NYT – Taxi Medallions, Once a Safe Investment, Now Drag Owners Into Debt
Owning a yellow cab has left Issa Isac in deep debt and facing a precarious future.
Owning a yellow cab has left Issa Isac in deep debt and facing a precarious future.
Uber’s whole value proposition is that it’s cheaper, quicker and easier. But this week the ride-sharing service was accused of being not so easy for people who are disabled.
NYETA (New Yorkers for Equal Transportation Access) held a protest outside of NYC Council Speaker Melissa Mark-Viverito's office to oppose the Speaker's decision to block bills regarding accessibility for the disabled.
On Tuesday, June 27th a comprehensive symposium on the taxi industry-viewed by many in and out of the industry as in free fall — will be held at the New York Institute of Technology, 16, West 61st in Manhattan.
Article on behalf of Brad Gerstman, NYETA Spokesperson
Two people who use wheelchairs have filed a lawsuit against Uber alleging that Uber has violated Title III of the Americans with Disabilities Act, the California Disabled Persons Act and California’s unfair competition law.
Drivers say services like Uber and Lyft have created unfair competition, and they blame the city for not creating a level playing field.
At a raucous rally at City Hall Wednesday, owners of taxi medallions teed off on the mayor for allowing ride-hailing apps to take a huge bite out of the highly regulated cab industry.
Claiming that as many as 1,000 medallion owners are facing bankruptcy and foreclosure, individual taxi owners and their allies took to the steps of City Hall on Wednesday in a call for help from government officials.
Along came Uber and today hailing a car with an app—and having the fare automatically charged to your credit card—is the new normal. The irony is that nobody trusts Uber—even though everyone uses it. That has made the $70 billion company surprisingly vulnerable.