Industry Research|
December 7, 2011
As the year comes to a close, here’s a look back at some notable industry trends.
Industry Research|
November 2, 2011
Latest travel and hotel forecast for 2012 is a good sign for the chauffeured transportation industry.
Industry Research|
August 15, 2011
Texas, North Carolina and Florida sit on the thrones of productivity while Illinois, New York and California float in the moat.
Industry Research|
June 10, 2011
One of the leading indicators for chauffeured transportation activity remains solidly positive this year as business still needs to get done in a challenging recovery.
Industry Research|
May 9, 2011
MAY 2011: The latest LCT Fact Book & Industry Guide offers the industry benchmark STATS for finances, revenues, business costs, technology, and overall industry characteristics. Below are several findings from the annual LCT Operator Survey.
Operations|
May 3, 2010
LCT groups together the four big indicators of the state of the industry: Revenues, Operators, Vehicles, and Profits. 2009 as expected was a bottom out year as the recession deepened and took its toll.
Operations|
May 3, 2010
Average revenue was down, reflecting the troubles of corporate/business oriented operators. But the median revenue held firm, indicating smaller operators adapted to the challenges and either took over other operators or diversified their client base. Fleet size held steady, despite the economic headwinds. Look for operators to buy more on fleet vehicles in 2010 compared to 2009.
Technology|
May 3, 2010
Going forward, technology will be the primary engine of productivity and efficiency in the chauffeured transportation industry. The selections of computer software, GPS services, wireless communication devices, and fleet and flight tracking software programs are growing as operators reap the savings and efficiencies from instant information.
Technology|
May 3, 2010
2010 will be the year of the online consumer, as this area of the virtual economy has grown despite recessionary forces. Getting to them in a dense media environment requires a savvy approach to online marketing and messaging. Operators who tap the Internet through the explosive growth of social networking understand that a business must be virtual and viral to succeed.
Operations|
May 3, 2010
In the chauffeured transportation industry, runs, reservations, and referrals determine the flow of business. On the expense side, as customer demand decreased, employment in the industry fell. It led to lower labor costs and a drop in employee raises. This coincides with year-over-year revenue declines ranging mostly from 10% to 40%.