- June 11, 2021
- Posted by: Stratford Team
- Category: Business
New York’s yellow cabs are making a comeback.
A driver shortage at Uber Technologies Inc. and Lyft Inc. has left city riders frustrated with high fares and long wait times, leading many to step off the curb and raise a hand.
“Business has been great. I’ve never seen it like this before,” said Tainur Rahman, a taxi driver from the Bronx. Rahman, who has been driving for about a decade, said he’s optimistic about a sustained rebound in the summer months to help make up for profits lost during the dead months of Covid-19 lockdowns.
Already suffering from an inundation of app-based drivers over the past several years, cabbies were dealt another significant blow by the pandemic, as commuters worked from home, tourists stayed away and no one wanted to be in the same car with a stranger. As New York’s economy is revving up again, the number of daily taxi trips in New York City surged more than 800% in April…