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Boston Taxis- What Are They Worth?.
The yellow taxi is the genius of John Hertz almost a hundred years ago when he successfully founded the Yellow Cab Company of Chicago. The yellow taxis had been then brought into service in New York City. John Hertz chose yellow for the color for these cabs to be as people felt they were simpler to spot.
Boston taxi services are more expensive than other comparable metropolitan cities in America. Initial cost is $2.60.
In a way
To Boston taxi drivers — many of them immigrants who average seventy-two hours a week commuting somebody else’s taxi cab to net maybe $550 — the medallions are like magic, keys to better lives for themselves and their relatives. Subsequently, the medallions that cost $50 in 1935 now demand far more, causing them to be the second most expensive in the country after New York City’s. As the price keeps climbing, the cabbies keep driving and driving and working hard to keep up.
Along with the poor financial situation as well as the climbing gas prices. it is no surprise that Boston taxis are overpriced.