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Uber, Lyft and the hard economics of taxi cab medallions

New York's taxi economy implodes – Marketplace – Medallion owners argue that Uber and Lyft impinge on a taxi’s rights without having to follow the same regulations. Nino Hervias, 58, is a taxi driver who owes $540,000 on his medallion loan.

Price of taxi medallions falls to lowest level of 21st. – Price of taxi medallions falls to lowest level of 21st century amid Uber, Lyft competition. Medallion owners are fuming. "The problem is too many drivers chasing too few passengers, and the city abdicated it’s responsibility," said medallion owner carolyn Protz. There are currently 13,587 yellow-taxi medallions in the Big Apple – and more than 50,000 Uber and Lyft cars. tlc officials declined to say much about the sale.

Uber Lyft And The Hard Economics Of Taxi Cab Medallions and. – Both Uber and Lyft have stopped hiring new drivers in the city in response to new minimum wage regulations-a sign that the rules the Taxi and Limousine Commission passed at the end of the year are.

Taxicab Medallion Systems: Time for a Change | The Heritage. – Taxicab Medallion Systems: Time for a Change.. The response from the established cab companies, then as now, was an appeal to government to keep the new entrants out of existing markets.

Uber and Lyft Fare Cuts Hit NYC Taxis, and Their Lenders, Hard – Price cuts by Uber and Lyft are hurting New York City yellow taxi revenues harder. Weather provided another assist to yellow cabs in the March comparison, but yellow taxi cab numbers were still.

Taxis and ride-hail facing $4 airport surcharge – The cost of a cab. require taxi drivers picking up passengers at Newark, LaGuardia and John F. Kennedy airports to charge.

Fed Chair Powell’s Plan To Pickle The Economy WATCH: Federal Reserve foresees no interest rate hikes in 2019 – Federal Reserve Chair Jerome Powell is expected to hold a. the job market remains strong, “growth of economic activity has slowed from its solid rate in the fourth quarter.” The Fed laid out a plan.

Uber, Lyft and the hard economics of taxi cab medallions. – Uber Forum is an independent and unbiased resource to discuss Uber, Lyft, Postmates, Instacart, Favor, Deliv, DoorDash and more! Uber Forum has over 4,000+ members and 100,000+ posts! Please join the Uber Forum community by signing up today!. Uber, Lyft and the hard economics of taxi cab.

Uber, Lyft take down not just cab drivers, but also lenders. – Uber, Lyft take down not just cab drivers, but also lenders. loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have.

Uber, Lyft Bankrupting Cab Drivers and Their Lenders – Uber, Lyft Bankrupting Cab Drivers and Their Lenders. The value of Granvil’s medallion is hard to pinpoint because 2017 sale prices have varied from the $200,000s to the $500,000s depending on whether lenders are willing to finance the purchase. Meanwhile, Granvil, who no longer drives because of poor health and uses a broker to hire a driver,

$90 billion in lost home value in Metro Vancouver over the past year: report analysis finds metro Vancouver shed $89B in home equity last. – The City of Vancouver, meanwhile, saw the biggest drop in total dollar value at $43.6 billion. READ MORE: metro vancouver home prices slide again, april sales 43% below 10-year average