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Boston Taxis- What Are They Worth?.
The yellow taxi is the genius of John Hertz almost 100 years ago when he successfully founded the Yellow Cab Company of Chicago. The yellow taxis have been then brought into service in New York. John Hertz chose yellow for the color for the cabs to be as masses felt these were much easier to spot.
and partly in the journey of a man from Jordan who happened to Boston and privately launched a Boston taxi empire.
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To Boston taxi drivers — many of them immigrants who average 72 hours a week commuting somebody else’s taxi to earn maybe $550 — the medallions are like magic, secrets to higher quality lives for themselves and their families. In consequence, the medallions that cost $50 in 1935 now cost a great deal more, which makes them the second priciest in the us after New York City’s. Since the price keeps ascending, the cabbies keep driving and driving and trying to keep up.
Along with the bad financial situation and the climbing gas prices. It is no wonder that Boston taxis tend to be overpriced.