Chalk up another potential casualty to Uber’s meteoric rise to dominance of the ridesharing industry, as an almost $2 billion lender that finances New York City’s yellow taxi trade is warning that it has become undercapitalized, according to a report from Financial Times. Melrose Credit Union,...
Carpooling may not be a favorite among commuters who don’t want to share a cab with a complete stranger, but it is a cheaper way to get around and is a big focus of Uber and Lyft. Now, New York City’s yellow taxis are getting...
June 07, 2017
The yellow cab industry may become extinct soon, according to Chicago cabbies. With Uber and Lyft soaring to new heights in the sharing economy, cab survival is hard to maintain. Data shared by the Chicago cab and taxi drivers union this week revealed 42 percent of the windy city’s cabs weren’t in operation during March, and […]
August 15, 2016
Chalk up another potential casualty to Uber’s meteoric rise to dominance of the ridesharing industry, as an almost $2 billion lender that finances New York City’s yellow taxi trade is...
July 21, 2016
Carpooling may not be a favorite among commuters who don’t want to share a cab with a complete stranger, but it is a cheaper way to get around and is...
