The shuttle bus service got its start taking passengers to and from Los Angeles International Airport, and eventually its blue and yellow vans serviced more than 100 cities worldwide, from Cleveland to Kuala Lumpur. But the rise of ride services such as Uber and Lyft has cut deeply into its traffic.Two SuperShuttle reservation specialists confirmed the company's closure to CNN Business Friday afternoon. SuperShuttle's leaders did not immediately return request for comment.
"SuperShuttle plans to honor all reservations and walk-up requests for service through Dec. 31," according to a letter to its employees that was published in the LA Times. It cited a variety of factors for the shutdown,"including increasing costs and changes in the competitive and regulatory landscape" that"have called into question the economic and operational viability of the company's operations.
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