Uber Dominating the British Cab Industry

The American app based cab service is leading the UK taxi industry and challenging Black Cabs

The success of Uber has driven growth in private hire and British conventional cab industry  to a halt, with many drivers trading domestic taxi companies for the biggest start-up in the Silicon Valley. Despite of the record making figures of drivers , new corporate data demonstrates the decline in the figure of new cab companies by 97% in the initial 4 months of this year amidst signs the disruptive impact of the American application based cab service provider  is spreading beyond London.

The ride sharing organization has brought upheaval in almost any market it has rolled out in, causing huge-scale cab strikes in capital cities such as Brussels as well as Paris as well as plummeting values for cab licenses in Chicago as well as New York. As the organization has grown across the globe- it now runs its operations in 68 states- regulatory bodies have been also dealing with what kind of requirements to place on drivers of the company, making efforts to balance the demand of users for the facility with its effect on current cab organizations.

The organization states its fairness as well as flexibility is luring drivers from established organizations. Gladys Mapanda, who used to work for 3 mini taxi companies in the British capital before turning into a Uber driver 12 months ago stated the experience has been  “a liberation” for her as a lady used to “boys club” mini taxi businesses. The transporter has noted that more than 66.66% of new cab drivers  are referred by current operators. But British trade unions fear the organization is compelling its rivals by keeping prices artificially low.

Faced with alike disruption, some Chinese cities are aiming to cut down the daily charges paid by drivers to let them battle with the California based company, while many cities in the United States have reacted by imposing taxes on Uber rides and using money earned for improving infrastructure. In the popular “ Knowledge” exam of London cab industry, Uber driving partners in London are required to give basic geography and English tests.

The organization also has provided an olive branch to black cabs by including a hansom option inside its application, although comparatively few black taxi drivers have logged for the facility. The concessions provided by Uber seem to have a little impact. .The cumulative figure of new cab service provider listed in the last year was 65% lower than that of 2 years ago, the first decline since 2008. Since the beginning of its operations in UK last year, the organization has extended its British operations from 4 to one and a half dozen areas.