Operator Unsure If Latest Expansion Will Work

Posted on August 17, 2011

RESTON, Va. — If there’s one bright spot in the sluggish recovery, it’s the record level of profits at businesses. But with renewed worries over the economy and turmoil in the markets, the question is whether those companies will finally start using that money to hire or whether they will continue to hunker down.

After the year started out well for Dulles-based Reston Limousine, business has stalled this summer. CEO Kristina Bouweiri is pressing on, ordering eight new buses, buying 10 other vehicles and hiring salespeople, mechanics and 20 drivers, but now she is unsure whether it will all pay off.

“I will not know until mid-September if the bad summer numbers are a continuing trend,” she said. “I see a lot of activity, and I always focus on the positive. I am moving forward.”

As corporate profits have hit new peaks, policymakers — including President Obama — have said they are counting on the private sector to snap the U.S. economy out of its slump by hiring more American workers. So far, many of these companies have been content to squeeze more work out of their employees and wait for the economy to pick up more speed before deploying their money. The strategy has also helped their bottom lines.

If economic growth continues to slow down, though, the hopes that these companies will hire more workers any time soon could fade.


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

More News

NLA Supports, Celebrates Charities At LCT East

Early bird and group discounts end today, so don’t miss your chance to attend this event at the show!

Attention To Detail Sets California Operator Apart

WebXclusive: Millennial operator Aaron Schiff of Ascot Limousine uses his talents to maintain the stellar reputation of his godfather’s company.

Uber's Creepy Drones And Drivers

TNC Travesties Of The Week: The company's marketing techniques prove to be just as aggressive as their independent contractors. 

70 Defining Moments In Luxury Industry History

From the 1970s to the present, check out these incredible events that affect the wider luxury services and products sector. 

Do You Provide Customer Service Or Experience?

Companies may be tempted to stick with the former, but clients can almost immediately notice when the focus isn’t on the latter.

See More News

Facebook Comments ()

Comments (0)

Post a Comment



See More

See More

See More

See More

LCT Store

LCT Magazine - October 2016 $12.95 COVER STORY: * Leverage Tech To Levitate Your Operations * *


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