3pm - The bus was found earlier in Bodmin and is now back in service.
Tim Light from the bus company said he was grateful to the person who contacted the police after seeing the bus.
Bus passengers in Truro are facing disruption after a bus was stolen overnight.
The Fal River bus was taken from Newham and the theft was only discovered when the driver turned up this morning.
The 22-seater bus was used on the city service around Truro.
Tim Light, managing director of Cornwall Ferries Ltd and the King Harry Ferry stepped in to provide a bus service when First South West abandoned the service last month.
Mr Light said the bus belonged to a member of staff who had loaned the vehicle to get the service going.
The bus is a single-decker, blue and cream bus.
Anyone with any information is asked to contact the police on 101.