Taxi Owners’ Credit Union, Hurt by Uber, Seized by New York Regulator

By | September 21, 2015

  • September 21, 2015 at 1:23 pm
    Jack Kanauph says:
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    I don’t get why all the taxi companies don’t get a TAXI app to do the same thing. With their brand, experience and better safety and hiring practices, they could beat Uber and the others.

    • September 22, 2015 at 12:52 pm
      David says:
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      Where I live, it’s cheaper and easier for the taxi companies to form a cartel and bribe local governmental officials into creating huge barriers to entry to keep competitors from entering their market.

      Creating and launching a usable smart phone app would require them to be forward-thinking, tech-savvy and to actually care about their customers’ wants.

      They’ve gotten away with keeping out competitors for decades by leaning on the city government, and are now scratching their heads wondering why their little graft isn’t working anymore. Good riddance.

    • September 25, 2015 at 9:21 pm
      Dan Nietzsche says:
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      Here is why: taxi drivers are fed up with over-regulations and fines by the TLC (NYC taxi and limousine commission)and when the opportunity arrived they migrated to Uber

  • September 21, 2015 at 1:42 pm
    Trish says:
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    A lot of the cab companies do have apps. However, they are required to have weekly safety inspections, they cannot “surge” their fares and must stick to the regulated fares unlike Uber which can charge whatever the person is willing to pay. The cab companies pay for CPR training, background checks, etc. It is difficult to be competitive against the Uber corporation as taxi companies are usually locally owned – and paying all the local/state fees and following the rules and regulations – and Uber is a huge, venture-capital based operation which is thumbing its nose at local/state authorities. I would like to see the average citizen go into a locale and just decide to operate any type of business in any manner they choose. We all know that wouldn’t last. Uber is a taxi service, and they keep trying to call it something else.



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