Sunday, November 18, 2018

How Lyft and Uber Is Killing The Taxi Industry

It's starting to get rare to see Taxi drivers on the road, but Uber and Lyft are starting to pop up every where. Why is that all of a sudden. Who would have ever thought that a App could change the way we get transportation?

Many taxi drivers worked part time or temporarily, like Uber drivers. In so many way's they are the same. As Uber and Lyft expand into Chicago, taxi drivers in the city are struggling to afford medallions as the number of riders drops.

The taxicab industry believes the playing field has so far not been level. With their limited capital investment in vehicles (drivers generally bring their own) and employees (the overwhelming majority of ride-share drivers are independent contractors without benefits), and so far limited regulation, the ride-share companies have severely damaged the traditional yellow cab industry.

Lyft matches drivers with passengers who request rides through our smartphone app, and passengers pay automatically through the app. Lyft provides additional insurance policies, at no cost to the driver.

Uber Technologies Inc. is a peer-to-peer ridesharing, taxi cab, food delivery, bicycle-sharing, and transportation network company. Its platforms can be accessed via its websites and mobile apps.

A taxicab, also known as a taxi or a cab, is a type of vehicle for hire with a driver, used by a single passenger or small group of passengers, often for a non-shared ride. A taxicab conveys passengers between locations of their choice. This differs from other modes of public transport where the pick-up and drop-off locations are determined by the service provider, not by the passenger.

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