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Boston Taxis- Why So Over-priced?.
The yellow taxi was created by John Hertz almost 100 years ago when he successfully founded the Yellow Cab Company of Chicago. The yellow taxis were then brought into service in New York City. John Hertz chose yellow as the color for all the cabs to be as masses felt these were quicker to spot.
Boston taxi services are definitely more expensive than other comparable metropolitan cities in the USA. Initial cost is $2.60.
000. That’s what these individuals call a medallion.
To Boston taxi drivers — many of them immigrants who average seventy-two hours a week taking someone else’s taxi to profit maybe $550 — the medallions are like wealth, secrets to higher quality lives for themselves and their relatives. Consequently, the medallions that were $50 in 1935 now sell for a good deal more, making them the second costliest in the country after New York City’s. As the value keeps ascending, the cabbies keep driving and driving and seeking to continue.
Together with the poor economic situation and also the rising gas prices. It is no wonder that Boston taxis tend to be overpriced.