BusBank's acquisition of Buster expands the range of meetings, events, and group motorcoach and minibus business, especially for smaller fleet companies.
I recently overheard two unshaven shabby dressed men on a bus bench commiserating about hard times. In a comforting tone, one said to the other, “Don’t get down on yourself.” It was as poignant an exchange as I have over heard and I pass it along as sound advice for livery operators in a slow economy.
According to the National Bureau of Economic Research, the United States emerged from its last recession in November 1982. White we’re not officially back in a recession at the moment, the economy is sluggish thus far in the fourth quarter of 1990 and so is the limousine business. In our seven years of publication, we have never heard so many operators complain that business is soft.
Fortunately, hard times can be good times for those who run an efficient limousine company. Your tight ship should sail smoother than those dinghies in your waters. And even though the limousine market may not be expanding, you can still capture business from less able competitors.
One danger during a soft economy is that some efforts to control costs during lean times can come back to haunt a company in the long run. The temptation to run an extra couple thousand miles between oil changes is one example. One of the most successful operators in Chicago changes the oil in every vehicle once a week whether business is up or down. That is the wisdom of nearly 20 years in the business.
Another temptation is to hold on to vehicles an extra year rather than follow the normal replacement cycle. That same Chicago operator continues to replace his stretches every 24 months whether the economy is hard or soft. And he buys high quality limousines having learned over the years that his customers know the difference.
After the test recession ended, there was a two-year boom in the limousine business. The number of limousine services doubled… as did limousine production. White waiting for the upturn, we encourage operators to maintain the highest possible standards in service and vehicles. Short term compromises that hurt your reputation will make your job that much harder when growth opportunities return.
More space and favorable operating costs are two factors driving the move toward more spacious vehicles.
The industry vet will be working with the UrbanBCN team to advance a presence in the Los Angeles market.
eNews Exclusive: Christina Zanone knows what she does is making a difference not only in her life, but her clients’ as well.
To find the most driver-friendly places in the U.S., WalletHub compared the 100 largest cities across 29 key metrics.
Lenore D'Anzieri of Dav El | BostonCoach will present the best ways to meet the needs of modern business travelers.
Archived article update: The pricing data has gained accuracy over the decades but certain approaches still stand true.
eNews Exclusive: Susy Paris is widely known throughout the luxury transportation community, but few know how she got to be where she is today.
Skedaddle is like Groupon for buses, allowing riders to book long-distance trips via an app.
A Los Angeles operator explains why your luxury ground transportation must match the elite standards of private jets.
JULY LCT: Understanding fixed and variable costs is key to deciding whether or not a motorcoach will be profitable.
JULY LCT: Two Summit speakers explained why personal connections are crucial to winning over customers with your marketing.
These evergreen articles resonate with operators across the years and cover some of the most vital industry topics.
Cabin is designed to let its customers sleep through the trip from Los Angeles to San Francisco and back.
The entrepreneur-owner finds steady business in good and bad economic times.
The world's No. 1 online marketplace and trader for professional chauffeured and chartered vehicles, including all types of motorcoaches, buses, vans, stretch limousines, sedans, SUVs, exotics, and classics. New and used vehicles are available from sellers across the nation.
The best online networker to find quality affiliates worldwide and market your company.
Click on any state to see the latest industry news and events in that region.