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The advantage of a private hire booking is that the journey is offered at a fixed price based only on mileage and not the variable time element of a taximeter found in a "Hackney Carriage"; unless the private hire vehicle is fitted with a taximeter in which case this meter must be used to calculate the fare.
It's on the Meter – World Taxi Challenge was a round-the-world motoring expedition that broke the Guinness World Records for the longest ever journey by taxi and the highest altitude ever reached by taxi. The expedition's three-man team used a 1992 Fairway Driver London Black Cab to drive 43,319.5 miles (69,716.12 km) around the world.
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.
Taxi fares are set by the state and city where they are permitted to operate. The fare includes the 'drop', a set amount that is tallied for getting into the taxi plus the 'per kilometer' rate as has been set by the city. The taxi meters track time as well as distance in an average taxi fare.
The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses. [1]
According to an April 2011 study by the Chicago Dispatcher, New York City taxis have a relatively low standard fare, charging an estimated $14.10 for a distance of 5 miles (8.0 km) and five minutes' wait time (compared to an estimated $18.48 in West Hollywood and $12.87 in Houston). [39]
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Prior to a taxi company being formed in Queensland, owners of taxis simply had signs on the vehicles indicating "For Hire" painted on the side, front and rear. Before 1924, all taxis plied for hire without a means of recording the mileage, other than the driver himself calculating the fare according to how far he drove his passengers. There was ...
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