SBF 70 years logo
MenuMENU
SearchSEARCH

Pete Settle Named 2002 Contractor of the Year

Pete Settle, president of Petermann LLC in Cincinnati, has tried to walk away from the school bus business three times unsuccessfully. Which is good news for the industry.

by Steve Hirano, Editor
August 1, 2002
5 min to read


Pete Settle, president of Petermann LLC in Cincinnati, has tried to walk away from the school bus business three times, unsuccessfully. Careers in automotive engineering and law have been swept aside for continued involvement with yellow buses. "I am now convinced that I will end my career in this business," says Settle.

Which is good news for the school transportation industry. Over the past three decades, Settle has made key contributions to the industry, including exemplary work for the National School Transportation Association (NSTA), Ohio Bus Association and school districts in the Cincinnati area.

Ad Loading...

"Pete is a wonderful ambassador for private school bus operators to the industry," says Terry Thomas, past president of the NSTA and president of Community Bus Services in Youngstown, Ohio. "He provides a wealth of knowledge and experience from his days with Laidlaw and his experience with a small family-owned operation."

For his contributions on the local, state and national level, Settle was named the 2002 Contractor of the Year by SCHOOL BUS FLEET. Settle received the award on July 23 at the National School Transportation Association's annual convention in Chicago. He is the 35th recipient of the annual award.

Lifelong commitment

Settle was born into the school bus industry. His father, William, was a school bus contractor. William's stepfather, Carroll H. Petermann, started the business in 1921 to help a disabled grandson receive an education. Petermann, a Ford dealer, bought a bus to transport his grandson and several other disabled children to a classroom in the basement of a Cincinnati hospital. Eight years later, Petermann raised money to build the first special-needs school in Ohio, now called the Roselawn-Condon School.

Petermann Transportation, as the company was named, expanded over the decades. Pete's father joined the business full time in the 1950s and eventually started another company, Settle Service. He continued to run the two companies until 1989, when he sold both concerns to his sons — Pete and his three brothers, Mike, Bill and Patrick.

Laidlaw buys company

In 1992, the Settles sold the operation to Laidlaw Transit, and all four brothers began working for the rapidly expanding school bus contractor. Settle said he had planned to work for Laidlaw for only six months but ended up staying for six years. By the time he left in 1998, Settle had worked his way up to the title of vice president of sales and marketing of the school bus division.

Ad Loading...

Settle's decision to leave Laidlaw was based on shifting dynamics within the company but also the brutal travel schedule that separated him from his wife and young children for up to 190 days a year. "For a long time, when I wore a tie to work, my kids used to ask me if I was going to be home for dinner because that meant I was leaving town," he says. "Now I spend less than 10 days on the road. It's a big plus."

After his departure from Laidlaw, Settle did some "soul searching," trying to decide on a new course of action. He thought about going back to his law practice (he earned his law degree from the University of Cincinnati in 1990), but started receiving phone calls from local school districts asking about bus service. "It was the first time I had a school district take me to lunch, pay for it and ask me to do their busing," he says with a laugh.

In early 1999, buoyed by interest from school districts for his transportation expertise, Settle founded Petermann LLC, a throwback in name and spirit to the family-owned school bus operation. He recalls buying a laptop computer to prepare his first presentation to a prospective school district, but making sure to keep the receipt in case the Petermann endeavor failed to get off the ground.

Key contract acquired

Settle didn't have to return the computer. In a short time, he landed an 80-bus contract with the Hamilton County Board of Mental Retardation and Developmental Disabilities in Cincinnati. "We've had a long association with them," Settle says, explaining that Carroll Petermann, who died in 1960, had strong ties to the special-needs community in the Cincinnati area.

Then came a contract with Cincinnati Public Schools, some school district conversions and some successful bids. Over the past three years, Settle has built the company from scratch into a 525-bus operation that transports approximately 40,000 students per day.

Ad Loading...

Settle has had the help of his three brothers, who joined him shortly after the founding of Petermann LLC. Together, they form the core management team. Mike is chief operations officer, Bill is director of operations, and Patrick is director of fleet and facilities.

Unlike many school bus contractors, Settle says one of his challenges is controlling growth. "We're a different proposition than a large company, and the last thing we want to do is to start to look like a large company," he says. "We need to make sure we don't lose sight of why people want to do business with us."

Family support

Settle credits his wife, Krista, for weathering the ups and downs and uncertainties of the bus business, especially the start of a new one, Settle says. "It was a lot harder than I thought it would be," he admits. "I was naive."

