Regulations

Leaders Get Good Vibes On Limo Business Outlook

Posted on February 7, 2014 by Tom Halligan - Also by this author

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Optimism abounds for the industry as we head into 2014, according to a quick — and very unscientific —  poll of National Limousine Association state and regional executives. Of course, there are plenty of issues the industry will continue to confront, such as competitive private transportation rideshare apps, and the never-ending battle against burdensome taxes, fees and regulations. But cheer up; the word on the street is that 2014 will be a better year for business.

“I believe the state of the industry has turned to a positive outlook. Business is increasing and companies are expanding their fleets. Business travel is up over the last two years and the retail market is still about the same as last year. Challenges include higher insurance rates in Florida and operating costs while trying not to increase rates [in] the current market. But 2014 looks better than last year.” Dave Shaw, operations manager, Olympus Limo; President, West Florida Livery Association; Secretary, Florida Limousine Association; NLA board director

“Prospects for the Minority Limousine Operators (MLOA) of America in 2014 look bright. Our economy continues to improve slowly but surely each and every month. That improvement will allow small minority businesses to grow and open the door for potential new MLOA members. We’re looking forward to a strong 2014! Maurice Brewster, President and CEO, Mosaic Global Transportation; Founder and Chairman, Minority Limousine Operators of America.

“From an overall business standpoint, 2014 looks encouraging for our limousine and bus companies in Kentucky. While overall revenue for individual companies has never completely recovered from 2008 through 2010 decreases, our member companies have adjusted their businesses in such a manner that they are once again profitable. We will continue to wage our battles against a sales tax this year. Although Uber is not present in Kentucky, we have some deregulatory issues that have arisen as a result of their presence in other areas. Carey Fieldhouse, owner, R&R Limousine; President, Kentucky Limousine Association

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