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A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them.
The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
Drivers are guaranteed to receive 70% or more of the fare after external fees. If weekly earnings fall below this threshold in relation to passenger payments, Lyft compensates the difference.
A Lyft vehicle in Santa Monica, California, with the original grill-stache branding, since retired. Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara ...
The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) ... Orlando–Kissimmee–Sanford, FL: Lynx: $13,596,128.00 ...
Fare is almost always tracked automatically using a typical electronic toll calculator. Toll road fees are added to this and some cabs charge a US$2 fee for starting at the airport. Most companies display the rate of their taxis on the outside of the cab near the back door. All taxis in Miami-Dade must be registered and certified by the county ...
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