TAXI & FHV

Taxi King’s medallions go for $170,000 apiece—and some for $250,000

Taxi King’s medallions go for $170,000 apiece—and some for $250,000

The conversion of taxi medallions from a coveted license into a distressed asset accelerated Thursday as a hedge fund paid $170,000 apiece for 131 medallions at an auction in Flushing, Queens, writes Crain’s Matthew Flamm. The winning bid came to $22,270,000. A separate pool of eight medallions sold for $2 million, or $250,000 apiece. All(…)

PRODUCT NEWS

OPINION

Thomas Grätz (BZP): “A political solution is needed in the debate about driving bans in German inner cities. The taxi industry demands a sensible political solution.”

Thomas Grätz (BZP): “A political solution is needed in the debate about driving bans in German inner cities. The taxi industry demands a sensible political solution.”

Thomas Grätz, is a lawyer and managing director of the German Taxi Private Hire Association (BZP) e.V. Feb. 22, 2018 is marked on my calendar. A single sentence from the Federal Administrative Court could turn our lives upside down. It is about driving bans in German inner cities. In September 2016, the Düsseldorf Administrative Court(…)

INSTANT INTELL

Christian Holzhauser new president for IRU’s TaxiGroup.

Christian Holzhauser new president for IRU’s TaxiGroup.

IRU’s TaxiGroup, the ‘Taxis and Hire Cars with Driver Group’, elected Austrian Mag. Christian Holzhauser as its new president for a period of 4 years. He succeeds Hubert Andela from Dutch association KNV Taxi, who led the group for nearly 11 years. Andela has recently taken up the directorship for the entire KNV association, a(…)

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