Driving a traditional taxi cab is not an inexpensive proposition because the medallions necessary to do the driving are not cheap. And, as Uber and Lyft have eaten up more and more of the market, drivers are defaulting on their debts. Get the Full Story...
Whether it’s a case of unintended consequences, or just a sign of the changing times, the Uber and Lyft on-demand ride-hailing revolution has claimed one of its first major victims. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The fact that the rise of ridesharing has been hard on taxi companies should come as a surprise to no one. But, as recent reports indicate, the taxi services themselves are not the only institutions finding themselves disrupted by the evolutions of the modern ride...
February 20, 2020
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]
January 02, 2018
Driving a traditional taxi cab is not an inexpensive proposition because the medallions necessary to do the driving are not cheap. And, as Uber and Lyft have eaten up more...
January 26, 2016
Whether it’s a case of unintended consequences, or just a sign of the changing times, the Uber and Lyft on-demand ride-hailing revolution has claimed one of its first major victims....
October 22, 2015
The fact that the rise of ridesharing has been hard on taxi companies should come as a surprise to no one. But, as recent reports indicate, the taxi services themselves...
