NYC Yellowcab Five-Month Moving Average Farebox (Meter Revenue) Per Day — Peak to Present
Reports from the New York City Taxi and Limousine Commission that were released for the July through October 2015 time period confirmed what many were presuming – the revenue a New York City taxi medallion generates continues to decline, which could be bad news for owners of medallions and their creditors.
The five-month moving average in taxi meter revenue in July 2015 was approximately $535. In October 2015, it was approximately $490.
Calculating the five-month average for trips evens out the high seasonable irregularity seen month-to-month in the city, but it also undermines the magnitude of decline at the end of the period when the trend is steadily declining.
If you were to analyze the data back to 2009, this four-month period would rank as the worst four-month period with the greatest percentage change in revenue. Needless to say, things are looking a bit grim for medallion owners.
The declines have come at a time when Uber has increased the number of drivers in New York.
The revenues have gone up and down for the last couple of years based on data collected. For 2013, revenues actually went up 2%.
Looking back, the average month in the year 2014 showed a 4.9% decrease. In early 2015, the average continued to decrease at a 5.6% decline. But things took a sharp decline from July through October 2015 with an average decline of 13.4%.
Data in other large cities have shown a similar decline in taxi ridership.
By Samantha
YellowCabNYCTaxi.com Staff Writer
Joshi smiling loading WAC rider during wintry mix
slippin’ and slidin’.
Joshifier showing how much fun it is to do social service in the streets 15 degrees F.
never miss weather forecast: partly cloudy, chance of
wintry mix.
Can’t wait for Ubers to jam on brakes and hit me. Hey, maybe that’s the solution!
Joshi is the most clueless commissioner we ever had.
Forcing unrestricted medallions to become accessible is illegal.
This article is bullshit. It was written by a stock broker that shorted TAXI stock. He is trying to scare the stock holders so the stock price will go down. The original article is on line with the disclaimer.
“As to the District Court’s view that there is ‘no material difference between raising your arm to hail a cab on a street corner and putting your location in an app,’ this court respectfully disagrees,” the Queens judge added. “Street hails serve to benefit passengers in locations where cabs are available. Electronic dispatches via app allow passengers, who have not prearranged for transportation, to secure immediate livery assistance at any location.”
Be a taxi without paying for it.Easy, different car, different
plate, e-hail…taxi!
Free taxi, free taxi. Coo coo judge don’t care what it is as long
as he can get it right away and get home in time for Judge Judy!
Huh huh huh
No matter what it is, it knows where to be when.Taxis are
where the business is.
Again, no matter what it is it is where the business is when it is there.
So Green taxis going to take up the slack in outer boroughs. So Uber types (cars with lux livery plates) going to take up the slack where there are no taxis. SOUNDS GOOD.
But the REAL FACTS, they are all SMOTHERING yellow taxis where the business is. They are not taking up any slack, just like the Greenies hanging around.
Plenty of posters on this site and on Uber gripe sites talk about the tricks. Ubers take a job, and then keep circling the yellows until the job is canceled, hoping for a better job. Greens hang around the yellows just hoping for a curb job.
Sounds good, taking up the slack — but it is a fiction. FICTION. OUTRIGHT LIE.
While a yellow owner/driver pays through the NOSE in medallion payments and every crazy extra TLC dreams up, jumps through hoops, they are being SMOTHERED by those who are SUPPOSEDLY TAKING UP THE SLACK WHERE THERE ARE NO YELLOWS, where dat? Siberia?
That’s right, a yellow taxi inhibit.
Just Got A Notification From Chase Bank…A Free Ride w Uberwhores Up To $30 …Well I Guess That’s The END W Me AND Chase.. PULL YOUR MONEY OUT….!!!
To all those who think that accessible is the end of taxi business:
Have you seen the fees the TLC is paying for accessible dispatch. They will make you want to convert to accessible as soon as possible. For once they are doing the right thing!!!
Chase is the dumbest bank in America. No wonder they are selling paid unsolicited email ads. The uber ponzi must grow, or its billionaire-investors selling lies and deceit won’t be happy.
This yr media goin crazy bout Black Friday, very little mention of
Thanksgiving for our country.
GREED, GREED, GREED. Spend yo money day comin up.
What about meaning of Thanksgiving for our country?
Not only Black Friday, but CyberMonday (for TOYS, YET), and some
starting early after 6pm Thursday.
GREEDY, GREEDY.
That’s a great post.
Started talking to an old timer owner driver. He told me he got picked for wca. He is almost 70 wants to retire but can’t. He can’t sell, lease nothing. He has driven without a partition for years and is f****d. I felt sorry for the guy. I have about 5 years to go then someone will feel sorry for me. For the city to con drivers out of their retirement is a horrible thing to do. This diBlasio is just plain mean. The one thing you don’t do to a man is take away his livelihood. All the owner drivers will be joining him soon. Now Cuomo is in ubers corner so that’s all folks.
never miss weather forecast: partly cloudy, chance of
wintry mix.
Can’t wait for Ubers to jam on brakes and hit me. Hey, maybe that’s the solution!
Meera Joshi – the WORST commissioner in the history of TLC.
This is what happens when you hire a women to do a man’s job. The mayor is a puss for appointing her.
Meera Joshi – the BEST commissioner in the history of TLC.
If you are an idiot.
That’s right, a yellow taxi inhibit.
Where does the date for the table come from??????????
Wow… do not use this cab company, you will be treated like crap…the man who answers the phone is the most unprofessional person I ever had the displeasure to deal with. You contact him to book some business with his company (about 50 rides for one evening btw) and not only does he not want the business, but he yells at prospective customers!! When asked for his email address, he gave me a fake address! @135gmail.com – So when I pointed out to him that the address was probably incorrect, he simply said that he was not giving his real email address because he doesn’t need the business…Meanwhile some competent people are unemployed…
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