Drive Taxi

Connecting taxicab owners and drivers in NYC.

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NYC loves our yellowcab drivers. Come back to tradition and stability :)

Kristine Rakowsky and her son now hail more traditional taxicabs after Uber lost its luster. The new app drew complaints about high prices and the bad

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At the Yellow Taxi Driver Fair at the Brooklyn Bridge Marriot. The turnout is huge with many potential new yellowcab drivers in NYC.

We want to be an influential part of the connection between taxicab owners and drivers. Stay tuned for developments on the service we are developing for you.

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MEDALLION VALUES CONTINUE TO SKYROCKET

Remember the days where a yellow cab medallion in NYC was affordable? It seems like ages ago when a medallion could be bought for $400,000. In fact, that only dates back to circa 2005. Since then, the medallion has shot up in value to greater than $1,000,000.

Of course there are two types of medallions (independent/corporate), one more valuable than the other, but the notion of buying a taxicab for $1MM+ seems a bit much when the income the cab generates is not on par with the cost to own. 

In conclusion, owning a taxicab is like owning real estate. You buy the cab not for appreciation (although it would've been nice to own a cab since pre-2005), but for the steady income. NYC's yellow cab industry is a highly recession proof business: people always need reliable transportation in this concrete jungle. 

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STREET HAIL EXPANSION AROUND THE CORNER

The TLC is now accepting applications for Street Hail Livery (SHL) licenses. Only 6,000 SHL licenses will be issued each year until 18,000 are issued. Twenty (20) percent of the licenses are reserved for use with wheelchair accessible vehicles. Grants for the purchase or conversion of a wheelchair accessible vehicle are available to those who meet eligibility requirements. You can download SHL applications and checklists, request an appointment to submit an application to the TLC, apply for an accessibility grant, and learn about the rules and regulations pertaining to the SHL service. 

Street Hail Livery vehicles can pick up passengers by street hail anywhere outside of Manhattan (except for the airports) and in Manhattan north of West 110th street and north of East 96th street. Street Hail Livery vehicles may also accept dispatches in Manhattan north of West 110th street and north of East 96th street and anywhere outside Manhattan, including the airports.