Spending is estimated to advance another 7.1% in 2018 and will expand to $1.7 trillion total by 2022.
A recent article in the Huffington Post puts the TNC/Uber controversy into the perspective of the wider trends animating what is called the sharing economy. It upends all the traditional dynamics of conventional capitalism.
While threatening certain businesses, the prosumer/sharing economy will empower consumers in the long run, which will counteract the the effects of falling median incomes, income inequality and lackluster economic growth of recent years.
The prosumer/sharing economy actually was hypothesized and predicted back in 1980 by futurist Alvin Toffler in his best-selling book, "The Third Wave." All of his forecasts for the future have evolved over the last few decades with the ascendance of the Internet economy. Toffler has updated his initial research and projections in the 2006 book, "Revolutionary Wealth."
What does all this theory and trends mean for limousine operators? Well, the prosumer/sharing economy is the best argument of all for deregulation of ground transportation. If Uber is allowed to prosper in the Internet-driven prosumer/sharing economy, then traditional brick-and-mortar, equipment driven businesses should no longer be shackled by the rules, fees and constraints of governments regulating conventional capitalism. Every company would be able to figure out its own free and unencumbered business model, deploying technology, connections and transportation networks of choice.
But until TNCs, taxicabs and limousines are regulated fairly, or de-regulated to the same level, look for more legal and regulatory fights to come. Regulations must match reality.
The founder of Pontarelli Companies leaves a legacy of quality transportation and brave service to his country.
Industry leader Scott Solombrino calls the measure ‘crazy’ and a ‘crisis’ for luxury transportation operators.
The event provides a wide platform for the industry to promote its safety, comfort, and convenience advantages.
LCT contributing editor Jim Luff discusses which you should attend and why.
The annual tournament fundraiser brings out the best in the New England regional luxury transportation industry.
The annual event on Aug. 7 raised money for the trade group and the Cystic Fibrosis Foundation. More than 100 golfers, supporters, and participants turned out.
LMCPays will be the newest agent office for the major industry credit card processor.
The driver testing the autonomous vehicle was streaming a TV program at the time of the accident.
GM is planning a massive upgrade for its next-generation pickups.
Lincoln Navigator and Continental score high on the J.D. Power APEAL index based on surveys of buyers and lessees.
Vehicle Pick Of The Week: This used S550 can empower operators to upgrade clients at an affordable rate.
AUG. LCT: A panel of operators learned all about handling operations during extreme natural events.
AUG. LCT: Here’s how to ease one of the most difficult transitions your operations may ever have to make.
AUG. LCT: The top operators in the luxury transportation industry who attended this year’s exclusive annual executive conference offer some best practices that can work in your operation.
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.