Operations

Miami Limo Company Filing Chapter 11 Stays In Business

Posted on January 28, 2016

MIAMI -- With ride-sharing companies like Uber and Lyft gaining in popularity, a Miami Lakes company that provides old-school chauffeurs with luxury vehicles filed Chapter 11 reorganization.

Worldwide Transportation Services filed for protection from creditors in U.S. Bankruptcy Court in Miami on Jan. 26. Its attorney, Eyal Berger, stressed that the company was operating as usual and continuing to provide service to its clients.

Berger said the main reason Worldwide Transportation Services filed Chapter 11 was litigation costs. A handful of its drivers filed wage lawsuits against the company over claims they should have been paid like employees, not independent contractors, he said. The expenses from defending those lawsuits caused a liquidity crunch at the company, Berger said. Its cash flow from operations was otherwise fine, he said.

South Florida Business Journal article here

View comments or post a comment on this story. (3 Comments)

More News

Windy City Limousine & Bus Wins "Best Of" Award

The company's diverse fleet and years of experience have earned it many achievements.

Fugitaboutit! Operators Deal With NYC Traffic Woes

Weather and mass transit delays always create additional problems, but 50,000 TNC vehicles ratchet up congestion.

Arkansas Operation Recognized As Small Business of the Year

Pinnacle Car Services, Inc. recieved the accolade from the Greater Bentonville Bella Vista Chamber of Commerce.

How To Make Your Buses Comply With The Latest Rules

eNews Exclusive: Joe Guinn guides operators on the best ways to prepare for the large leap from sedans and SUVs to buses and motorcoaches.

What Is The Future Of The New Luxury Traveler?

There is a growing demand for more human connectedness and meaningful experiences for both adults and children.

See More News

Facebook Comments ()

Comments (3)

Post a Comment

Submit

Blog

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 * *



Connect

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

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

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