If the ComfortDelGro-Uber deal is allowed, the market will revert to its David-Goliath imbalance. But unlike the biblical outcome, Goliath almost always wins in any marketplace.
Posts Tagged: taxi industry
HDT applies for full licence, aiming to add 800 cabs to 100-strong fleet.
Singapore’s largest taxi operator ComfortDelGro will launch a dynamic pricing system for its 13,600 cabs from Jan 19.
Petrol-electric taxis now make up about 17% of fleet, compared with none just a decade ago.
Five other taxi firms already offer dynamic pricing for bookings made with Grab app.
Our consulting editor explains why there are more private-hire services than meets the eye, and why that is bad news for Singapore’s “car-lite” goal.
ComfortDelGro’s taxi unit posted an operating profit of $37.5 million for the three months, down 20.7 per cent from the corresponding period last year.
More than 3000 ComfortDelGro taxi drivers have signed up with Grab over the last month, the ride-hailing firm revealed on Friday (Oct 6), with the majority choosing to switch to become private-hire car drivers.
Only 95 TDVLs (taxi driver vocational licences) were issued in July, the lowest number ever issued in over 10 years.
Grab offers a rental discount of more than 40 percent to cabbies willing to defect to any of the other taxi companies – all of whom use the Grab hailing platform.