The Traderszone Network

Published in TZ Latest News 29 September, 2016 by The TZ Newswire Staff

Can Taxi Companies Develop A Survival Plan In The Ride-Hailing Age?

While it’s undeniable that ride-hailing apps, like Uber and Lyft, have disrupted the taxi industry, their impact varies widely on a city-by-city basis. Over the past three years, taxi trips have decreased by nearly 30 percent in Los Angeles. However, the impact wasn’t nearly as steep in New York City, with total trips dipping by only about 9 percent during that same time period.

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