29 Dec '16, 3am

[Mothership] Good guy Trans-cab cuts daily taxi rental by a lot to ease cabbies’ burden https://t.co/KZXBjBYZWk

[Mothership] Good guy Trans-cab cuts daily taxi rental by a lot to ease cabbies’ burden https://t.co/KZXBjBYZWk

Company with a heart, Trans-cab , has taken the unusual route of slashing daily taxi rental rates. This comes after cabbies told the company that third-party booking apps Uber and Grab have eaten into their earnings. Singapore’s second-largest taxi company announced the rental cuts on Dec. 28, citing growing competition in the taxi and private vehicle hire market. The new lowered rental rates will apply to both new and existing drivers who operate alone and will come into effect on Jan. 1, 2017. The cuts have been substantial. Depending on the age of the vehicle, rental for a Toyota Wish cab has fallen to S$59.50 (before GST), down from S$90 per day currently. This is down 34 percent. Renault taxis cost S$88.50 a day, down from the present starting rate of between S$114 and S$125. This is down 27 percent. The bigger Chevrolet models will fall to between S$66 and S$72, down...

Full article: http://mothership.sg/2016/12/good-guy-trans-cab-cuts-dail...

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