crainsnewyork.com – The rise in delinquencies and foreclosures on taxi medallions amid stiff competition from Uber could spell financial disaster for the institutions that have traditionally lent money to medallion owners. Credit […]
Taxi lenders warn of bloodbath as balloon payments come due
crainsnewyork.com – A lender predicts taxi-medallion owners will not make the balloon payments due on a slew of loans maturing in the next six months, according to letters obtained by Crain’s. The […]
City declines to retract letter to judge as taxi interests howl
crainsnewyork.com – What one city lawyer told a court two years ago might seem an undisputable matter of record, but with Uber’s New York City operation and $10 billion worth of taxi […]
There Were 10% Fewer Yellow Taxi Pickups In The First Half Of 2015
gothamist.com – While certain tabloids had fun painting Mayor de Blasio as a pushover in the aftermath of the Uber v. de Blasio PR War of July 2015, many taxi drivers are […]
Thousands Of NYC Taxis Are Getting An App That’s A Lot Like Uber
gothamist.com – It’s been completely legal to develop a ride-hail app for yellow cabs since the spring of 2013. First Uber stepped in with UberT, then Hailo stepped in to challenge it. […]
The Struggles of New York City’s Taxi King
bloomberg.com – Uber is the “nastiest, most morally corrupt company ever” Gene Freidman’s got a new hairdo. For as long as the New York tabloids have been taking photos of him, which […]
Meet the taxi industry’s last, best hope to survive Uber age
crainsnewyork.com – It’s called Arro, and it may be the traditional taxi industry’s best shot at survival in the age of Uber. Eighteen months in the making, the new smartphone application allows […]
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