In its much anticipated S-1 filing to IPO, Lyft revealed a wealth of financial detail. Finally, one of the most debated business models in venture capital is opening up to outsiders. And with Uber slowly releasing selected figures in the run-up to its own IPO it’s now possible to compare the two companies in more […]
Taxi rides with strangers may be just the lift needed for offsetting expected cab shortages during the 2020 Tokyo Olympics and Paralympics. A government council decided March 7 to move forward with lifting the ban on taxi ride-sharing nationwide. “Taxi ride-sharing allows users to travel for cheaper fares,” said Prime Minister Shinzo Abe, who chaired […]
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The deregulation of the Finnish taxi market resulted in a noticeable drop, followed by a sharp increase, in taxi fares, according to consumer price data published by Statistics Finland. Sanna Kurronen, a senior analyst at Nordea, says the data sheds light on the operations of taxi companies, which seemingly sought to bolster their market position […]
After a half-century of service in Las Vegas, Frias Transportation is officially on its way out after the state Taxicab Authority approved the sale of its assets. Two groups of buyers bought varying portions of Frias’ vehicles, medallions — small license plates affixed to cabs authorizing them to operate within a jurisdiction — and certificates […]
Taxify, the ride-hailing company from Estonia backed by Didi and Daimler and now active in 30 countries, is making a key shift in its business today as it gears up for its next stage of growth. The company is removing “taxi” from its name and rebranding as Bolt, the same name that it has been […]
Uber will not face criminal charges for a fatal crash involving one of its self-driving cars. Prosecutors have ruled that the company is not criminally liable for the death of Elaine Herzberg, 49, who was struck as she crossed a road in Tempe, Arizona. The car’s back-up driver could still face criminal charges. A police […]
MobiTill Epesi Smart Transport Solution, has come up with a mobile application system that aims to streamline public transport the same way ride-sharing apps have done with the taxi economy. According to the company’s Chief Executive Officer, Mary Mwangi, the app will schedule matatus and buses in Nairobi which will, in turn, reduce congestion at […]
An alliance of 17 taxi groups is gearing up for a head-on battle against ride-hailing firm Uber with a forthcoming app that it claims can match the popular Uber app, and do more besides. “Whatever Uber can do, we do it better. Whatever Uber cannot do, we can,” declared Hung Wing-tat, chairman of the Hong […]
Gardaí have revealed details of their operation targeting non-nationals operating taxis using fake licences. Up to 90 officers carried out 10 raids on houses in Lucan and north inner city Dublin at 8am today (March 6). The Garda National Immigration Bureau operation uncovered 134 cases where the immigration status of people who applied for or […]
Taxify, the ride-hailing company from Estonia backed by Didi and Daimler and now active in 30 countries, is making a key shift in its business today (March 8, 2019) as it gears up for its next stage of growth, TechCrunch reports. The company is removing “taxi” from its name and rebranding as Bolt, the same […]
