to its original
terms.

8.       This Amendment shall become effective as of the date set forth above,
except where an earlier date is specified in the Amendment.

<TABLE>
<S>                               <C>
JOHN WERNER HAUGSLAND             GREYHOUND LINES, INC.

    /s/ John W. Haugsland         By:  /s/ Craig R. Lentzsch
-----------------------------          ---------------------------
                                           Craig R. Lentzsch
                                           President and CEO

                                  LAIDLAW INC.

                                  By:  /s/ John R. Grainger
                                       ---------------------------
                                           John R. Grainger
                                           President and CEO
</TABLE>

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