Uber CEO backs surcharge to aid struggling NYC taxi owners

AP

Print Article

NEW YORK (AP) The chief executive of Uber said New York City should impose a fee on app-hailed rides and taxis to help taxi medallion owners who are struggling with debt.

CEO Dara Khosrowshahi told the New York Post on Monday that the city should put the surcharge into a fund to help taxi owners who bought their medallions at sky-high prices. He did not say how much the fee should be.

"In circumstances where medallion owner-operators are having a hard time, where technology has changed and demand patterns has changed their environment, we would support some kind of fee or pool to be formed, a hardship fund, call it," Khosrowshahi said.

Because taxi drivers in New York City are required to own them, medallions were once extremely valuable and highly coveted because the demand for cabs was stable. But in the years since Uber and similar companies disrupted the industry, a medallion's value has fallen from as much as $1 million to $200,000.

Drivers working for Uber and other app-based companies don't need medallions, and many taxi owners who thought their medallions would continue to grow in value say they are now hundreds of thousands of dollars in debt.

Advocates have blamed five apparent suicides of drivers since last November on the taxi industry's woes.

In the most recent case, yellow cab owner-driver Yu Mein Chow was found floating in the East River last month. The city medical examiner has not determined a cause of death, but Chow's family members believe he jumped to his death.

A livery cab driver shot himself to death outside City Hall in February after writing a Facebook post blaming politicians for the taxi industry's decline.

Groups that represent drivers blasted Khosrowshahi's proposal.

"Dara Khosrowshahi's proposals are a slap in the face to struggling drivers and an attempt to get out of being regulated," said Bhairavi Desai, executive director of the New York Taxi Workers Alliance.

The Independent Drivers Guild, which represents Uber drivers, said, Khosrowshahi "needs to address the widespread hardship faced by drivers for his own company before considering taking another cut from our sub-minimum-wage pay."

___

This story has been corrected to show that Khosrowshahi believes the fee should apply to taxi rides and app-hailed rides, not just to app-hailed rides, according to a spokeswoman.

Print Article

Read More Lifestyles

MILESTONE ANNOUNCEMENTS

June 17, 2018 at 5:00 am | Coeur d'Alene Press ANNIVERSARIES Wayne and Ruthie Johnson 75th Anniversary Wayne and Ruthie Johnson are celebrating their 75th wedding anniversary on June 27, 2018. They were married on June 27, 1943, in Austin...

Comments

Read More

LDS NEWS

June 17, 2018 at 5:00 am | Coeur d'Alene Press Hailey M. Sessions, 19, of Post Falls, was recently called to serve an 18-month mission to the Juiz de Fora Brazil Mission for The Church of Jesus Christ of Latter-day Saints. She will receive her tr...

Comments

Read More

MY GARDEN PATH: These long days are great!

June 17, 2018 at 5:00 am | Coeur d'Alene Press Here we are already to the official First Day of Summer: the 21st. This is also the longest day of the year. As fast as time seems to fly, wed better enjoy it while we can. Do you have squirrels li...

Comments

Read More

Beloved Glasgow School of Art badly damaged by a 2nd fire

AP

June 16, 2018 at 6:45 am | LONDON (AP) Glasgow has suffered a major blow as a second severe fire in four years has gutted the historic Glasgow School of Art, one of the Scottish city's most beloved cultural treasures. Fi...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2018 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X