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...

 In recent years it has been noticed that many taxi service providers are opting for mobile applications to improve their business service quality, enable matchup of their drivers and passengers seamlessly and above all keep up with the high demand in the industry. A user-friendly taxi booking app helps the companies take their customer experience to the next level by turning a bothersome taxi booking experience to a convenient one. Is there any particular type of software solution that should be followed while developing such a user-friendly taxi booking app? Yes, of course, there is. To automate and modernize your taxi fleet operations, you need an app powered by cutting edge dispatch technology, and that app is  white label taxi app. White label solution has been introduced as a boon for taxi apps, facilitating the taxi companies make the dispatch service fast and hassle-free. To make the most out of the white label taxi apps, you need to know what must-have factors t...

A lot of people are looking forward to Starting a taxi business  owing to its scope of tremendous growth. One can spike their taxi network and the return of investment in a short span of time, which makes it a great opportunity for ambitious entrepreneurs. The gateway to success in the taxi business is maintaining the supply of good drivers. Why is driver acquisition an important factor for a taxi business? Your business can grow like never before if you have a strong pool of drivers who can give high-quality service to the passengers. The challenging part here is to retain committed drivers and attract more to meet the passenger’s demands. Do you want to know how to attract drivers and grow your taxi network? Read on the strategies below to hire more drivers and stay competitive. Bonuses Bonus helps employees to meet goals, stay motivated and committed as per research in human psychology. Surge bonuses and sign-up bonuses are a great and quick way to attract mor...

With the introduction of fast-evolving technologies and wide usage of smartphones, digital and mobile wallets are gradually becoming the new mode of tap-and-go consumerism, making the payment system convenient, swift, fast and secure. Ranging from buying grocery to booking movie tickets and from paying utility bills to booking a cab, everything has now become more seamless than ever with the use of digital wallets. Especially to stand ahead of the curve and retain customers, nowadays many cab service providers use mobile wallets in  taxi apps  where customers can pre-load money and use that to pay for the service while traveling. Undoubtedly, the addition of wallet option to taxi apps has brought a great sense of relief to both the customers and drivers. They can quickly settle payments without the hassle of tendering exact change. There is certainly a wide range of benefits one can have from the integration of mobile wallets in a taxi booking app. But before diving into tha...

Running a Taxi business can be lucrative and satisfying but needs circumspection! The taxi business is a capital-intensive venture but can bring returns on investments quickly depending on how well it is run. In order to run this well, 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 more customers on board. Discussion Points The taxi business  is often run in a specific area; for example, there are taxi services that are run across a whole country whereas some taxi services are run only in certain cities or specific regions. Taxi businesses, in general, have something in common with the other transport businesses as well as unique differences. Some important points related to this must be considered if you are contemplating “how to start a taxi business?” Estimating the Potential for Taxi Business Determine if there is enough potential for a taxi business...