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The New York City Taxi and Limousine Commission (NYC TLC) licenses and regulates medallion taxis, app-based services, black cars, and other for-hire vehicles in New York City. It also sets fare rates, enforces safety rules, and oversees the sale of taxi medallions.
The New York City Taxi and Limousine Commission has enforced strict requirements for the color of medallion taxicabs since the late 1960s. [100] According to the Rules of New York City, "The exterior of the vehicle must be painted taxi yellow (Dupont M6284 or its equivalent), except for trim. Samples of paint color and shade are to be submitted ...
A taxi medallion is a transferable permit in the US that allows a taxicab to operate in major cities such as New York, Boston, and Chicago. The medallion system is a government-created constraint on the supply of taxis, and the value of medallions has fluctuated over time due to demand and competition.
New York City's taxi fleet doesn't provide a good living for a lucky few investors. It provides a great one. Taxi medallions have outperformed practically every investment imaginable -- including ...
When Partap Singh bought a taxi medallion — a permit to independently operate a cab in New York City — in 1993, he thought he’d struck gold.
Under the program announced by city officials, the New York City Taxi Workers Alliance and taxi medallion lender Marblegate Asset Management, loans for 3,000 drivers who owe an average of $550,000 ...
Learn about illegal taxicabs, also known as gypsy cabs, pirate taxis, or jitney cabs, that operate without proper licensing or regulation. Find out the reasons, types, and effects of illegal taxi operation in different cities and countries.
Learn about the history, regulation, and operations of taxicabs in different U.S. cities. Find out how medallions, ridesharing, and safety affect the taxi industry.