WHOA: Only 5,000 Taxi And Limo Operators In U.S.?!

Posted on June 25, 2009 by LCT Magazine

WHOPPERS: Research & Markets has issued a report on the taxi and limousine industry in the U.S. which states there are 5,000 taxi and limousine companies doing $4 billion in business annually -- half in the limo segment, and half in the taxi segment.

SAY WHAT? That means only 2,500 limo companies. I don't think anyone in this industry would agree with that estimate. LCT research shows a conservative estimate of 8,000 chauffeured transportation operators nationwide. Other industry estimates wander higher. LCT counts actual operators; higher estimates count companies, which would include all the multiple DBA companies that are actually under one operator. 

LCT GETS IT: As to the revenues, that figure is way off. LCT projects in its most recent Fact Book that gross chauffeured transportation operator revenue in 2008 was $2.17 billion. That would mean $1.83 billion for the cab industry, according to Research & Markets. But New York's cab industry alone is estimated to be $1.8 billion.

You get the picture. Don't waste $129 on this report. -- M.R.

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

March 8, 2017

Immigration Issues Can Hit Limo Operators

Illegal or not, immigrants in one California region spend hard-earned money on renting stretch limousines.

March 1, 2017

Did The Dent Fairy Come To Visit You?

Unlike the tooth fairy and baby teeth, the dent fairy never runs out of vehicles.

February 15, 2017

My Unofficial International LCT Show Agenda

The suite parties, charity fundraisers, and off-the-grid get togethers round out a complete global industry trade show.

February 14, 2017

How To Practice Common Sense Customer Service

It's one of the most important and difficult qualities to hire for, since it emerges in unexpected situations on the job.

February 1, 2017

3 Big Fouls From My First Uber Rides

Operators don't have much to worry about if TNC drivers keep acting like this.

See More

Facebook Comments ()

Comments (0)

Post a Comment



See More

LCT Store

LCT Magazine - May 2017 $12.95 Post International LCT Show Issue COVER STORY: * Best Operators of 2017: Their Winning Secrets Revealed * *


Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close