{"id":5940,"date":"2020-02-04T09:05:56","date_gmt":"2020-02-04T14:05:56","guid":{"rendered":"https:\/\/www.taxifarefinder.com\/newsroom\/?p=5940"},"modified":"2023-04-19T13:31:35","modified_gmt":"2023-04-19T17:31:35","slug":"are-nyc-taxi-cabs-adding-surge-pricing","status":"publish","type":"post","link":"https:\/\/www.taxifarefinder.com\/newsroom\/2020\/02\/04\/are-nyc-taxi-cabs-adding-surge-pricing\/","title":{"rendered":"Are NYC Taxi Cabs adding surge pricing?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2520\" height=\"1186\" src=\"https:\/\/www.taxifarefinder.com\/newsroom\/wp-content\/uploads\/2020\/02\/NYC_Taxi_Toyota_Camry.jpg\" alt=\"NYC Taxi Surge Pricing\" class=\"wp-image-5941\"\/><\/figure>\n\n\n\n<p>This past Friday, NYC officials proposed that the city adopt the same surge pricing method that Uber and Lyft have used in the past in order to compete with the ride-sharing marketplace. This is another last ditch effort by advocates to help NYC yellow cab drivers recoup some of the debt from their investments in taxi medallions.<\/p>\n\n\n\n<p>According to the Taxi Medallion Taxi\nForce, Medallions prices have decreased from $1.25 million in 2012 to $188,000\nby 2018. Quite a significant drop, especially when this was many people\u2019s entire\nlivelihoods and retirement plan. Since the drastic price decrease, 950\nmedallion owners have had to file for bankruptcy with some owners even taking\ntheir own lives from the despair.<\/p>\n\n\n\n<p>City Councilmen Ydanis Rodriguez and\nStephen Levin, wrote in a letter to Mayor Bill de Blasio that \u201cDuring our\ndiscussions, it became abundantly clear that the medallion taxi industry in our\ncity is in a state of crisis, and the time to take urgent, bold action to\nremedy the situation is now&#8221;.<\/p>\n\n\n\n<p>This is not the first-time advocates\nhave tried to remedy the medallion crisis in NYC. Just recently a bailout\nproposal for medallion owners was brought before the city. Before that, Uber\nand Lyft joined forces to propose a plan to help rectify the damage they\ncaused. <\/p>\n\n\n\n<p>If NYC allows taxi cabs to enact\nsurge pricing, this will be the first time a solution for NYC taxi cabs will be\nenforced and it will affect all passengers who use the famous yellow cabs.\nFurthermore, NYC will be one of the first cities in the United States to allow\ntheir cabs to raise prices depending on demand.<\/p>\n\n\n\n<p>The surge pricing proposal is bound\nto be controversial as riders have never taken kindly to the method when Uber\nand Lyft used it. Now Uber and Lyft use an upfront pricing method that riders\nseem to like a little better though the price will still change on demand.<\/p>\n\n\n\n<p>Are you a NYC cab driver? What are\nyour feelings on allowing surge pricing within yellow cabs?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past Friday, NYC officials proposed that the city adopt the same surge pricing method that Uber and Lyft have used in the past in order to compete with the ride-sharing marketplace. This is another last ditch effort by advocates to help NYC yellow cab drivers recoup some of the debt from their investments in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[787,1489,1488,1491,1493,1492,1485,201,1487,1486],"_links":{"self":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/5940"}],"collection":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/comments?post=5940"}],"version-history":[{"count":1,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/5940\/revisions"}],"predecessor-version":[{"id":5942,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/5940\/revisions\/5942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/media\/5941"}],"wp:attachment":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/media?parent=5940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/categories?post=5940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/tags?post=5940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}