Logistics and Transportation

Mobile apps have proliferated every walk of life in current times. It is no wonder that the cab businesses have made massive inroads in this era. With Uber raising about  $11.5 billion  from 14 rounds of venture capital investing, company has shown the extent of profitability and potential in the taxi app business. Along with other providers like Lyft and Ola, it has made sure that the power is now in the hands of the 2 billion smartphone owners. This business model has opened up several layers of advantages to the end customer too. It is no wonder that  78% of the  respondents of a study are found to be very/somewhat satisfied with a taxi hailing service like Uber. Multiple Advantages for the Passengers Irrespective of the passengers’ location, they will always find a cab handy, to help them get to the destination easily. The maps-based and GPS-based tech solution ensures that finding the way or locating routes would be a thing of past. It also provides ...

The global taxi business mirrors the economic situation of nations in many ways. The rising income levels, improved road infrastructure, and better cab dispatch technology correlate directly to a jump in revenues from the taxi transportation business. Goldman Sachs estimates the worldwide taxi market to be worth $108 billion, out of which $36 billion is from the ride-hailing businesses like Uber and Lyft. They expect the revenues from taxi hailing business to  swell to $285 billion  in a matter of just 12 years by 2030. Out of the different forms of transportation, taxis have witnessed the biggest growth in customers compared to other forms like buses, trains, and tubes. What Tech Changes Have the Taxi Industry Witnessed in the past Few Years? Earlier taxi was a matter of just standing by the side of the road and hailing a cab that was passing by on the road. Then came the concept of calling the cab company and arranging for a cab. With a payphone, a cab dispatcher...

If you are living in a major city, no matter where you are in the world, you probably have some form of taxi booking service in your neighbourhood already. Businesses like Uber have transformed the entire private transportation industry and left companies running after app like Uber. We have many taxi services which use the smartphone today, and the market seems to have reached a stagnant stage. However, as it turns out, modern businesses like Uber has been able to penetrate the market by 9.8% in 2018. The penetration is expected to increase to 13.3% in 2022 which leaves room for the entry of new players in the industry. The Top 9 Strategies to Help You Grow Your Taxi Business The question for you is how to improve customer loyalty, and it all boils down to the user experience along with your marketing strategies. Today, we are going to give you a lesson on how to boost your taxi business and achieve growth amidst the stiff competition. You can use all of the ways and get...