Arlington considers financial relief for taxi drivers amid Uber, Lyft growth [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
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Source: Yahoo! Finance
This comes as taxi companies across America are struggling. Drivers tell FOX 5 that the business is almost dead. Many of them wait outside the Ritz-Carlton in Pentagon City for hours hoping to get a customer. That's why a new measure is being introduced that would eliminate the $150 annual certificate fee for each of the 441 taxis authorized to operate in Arlington. That money adds up to $66,150 per year for the county. The goal is to eliminate a cost during a time when taxi drivers are barely making ends meet. Arlington County leaders estimate from 2019 to 2023, there has been a 50 percent drop in taxi services due to rideshare apps like Uber and Lyft. That is the main challenge the declining taxi industry is facing. Arlington taxi drivers say it would be nice to have a dispatcher who can directly connect them with customers – similar to how their competition works. The Arlington County Board sent FOX 5 this statement: The Arlington County Board at its April Regular Me
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