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Supershuttle, The Shared Van Service That Carried Passengers to and from Airports Is Going Out of Business

SuperShuttle shared van service has carried passengers to and from airports throughout the US, and in Canada, Latin America, Europe, and Asia go out of enterprise. A letter obtained by the Los Angeles Times from the corporate to a Los Angeles-area franchise says: “SuperShuttle plans to honor all reservations and walk-up requests for service” by Dec. 31.

Makes an attempt by the newspaper to achieve Mark Friedman, recognized as a basic supervisor within the letter’s signature line, have been unsuccessful Thursday. SuperShuttle executives might additionally not be reached for official remark. However, two SuperShuttle reservations agents reached by phone confirmed to the Occasions that the corporate was going out of enterprise, as did an organization govt who was not approved to speak publicly.

SuperShuttle is, without doubt, one of the few services that may still choose up riders curbside at LAX after the airport’s latest modifications to assist ease congestion. In November, Lyft, Uber, and taxis have been relegated to a pickup lot next to Terminal 1. Travelers can both walk to the lot or await an airport shuttle to ferry them.

SuperShuttle is owned by an associate of Blackstreet Capital Holdings, a private investment agency based mostly in Bethesda, Maryland, court documents present. Blackstreet defines itself as specializing in acquiring small or mid-size companies, “which might be in out-of-favor industries or are present process some form of transition.”

Officers at Blackstreet couldn’t instantly be reached for comment on SuperShuttle’s suspended services or on how SuperShuttle’s providers are divided between firm-owned operators and franchisees.

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