tlc

A new proposal by the Taxi and Limousine Commission calls for a 23% increase in average passenger fares.

The value of a yellow taxi medallion has plummeted from more than $1.2 million at its peak in 2014 to about $100,000 today.

Users said a service that was expected to help Access-A-Ride customers hail rides on-demand through an app now seems less reliable.

Daily trips for yellow taxis dropped by a factor of ten — from 200,000 trips in February to 18,325 trips in June, according to a new report.

Today's vote extends the cap indefinitely, and restricts how much time drivers can spend 'cruising' without passengers in parts of Manhattan.

The TLC will hold a hearing on the new proposed changes this summer, with the mayor expected to approve them in August.

Mayor Bill de Blasio has ordered a review of predatory practices in the New York City taxi business, following a scathing report on the industry's predatory practice and regulatory failure.

The congestion pricing fees are expected to generate $400 million a year for the MTA.

Tens of thousands of drivers who work for app-based companies in New York City are set to receive a raise.

The taxi industry has been in a tailspin since the introduction of for-hire services like Uber.