Increasing fuel costs have many cab companies trying to figure out how best to address the issue where profitability for drivers is concerned. So far, Glendora taxi rates have remained pretty reasonable despite the rising fuel costs. But in other major cities throughout the U.S., companies have begun tackling the issue from either a fuel conservation or fee adjustment angle. Five emerging trends are surfacing in many cities.
One popular trend is the addition of fees or increasing existing fees. Some cab companies have begun to increase the current fees they assess passengers. Various transportation boards have approved the increases, sympathizing with cab drivers forced to pay higher gas prices. Other companies are adding new charges to their fee schedules. Where some companies may not have previously charged for baggage or other services, they are now taking a closer look at these fee options.
Another popular trend is the addition of floating fuel surcharges. Some boards have approved a floating fuel surcharge to keep consistent with the fluctuating gas prices. Already implemented in some cities, the fuel surcharges have been automatically improved to adjust upward should there be a sudden increase in gas prices.
Some cab community drivers are pushing for medallion limitations to restrict the number of cab drivers servicing certain areas. The allocation process has been challenged recently in several U.S. cities. Some city cab drivers feel that they can make more competitive wages if there were fewer medallions made available.
Cab companies are also modifying their fleets by incorporating the use of hybrids. Some companies are now using eco-friendly hybrid vehicles in order to avoid raising fees on their customers. Drivers are able to save on fuel while passengers enjoy peace of mind in their ability to expect fairly consistent fees.
Others are pushing for shift extensions. Schedule restriction policies are being challenged by drivers. Cab drivers sympathetic to the economic challenges many customers are facing with increases in cost of living have pushed for the removal of schedule restrictions in lieu of raising passenger fees.
Although cities like Orlando, the District of Columbia, and Shreveport are raising their taxi rates, the Glendora taxi rates have been pretty consistent. Cab companies continue to explore the best way to account for increasing fuel costs where drivers have been adversely affected by higher prices at the pump.