The Settles have three children: Caterina, 7; Sophia, 5; and Peter, 4. For a show-and-tell project last year, Caterina had her father bring one of his full-size school buses to school. "It was National School Bus Safety Week, so it was a good chance to have the kids learn about safe riding procedures," Settle says. "Caterina now has the distinction of bringing in the largest show-and-tell [project] in school history."

Subscribe to Our Newsletter

More Management

Thumbnail graphic for a School Bus Fleet video compilation. A yellow electric school bus serves as the background, with speech bubbles containing words such as “Dynamic,” “Green,” “Critical,” “Complex,” “Family,” and “Underfunded.” A red banner reads, “12 Suppliers. 1 Question. Many Answers.” The video explores how industry suppliers describe the current state of the school bus market.
Managementby Amanda HuggettJune 5, 2026

13 Industry Leaders Describe School Transportation in One Word

What word best describes the school bus industry today? We posed that question to over a dozen manufacturers, resulting in a revealing mix of perspectives on the challenges and opportunities ahead.

Read More →
Leadership update graphic announcing executive appointments at Tyler Technologies. Headshots of Ryan O’Connor, named chief transactions officer, and Franklin Williams, named chief AI officer, appear alongside the Tyler Technologies logo and School Bus Fleet branding.
Managementby News/Media ReleaseJune 5, 2026

Tyler Technologies Adds New AI, Transactions Leadership Roles

Two company executives are promoted to newly created C-suite positions to accelerate the company's long-term growth in both artificial intelligence and payments.

Read More →
An orange and white graphic with Pro-Vision and Convoy Technologies logos, and text reading "Pro-Vision Acquires Convoy Technologies."
Managementby News/Media ReleaseJune 4, 2026

Pro-Vision Acquires Convoy Technologies

The deal aims to broaden customer relationships and adds specialized vehicle video capabilities for commercial fleets.

Read More →
Ad Loading...
A Durham School Services bus with two people posing in front of it.

Durham School Services Maintenance Teams Earn Missouri Fleet Excellence Awards

Eight of the contractor’s school bus fleets achieved a distinction few maintenance teams earn during the state’s rigorous annual inspection program.

Read More →
Joe Annotti of TRC Companies speaks at ACT Expo. A text overlay reads, “School Buses as Money Makers?” highlighting discussion about electrification, vehicle-to-grid technology, and new revenue opportunities for school bus fleets.
Managementby Amanda HuggettJune 3, 2026

How Incentives, AI, and Energy Markets Are Reshaping School Transportation

Sit down with Joe Annotti of TRC Companies to talk district grant funding, utility challenges, AI, and why school buses are evolving from transportation assets into energy assets.

Read More →
A lineup of Beacon Mobility school buses with text reading "Behind the Contracting Shift."
Managementby Elora HaynesJune 3, 2026

Inside the Contracting Shift: What School Transportation Operators Are Seeing Now

School transportation contractors weigh in on recent trends, costs, driver shortages, and the rise of multimodal student transportation.

Read More →
Ad Loading...
Jeff Weiss of ExoAir Systems stands beside a roof-mounted electric air conditioning unit at ACT Expo. Text overlay reads “ExoAir: Cool Bus. No Idling.”
Managementby Amanda HuggettJune 2, 2026

The No-Idling School Bus AC System

Take a peek at ExoAir Systems’ battery-powered cooling solution designed to run for up to 10 hours without the engine on, reducing fuel use and improving comfort for drivers and students.

Read More →
Charlotte Argue of Geotab speaks at ACT Expo, gesturing toward a display of telematics and camera technology. Text overlay reads “Geotab: Data Drives Safety.”
Managementby Amanda HuggettJune 2, 2026

Geotab on Three Major Trends in School Transportation

School bus fleets are becoming more proactive than ever. From AI driver alerts to vehicle-to-grid opportunities, Geotab outlines the biggest technology trends transforming school bus operations.

Read More →
Graphic announcing Gatekeeper contract news featuring a yellow school bus driving along a waterfront roadway, with “New Contract Announcements” text and Gatekeeper branding displayed prominently.
Managementby News/Media ReleaseJune 1, 2026

Gatekeeper Lands Major School Bus Deals as Revenue Surges

The video solutions provider announces contracts with Atlanta Public Schools and other fleet operators as it records quarterly revenue growth and expanding subscription business.

Read More →
Ad Loading...
Graphic promoting “Building a Mentorship Program” with two women shaking hands across a desk, highlighting tips and common mentorship mistakes in school transportation.
ManagementJune 1, 2026

Building Leaders Who Last: Creating a Successful Mentorship Program in Student Transportation

Discover five strategies for building an effective mentorship program to strengthen leadership development and support staff retention.

Read More →