Owners argued it was unfair that they spent their life savings on medallions while Uber has paid little and taken away their rides. The city council was pretty close to reducing the number of vehicles for the ride sharing services recently.
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Newly-available data from the Taxi and Limousine Commission, analysed by the New York Daily News, show total trips in the the first half of 2015 were down 10% compared to same period past year.
The data also shows that yellow cabs are losing revenue.
“The taxis collected $981 million through June of this year, a 7% drop compared with the $1.06 billion raked in over the same period last year”.
A long line of taxi cabs waited at the Birmingham-Shuttlesworth global airport awaiting fares in a city that doesn’t have the hustle and bustle of the likes of New York City, Washington D.C. or Atlanta, Georgia.
Uber told Daily News reporters Nolan Hicks and Dan Rivoli that its fastest-growing areas are outside of Manhattan, areas underserved by yellow cabs. According to them, bike share program Citi Bike is affecting them too.
Flickr / joiseyshowaa ” While apps get the spotlight, there are so many things going on”, TLC representative Allan Fromberg told Business Insider.
The competition has hit the regular cabs hard.
The taxi industry is promising there will be hail to pay if the city continues to let Uber drive down the value of medallions. Today, online listings range from $600,000 to $900,000. “The modern entity having all that financial clout, shouldn’t they be able to adjust themselves to the game as opposed to the game adjusting to them?”
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De Blasio had backed a bill to cap new licenses for Uber cars while the city does a transportation study. The French government decided to suspend the service later that day because the protests turned violent. The service is also expanding in India after one of its biggest cities gave them the thumbs up to build offices and train drivers. And for his final leg of the journey, Weissmueller jumped into a good old-fashioned yellow taxi.
