Industry Research

NJ Operators Still Struggle In Economy

Posted on May 25, 2011 by LCT Staff - Also by this author - About the author

SLICE OF LIFE: Association leaders Jeff Rose, Tim Rose and Barry Lefkowitz are quoted in an article about how the recession has left much of the industry still reeling in the recovery. “Tepid optimism” is the key term.

NEWARK, N.J. — As gray skies promise to give way to the idyllic days that make June synonymous with proms and weddings, limousine companies feel only tepidly optimistic.

Many owners can’t afford to offer discounts that would persuade students to spend months of part-time pay on a luxury ride to their last high school hurrah.

Or win over soon-to-be newlyweds weighing a swanky ride to the chapel against a bigger down payment on a house.

Dealing with unpredictable gas prices is part and parcel of an industry that puts 50,000 to 100,000 miles on each of its vehicles in a year. But the economy is uncertain at best, and gas prices have hovered near $4 a gallon for months.

Karen Gajda, owner of Country Club Transportation in Newark, said business has been rough for a long time.


Source: The Newark Star-Ledger/

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