Thursday, December 22, 2016

Montgomery County's largest taxi company files for Chapter 11, points finger at Uber and Lyft

The parent firm of the largest cab company in Montgomery County filed for Chapter 11 bankruptcy protection in federal court this week, pointing to ride-sharing companies like Uber as a primary reason for declining revenues. “We’re going to reorganize, restructure and remain in business,” Lisa Merdoc, Barwood Inc.’s corporate communications and quality assurance manager, told Bethesda Magazine. The company stated it has 57 employees, but that number doesn’t account for the taxi drivers…



from http://www.bizjournals.com/baltimore/news/2016/12/22/montgomery-countys-largest-taxi-company-files-for.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/154807196307

No comments:

Post a Comment