The Upper East Side’s taxi dependency has dwindled thanks to the opening of the Second Avenue subway this year, according to a new report. Yellow cab pickups and drop-offs have dropped in the areas surrounding the line’s stations at 72nd, 86th and 96th streets, NYU’s Rudin Center for Transportation found …
Category Archives: Blog
You’re less likely to get in an accident in a tax...
You may only want to hail yellow taxis: The brightly colored cabs are involved in fewer accidents than blue ones, because yellow is more visible, according to a new study. An analysis of millions of detailed taxi, driver and accident information over a three-year period from Singapore’s largest taxi company found yellow taxis were involved …
Taxi Medallion Prices Are Plummeting, Endangering Loans
There’s a good reason your cab driver is so cranky: His livelihood might be teetering on the edge of default. According to a recent presentation prepared for Capital One Financial Corp. investors, some 81 percent of its $690 million in loans for taxi medallions are at risk of default. Medallions, …
Fed-up taxi industry threatens to yank wheelchair-acces...
The flailing yellow-cab industry appears to be trying to blackmail the city into bailing it out — threatening to yank its wheelchair-accessible cabs off the street. David Beier, president of the Committee for Taxi Safety, which represents 20 percent of the city’s yellow-taxi medallion agents, told The Post that medallion …
Yellow Cabs Get New Gadgets
Perhaps the biggest threat to the traditional yellow taxi industry doesn’t come from the newly emerging competition, but from the simple fact that riders are searching for comfortable and convenient rides. Passengers are going to gravitate towards the service that fits these needs and offers them the ability to be …
Taxi king Evgeny Freidman was evicted from his space fo...
Evgeny “Gene” Freidman is the man who BusinessWeek called “The Taxi King” and is the owner and operator of the largest Taxi fleet in New York City. But his kingdom has recently begun to fall. According to court documents, in the morning on August 24, 2016, City Marshals evicted Taxi Club Management, one …
The Appeals court ruled that the city can monitor taxis...
A federal appeals court has ruled that New York City can track taxi drivers by using their installed GPS system and this tracking device does not violate the Fourth Amendment rights of unreasonable search and seizure. In a 2-1 decision, the Second Circuit held that taxi drivers do not have …
Metered NYC Taxis Celebrate 109 Years!
We might think of the taxicab as a commonplace occurrence, however the iconic yellow cab hasn’t been around forever. Over 109 years ago, businessman Harry N. Allen invented the metered fare idea after he was hit with a five dollar cost for a quarter mile ride in a horse-drawn carriage.
Happy Memorial Day!
Memorial day is a good day to look at an old video of Checkers. This is from the Good Morning America broadcast of July 12, 1994.