5000 Companies Occupy the $4 Billion Taxi and Limousine Sector in the US

DUBLIN, Ireland--April 27, 2006--Research and Markets (http://www.researchandmarkets.com/reports/c36178) has announced the addition of Taxi and Limousine Services - Industry Profile to their offering.

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Topics Covered:

Industry Overview

Quarterly Industry Update

Business Challenges

Trends and Opportunities

Call Preparation Questions

Financial Information

Industry Forecast

Website and Media Links

Glossary of Acronyms

Summary

Brief Excerpt from Industry Overview Chapter:

Taxi and limousine services generate about $4 billion in annual revenue for 5,000 companies that operate in the US, half in the taxi segment and half in the limousine segment. The industry has no publicly-held companies; 70 percent are very small with only three employees. The limousine segment is particularly fragmented. Local limo companies include Executive Transport, Metro Car, and Luxury Limo.

The average taxi or limousine company has nine employees and $600,000 per year in revenue. About 500 companies have more than $1 million of annual revenue, and just 35 companies have revenue over $100 million.

COMPETITIVE LANDSCAPE

Taxi and limousine revenue is driven by business and leisure travel. The profitability of individual companies is determined largely by demand volume, because of high fixed costs. Small companies can effectively compete with large ones because there are few economies of scale in operations. Average annual revenue per employee is only about $60,000 for both large and small companies.

PRODUCTS, OPERATIONS & TECHNOLOGY

Both taxis and limousines transport passengers after being dispatched per customer request or reservation. Taxi cabs also pick up passengers that hail them while driving on city streets or at taxi stands. Limousines can pick up customers only by telephone request. Limousine companies may lease vehicles with a driver by the hour, or may operate for-hire vehicles (FHV) that charge flat rates for specific trips, in competition with taxis.

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