New Delhi, June 18 -- Eight Black Airport Shuttle, a Colorado-based company, which is a popular transportation company operating in the United States, abruptly posted a shutdown notice on its social media handles on June 13, leading to major passenger hassles, leading them getting stranded out of the blue. The company cited getting hit by a significant increase in insurance premiums, rising airport and regulatory fees, and steep capital costs, as major reasons for the company's closure after being a thriving shared ride service in the country.

The company took to social media to write, "This is a hard message to write. Eight Black Airport Shuttle, like Longmont Shuttle and Boulder Shuttle before it, has always been local, built from the ...