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Boston Taxis- What Are They Worth?.
The yellow taxi is the genius of John Hertz almost a century 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 as the color for the cabs to be as people felt these were better to spot.
yet the earnings aren’t going to the driver. So.
825 of them that are available for the whole metropolis of Boston. And the last time one went up for auction
To Boston taxi drivers — most of them immigrants who average 72 hours a week taking someone else’s taxi cab to net maybe $550 — the medallions are like magic, secrets to better lives for themselves and their family. Therefore, the medallions that were $50 in 1935 now sell for way more, making them the second costliest in the us after New York City’s. While the value continues rising, the cabbies keep driving and driving and working to continue.
Combined with the bad financial crisis and also the climbing gas prices. It’s no surprise that Boston taxis tend to be pricey.